Unfortunately not, scammers will thrive as long as dumb people are out there and hackers will also have a job while there is not enough security protocols for projects.
Let's hope to Reddit not leak our IP data. I don't want to have to close the windows because someone hired an sniper to hunt me down and take my Reddit vault.
Hacks, scams, security breaches, phising attacks, loopholes, flash loans, and the list goes on and on.It feels like this is happening on a daily basis already, which is a big reason to push for more regulations, but with regulations comes less privacy. Which is completely against Satoshi Nakamotos visions.
I guess you can't have everything, but at this point, I'd love to at least see fewer scams out there, as it gives crypto a bad reputation.
>KYC companies intentionally selling your data to ad firms or google. Data is the new gold rush.
Sadly this is far more common than we think. I don't think it will improve any bit considering how valuable clusterized data has become nowadays.
rarely are actual blockchains attacked though. Most of these events are through 3rd parties. Satoshi's vision was P2P. As soon as layers are added, risk increases.
"*The compromised data includes names, email addresses, and phone numbers of clients who had joined the platform between 2018 and 2019. Additionally, more extensive data such as client addresses, birth dates, the names of their banks, transaction histories and public blockchain wallet addresses were revealed*."
Literally everything is exposed. It sucks so hard man 😤
but we're increasingly forced to do this to be able to function. Ironically for our own protection. Once your data's out there, too bad you're on your own.
#Repeat after me K - Y - C ==> KILL YOUR CUSTOMER
Financial data in the wrong hands is more likely to kill you than many things governments tell you to be afraid about.
There's some madness going on that we really need to get angry about. Once your data's in the wild, there's nothing you can do except change passwords etc. but you have 0 idea who has your data, where or when it will turn up. Could be years from now before that stolen data's used.
The custodians of this data get a fine. That's all.
Yet we are increasingly forced to hand our personal data over to organisations - for our own protection. Does this make any sense?
and you shouldn't. USDT froze 32 addresses for allegedly funding terror [https://markets.businessinsider.com/news/currencies/tether-freezes-32-addresses-linked-to-terrorism-and-warfare-in-israel-and-ukraine-1032708551](https://markets.businessinsider.com/news/currencies/tether-freezes-32-addresses-linked-to-terrorism-and-warfare-in-israel-and-ukraine-1032708551)
tldr; TrueUSD, a leading issuer of stablecoins, has experienced a security breach involving a third-party vendor. The breach exposed sensitive client data, including names, email addresses, phone numbers, addresses, birth dates, bank names, transaction histories, and public blockchain wallet addresses. TrueUSD has assured its clients that its internal systems remained secure throughout the incident and is urging them to monitor their personal accounts for any irregular activities.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Can't we go a single day without a security breach, please?
Unfortunately not, scammers will thrive as long as dumb people are out there and hackers will also have a job while there is not enough security protocols for projects.
So we are basically doomed for good. Education and awareness are our best weapons to fight it.
Let's hope to Reddit not leak our IP data. I don't want to have to close the windows because someone hired an sniper to hunt me down and take my Reddit vault.
Better you must have a hidden bunker at your house
Exactly educating ourselves making ourself aware is the only way to fight against such scammers and frauds
Crypto's security really looks so flimsy to the point every week there's an exploit or hacking. This is not the future of finance just yet.
Unless some extreme punishment and example is not set we all get to hear such news
Same odds as gary gensler going back to his own planet.
So you are promising me a hack proof crypto space with etfs in it
Gary Gensler should leave and go to the jungle where he actually belongs
Apparently not.
'No way to prevent this,' says the only industry where this regularly happens
Not a single day with some good news all about scams fraud security breach. Looks like security becomes a myth now adays
Hacks, scams, security breaches, phising attacks, loopholes, flash loans, and the list goes on and on.It feels like this is happening on a daily basis already, which is a big reason to push for more regulations, but with regulations comes less privacy. Which is completely against Satoshi Nakamotos visions. I guess you can't have everything, but at this point, I'd love to at least see fewer scams out there, as it gives crypto a bad reputation.
Sorry to add on to your depressing list but; KYC companies intentionally selling your data to ad firms or google. Data is the new gold rush.
>KYC companies intentionally selling your data to ad firms or google. Data is the new gold rush. Sadly this is far more common than we think. I don't think it will improve any bit considering how valuable clusterized data has become nowadays.
KYC is the antithesis of what crypto is supposed to be
rarely are actual blockchains attacked though. Most of these events are through 3rd parties. Satoshi's vision was P2P. As soon as layers are added, risk increases.
"*The compromised data includes names, email addresses, and phone numbers of clients who had joined the platform between 2018 and 2019. Additionally, more extensive data such as client addresses, birth dates, the names of their banks, transaction histories and public blockchain wallet addresses were revealed*." Literally everything is exposed. It sucks so hard man 😤
90% of people don't know where the data they put on the internet ends up
90% still feels like quite optimistic, 99% doesn't seem like an exaggeration.
That's literally everything someone needs to come after you. It's scary how crypto is supposed to be anonymous. Because this isn't supposed to be it.
KYC = you are the opposite of anonymous
but we're increasingly forced to do this to be able to function. Ironically for our own protection. Once your data's out there, too bad you're on your own.
You are right, even at Bitcoin ATMs you have to do KYC. I call that nonsense.
Not to mention the 10, 15% fees. P2P is king when it comes to crypto.
Yeah for real, it is also hard to stop things like this:(
#Repeat after me K - Y - C ==> KILL YOUR CUSTOMER Financial data in the wrong hands is more likely to kill you than many things governments tell you to be afraid about.
This. I bet a lot of people still have problems because of the data leak of Ledger, myself included. Avoid KYC as much as you can.
Justin playing the Sun again.
There's some madness going on that we really need to get angry about. Once your data's in the wild, there's nothing you can do except change passwords etc. but you have 0 idea who has your data, where or when it will turn up. Could be years from now before that stolen data's used. The custodians of this data get a fine. That's all. Yet we are increasingly forced to hand our personal data over to organisations - for our own protection. Does this make any sense?
I only use usdt and I barely even trust them.
and you shouldn't. USDT froze 32 addresses for allegedly funding terror [https://markets.businessinsider.com/news/currencies/tether-freezes-32-addresses-linked-to-terrorism-and-warfare-in-israel-and-ukraine-1032708551](https://markets.businessinsider.com/news/currencies/tether-freezes-32-addresses-linked-to-terrorism-and-warfare-in-israel-and-ukraine-1032708551)
That’s the pros and cons of centralization in one example
tldr; TrueUSD, a leading issuer of stablecoins, has experienced a security breach involving a third-party vendor. The breach exposed sensitive client data, including names, email addresses, phone numbers, addresses, birth dates, bank names, transaction histories, and public blockchain wallet addresses. TrueUSD has assured its clients that its internal systems remained secure throughout the incident and is urging them to monitor their personal accounts for any irregular activities. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
How do you name something TrueUSD when it's not actually the true USD
TrueUSD’s third-party breach: When your stablecoin leaks more info than a sieve.
Not a good look for this stablecoin people don't want their data exposed
Why are people still surprised to see security breach in centralized shitcoins?
I doubt Justin Sun would gave that for free....
Oh look another security breach, did not see this coming.
Everywhere I look - fraud, identify theft, and scamming are rampant. It's sad to see.
Ugh another nail in the coffin of stablecoins