Cryptos can be gained and be lost in seconds. Are you ready to lose yours?
I was reading this article about how 300 million dollars of crypto was lost due a bug. Here is a sample of the article below from the Guardian.
“More than $300m of cryptocurrency has been lost after a series of bugs in a popular digital wallet service led one curious developer to accidentally take control of and then lock up the funds, according to reports.
Unlike most cryptocurrency hacks, however, the money wasn’t deliberately taken: it was effectively destroyed by accident. The lost money was in the form of Ether, the trad-able currency that fuels the Ethereum distributed app platform, and was kept in digital multi-signature wallets built by a developer called Parity. These wallets require more than one user to enter their key before funds can be transferred.
On Tuesday Parity revealed that, while fixing a bug that let hackers steal $32m out of few multi-signature wallets, it had inadvertently left a second flaw in its systems that allowed one user to become the sole owner of every single multi-signature wallet.” you can read the full on the bug.
What would you do if you lost that much of money?
Well, I can tell you that this is not something that you want experience. Even if it was just 1% percent of that.
How secure is your Crypto Wallet?
Before you purchase any cryptocurrency, you want to make sure that the wallet that you plan to store you digital key is safe and secure.
Will the online storage or offline storage (known as cold storage).
Offline storage can be the surest way to protect against thefts, virus, bugs and any possibility of loosing your crypto due to hacks by thieves that are waiting to still your hard earned money.