How to keep you assets safe?

in #hive-1679222 months ago

Web_WazirX-Hack-_234.9M-Compromised-via_Ethereum-Multisig-Wallet.jpg

We have seen multiple hacks are going on all over the world every day and they're highlighted in the news and are not noticeable they didn't even come in the news maybe they were in the local news as hard to be in global news recently we have seen an Indian exchange wazirx got hacked and loosed almost 230 million dollar worth of its assets. I used to buy assets in the wazirx but now I don't buy any assets and haven't put any in the past few years. Even if you buy any kind of assets it is really hard to trust any exchanges these days as we can see how untressed the exchanges are due to very little you can say minimum minimum security bridges the end of losing a huge amount of money.

Not sure why but this incident happened and I have seen a lot of YouTube videos after that I am following the news now they have a bounty of 23 million on the white hat hacker or another person who helped them to get their assets back at the beginning it was only 10000 but after discussion, the founder of the company increase the bit from 10000 USD. Yes, many tweets are going on and still, no independent investigation has gone but the owner of this company is blaming the other company for the security not sure what has happened we will soon find that out but still this is a useful thing because many people have invested their hard and money there and now it's all gone yes still they do you have 50% of the assets but not sure how much they are going to pay for now they have stopped any kind of withdrawal and deposit on the exchange.

It is difficult to trust anything online because maybe you are secure but not all of all secured and careful enough. Keep our money online on many platforms se and think that they are safe but we can see our money online is not safe at all so we should keep it in our custody and try to learn about things that can be helpful I think we should keep our assets in hardware wallets yes that is not going to be easy to operate but I am sure if you want to do that you can do it because if you are away from the online world and I think you are secure up it more than if you are online. Earlier robbers used to visit the bank physically and rob the bank now they just have to sit in a room and within a few minutes the bank is being robbed and sometimes you can't even find a trace of where your money is.

Even if we are used to of Internet and online things there are a few things you can do if you are investing anywhere first thing don't invest all you are money in the same place even if you are investing in crypto or stocks then you should try to do that in different application and make sure that you are not keeping a huge amount of money in a particular exchange keep it diversify and maybe when exchange did get hacked but not everything hacked in a same day so you may lose your funds but not completely all. Try to keep your funds in Big exchanges like Binance because we have seen a huge hug in the past hacks but why this he was complete so did so they did overcome with that hack very easily without even having any trouble. So if you are keeping your assets or money in Big exchanges the chances of losing your money are very low because they do have a lot of liquidity I am sure there must be several security measures to keep your fund secure and I am sure of that if they haven't then they might enter using their money too but we have and seen any big hacks from here from my net so I think it is much secure than others.

Thanks for your support love and encouragement see you tomorrow till then take care.

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