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Beware of Cryptocurrency Hacks

on 4/10/2018

Cryptocurrency is all the rage. Money you can’t see? Online accounts that aren’t regulated by big banks or even the feds? It has a futuristic feel, and anyone and everyone seems to be buying into the trend. 

Lots of those folks who are buying up bitcoins by the hundreds claim cryptocurrency investment is the ticket to a richer tomorrow, but security experts think otherwise. They’ve repeatedly warned that all cryptocurrency is extremely vulnerable and at risk of being hacked – and that includes yours. 

Is cryptocurrency the wave of the financial future, or is it really as risky as experts would have you think? 

Before making your decision, read on to arm yourself with all the information you’ll need about cryptocurrency hacks. 

How it works 

Cryptocurrencies are decentralized and unregulated. That means there is no single country or institution controlling Bitcoin, Ethereum or Litecoin. These currencies are, consequently, extremely volatile and vulnerable to risk. Since all cryptocurrency transactions are processed online, a hacker can simply break into crypto exchanges, drain people’s wallets and disappear without a trace. 

As you may expect, hackers have been following the meteoric rise of cryptocurrency and are eager to cash in on the prize. They’ve been systematically frauding the system for years, and have only gotten bolder over time. In the most recent major heist, hackers made off with an incredible $530 million in cryptocurrency from Coincheck, the leading Asian bitcoin exchange, this past January. 

And experts predict that it will get worse. 

An Ernst & Young report studied 372 preliminary coin offerings between 2015 and 2017 and found that more than 10% of the funds were stolen, amounting to as much as $1.5 million a month. 

It’s not only individuals who’ve been defrauded; the report shares that huge companies have lost several million dollars on hacked cryptocurrency. 

According to Chainalysis, a risk management software company for virtual currencies, more than 50% of these hacks occurred through phishing. 

In other instances, hackers have modified malware to redirect bitcoins to their own wallets during a trade or purchase. This scam is particularly nefarious because the hackers snag the victim’s exchange credentials and login information so they can gain complete control of the mark’s bitcoin wallets. 

By extension, this means the hackers have also accessed the victim’s credit card information and can do untold damage to their credit score while racking up huge bills in the victim’s name. 

Any way you slice it, cryptocurrency hacks pose a major risk to all investors and users. 

Who’s paying? 

Nearly 20% of bitcoin investors purchase their cryptocurrency using a credit card – and almost 25% of them cannot pay off their credit card balance after making this purchase. 

Some credit card companies are ready to throw in the towel on cryptocurrency. They’ve had their fair share of headaches caused by cryptocurrency hacks aimed at their cardholders, including disputed charges, fraudulent transactions and the inability to pay for large purchases. 

Earlier this year, many major credit card companies, including Discover and Capital One, announced they will no longer allow cardholders to purchase cryptocurrencies using their credit cards due to the high level of risk and potential fraud associated with such transactions. 

Lots of financial institutions have followed suit with similar announcements, claiming the increased volatility poses a loss to the institution, which may be forced to pick up the pieces for their member if a cryptocurrency investment or purchase is hacked. 

Are cryptocurrency exchanges government-regulated? 

The short answer is no. The very attraction of bitcoins and Ethereum is that they are decentralized, answering to no institution or government. 

A little digging reveals that some foreign countries, like China, are actually taking stronger approaches toward protecting their citizens from cryptocurrency fraud and are coming down hard on all scammers and hackers. 

For the average U.S. citizen, though, when it comes to cryptocurrency, you’re on your own. 

Protecting yourself 

Cryptocurrency transactions pose an extra risk by being absolutely final. There’s no way to cancel a cryptocurrency payment, back out on a purchase or secure an anti-fraud guarantee from a reputable financial institution. In case of fraud, you may be able to trace the computer that was used for robbing you, but it’s nearly impossible to identify the scammers that took off with your money. 

In other words, by using cryptocurrency, you’re putting yourself at significant risk. There’s no one protecting you and no way to undo the damage once you’ve made a payment that’s been hacked. 

The only thing you can do is take proactive steps to be as careful as possible when engaging in crypto-payments: 

1.) Stick to established, recognized exchanges, like Coinbase. 

Only use exchanges you’ve heard of, and only those that utilize two-factor authentication. 

2.) Don’t store too much digital currency online. 

It’s best to store your money as actual greenbacks in a brick-and-mortar financial institution. You can keep some cash in your wallet or even hoard it in a home safe, but be careful not to put too much in an online digital exchange. 

3.) Keep your OS and security software up-to-date. 

Always accept and install the most recent patches and updates when they become available. To ensure your system doesn’t fall behind, elect to have it update automatically.  

4.) Be wary of suspicious emails and links. 

Never share sensitive information over the internet, no matter how sincere or urgent an email or link may appear to be. Don’t download anything from an unverifiable source, and keep your spam settings working at their strongest capacity. 

Cryptocurrency may be the dollar bill of the future, but don’t fall prey to the many criminals who are counting on consumer naivety to make a quick buck. Use caution and be on guard to keep your money safe! 

Your Turn: Do you use or invest in cryptocurrencies? What precautions do you take against hacks? Share your own tips with us in the comments! 





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Jack the Guru
5/30/2020 11:31 PM an anonymous user.
Hello everyone, i want you to Improve your credit score by going for a perfect credit repairer who will improve your credit report and expunge all your negative items permanently. One of the fastest and safest way is to hire a professional credit score specialist who can lawfully and economically re-establish your credit score and remove negative items. I was able to employ (JACKCRAIGCREDITREPAIRER@GMAIL.COM) who helped me erase all bad items permanently. He was also able to remove damaging items like evictions ,school loans from my credit file! Right now I have an 826 Excellent score and all my debt have been paid off. You can also reach him on 6052529925, i bet you would also come back and testify.
You Do Need Great Credit
5/30/2020 10:35 AM an anonymous user.
So my credit score was a wash due to several discrepancies preventing me from moving on to bigger and better things.Through my rounds with youdoneedgreatcredit@gmail.com, all the bad credit was cleaned off my record improving my chances to own my first home. This is a good time to get your credit right and get back to a perfect life after the pandemic is over. You wonít be disappointed.
Credit Repairs
5/29/2020 6:25 PM rosy b. from orlando, FL
I saw all sort of recommended contacts but one really caught my attention which is this Arabian hacker Amir Khan So I contacted him ASAP the feedback was really shocking and that confirmed my suspicions and i found out he is a great Hacker on credit Repairs, be sure to get to him through WHATSAPP +1 (919) 346-4965) he would definitely help...
Hi
5/29/2020 6:23 PM maria j. from austin, AK
I found this hacker Amir Khan and spoke to him on Whatsapp +1 (919) 346-4965. when I was searching for unconventional ways to boost my credit score. I was nervous at first in giving him my job but I needed to boost my credit score urgently. I saw a lot of good comments about how good and professional he was. Fortunately, He boosted my score to 780 and I still can not believe how he got around it.
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5/29/2020 5:28 PM Casey P. from Miami, FL
My ex ruined my credit due to his incessant extravagant spending life style, I found myself in a big mess. I was devastated, I looked online and came across one Credit score expert , I contacted him and to my greatest surprise, my credit was increased within 1 week from 486 -810. I was so amazed and it didn't cost me too much really. I advice you to contact him on for all credit issues and removal of criminal records. You can reach him on : creditscorefix @ repairman DOT com or text (407) 479 7761
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5/28/2020 8:32 PM James K. from Miami, FL
I already had an eviction and several collections , It was obvious I was not going to get approved for anything at the time I was trying to build my business but everything was very difficult until my loan officer referred me to ďCYBER CRAWLERĒ .I decided to email him on hack.cybercrawler (AT) gmail DOT com . 1 week after I contacted them my scores were raised to (TU:790, EQ:795, EXP: 793). They added positive items on my credit and deleted all the negative items impacting my credit. You can also send him a text on (786) 567 3330
legit credit repair
5/26/2020 7:16 PM an anonymous user.
I found ALIENMAN.HACKER@GMAIL.COM when I was searching for unconventional ways to boost my credit score. I was nervous at first in giving him my job but I needed to boost my credit score urgently. I saw a lot of good comments about how good and professional he was. Fortunately, He boosted my score to 780 and I still can not believe how he got around it.
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5/26/2020 7:52 AM Mike H. from Miami, FL
I had three evictions late last year which i couldn't purchase an apartment for my family , i couldn't do this due to my low credit score so i decided to go on line and search for a good hacker for help and that was how i met this credit score expert for help ,his a very good person and he explained how the hack will be helpful to me and to my surprise he  increased my credit score to 800 excellent and deleted the eviction and charge offs on my credit report permanently . i just moved into my new apartment with my family and i have no regrets working with him. You can also reach him on his email at (creditscorefix@repairman.com) or send a text to (407) 479 7761
Great repairer
5/24/2020 12:49 AM an anonymous user.
If youíre looking for the best and dependant credit repair program with great benefits and education for financial freedom throughout your lifetime and your family the best solution is JACK CRAIG CREDIT REPAIR feel free to text him on his number 6052529925 or you can also mail him on JACKCRAIGCREDITREPAIRER at GMAIL dot COM he does a neat and permanent job.
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5/23/2020 6:40 PM Monica B. from Miami, FL
Just three weeks ago i had eviction on my credit and i began to search for solutions online until i came across a forum like this on google. I read a comment where the user, who refused to share his identity made mention of a hacker that saved his/her life. i contacted him via ďprivatehacker247 At Gmail Dot Com" and iím glad to say that i no longer have an eviction on my credit. He wiped the eviction among other negative listings from my report and increased my score up to 800 on all 3 bureaus.
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5/22/2020 5:42 PM Raechel H. from Miami, FL
Hey guys,
I would like to introduce you to hack.cybercrawler AT gmail DOT com , he helped fix my credit issues, removed all collections and increased my credit card limit to $35,000 all within one week. I never believed this could be possibly done but he proved me wrong by providing a good result which made me and my family happy....We are forever grateful to him for the excellent job he pulled out because we suffered a lot due to this low credit score. Reach out to him to get your credit fixed .
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5/19/2020 4:45 PM Edriona G. from Miami, FL
Having a low credit score can actually be a very tough experience. I met a hacker who helped me fix my report, he increased my credit score to 796 from 487 and deleted all the negative items on my credit. He is an expert in credit repair services , reliable and genuine.
You can also reach out to him if you need your credit fixed . You can contact him via his email : creditscorefix @ repairman DOT com
or text (407) 479 7761
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5/19/2020 5:49 AM Lilian S. from Miami, FL
Hey guys,
Are you tired of getting turned down by banks for the money you need, want to get the financial respect you deserve,
Its all in your credit score, that little 3 digit number that determines how much money you get and how much you pay a month.
Your credit score is more than just getting a loan it affects your car insurance premiums and it can even keep you from getting a job.
If you need a credit score expert that will boost your fico score , TransUnion ,Experian or Equifax to 800 you can contact : creditscorefix @ repairman DOT com
Excellent Credit Company
5/18/2020 9:02 PM Stewart E. from Boston, NY
I canít forget 760 Plus Credit Score in haste. My husband declared bankruptcy 3 years ago and we just found out the mobile home we live in was included. We couldnít get a mortgage until it is off our credit report. We have great references from our mortgage bank in writing. We couldnít do anything until after we encountered 760pluscreditscore@gmail.com / +1(304) -774 -5902 on a blog. Today we are in a house of our own, all negative items removed and score increased from 430 to 780. Thanks guys.
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5/18/2020 4:39 PM Julie S. from Miami, FL
My credit score bottomed out to 560 in 2011 , it started with a few missed mortgage payments on rentals and ended in bankruptcy.
I couldnít get a loan for a car a roof over my head. after I came across private hacker on a forum, I was amazed with his skills after he increased
My credit scores to 790 on all 3 bureaus and permanently removed the negative items impacting my credit within 2 weeks.
If you also need your credit repaired you can reach him on this email : privatehacker247 AT gmail DOT com
credit fix
5/17/2020 4:50 PM Janice C. from Miami, FL
My sincere appreciation goes to Steve, through his relentless efforts my credit score is now 790 from 542, He removed the hard inquiries and collections on my credit, Cleared the eviction and judgments on my report including auto loans and student loans are gone without a trace, just like they were never there. I highly recommend him for all jobs on credit repair. Get in touch with him on his email : creditscorefix AT repairman.com or text (407) 479 7761
credit fix
5/16/2020 4:35 PM Billy C. from Miami, FL
When I was applying for loans for my most recent investment property , my score was in the mid-600ís. I had four late payments, but the lenders actually looked at my report and refused me a loan. I explained this to my close friend who later introduced me to a credit repair specialist, whose hacking skills is the best I know. He helped clean my report , increased my score to 795 and erased all the negative items and all the late payment appeared as on time payments. I simply canít thank him enough. You can easily contact him via Email: sniffer AT hackermail DOT COM
credit fix
5/16/2020 10:19 AM Shila C. from Miami, FL
Good credit isnít just about paying your bills on time and keeping your credit card balances low, and outside-the-box hacks can boost your FICO score.
When I needed to buy a truck for my business ,the loan company refused giving me a loan.
While I was browsing on a particular website ,I read a comment about a credit expert who helped a lady get her credit score up to 800.
So I decided to give it a shot and to my greatest surprise my credit was increased to 795 on all bureaus within 1 week , He cleared all my negative items like collections, evictions , late payments etc. if you also need to repair your credit you can contact : creditscorefix @ repairman dot com
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5/14/2020 11:22 AM Wendy H. from Miami, FL
Do you know insurance companies think your credit score reflects the risks involved in insuring you. For me this is very important because insurance is expensive and with a bad credit score could increase my insurance premiums .So i always keep my hacker friend (privatehacker247@gmail.com) close. He removes late payments, evictions, school loan or any negative item you wish to remove from your credit report and boost your score to about 790 Ė 795, for an affordable amount. PHONE : (207) 689 0256
credit fix
5/13/2020 10:52 AM an anonymous user.
If you want to buy a new home, car or remove evictions, rental histories , student loan etc..
Don't hesitate to contact HACK . CYBERCRAWLER @ GMAIL. Dot com .They will help you fix your credit and you will be grateful you did.
You wonít believe that my credit score moved from low 400s to high 820 in less than 8 days. It works like magic but itís true.
Leno remains the best in the business.
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5/12/2020 4:35 PM Stacey G. from Miami, FL
I needed a loan to buy a home but I was not qualified for any type Of loan due to my low credit score that was 483,
So my friend referred me to a hacker that helped her fix her credit.
I contacted him and he removed all the negatives items on my credit and increased my score to 810.
This process took him 4 days to finish up and now I own my home .
If you need his services you can contact (HACK.CYBERCRAWLER at GMAIL dot com)
cryptocurrency scams
4/17/2020 8:08 AM cryptocurrency . from hyderabad, ID
Let us have a discussion some time with regards to <a href="https://www.firstoptionrecovery.com/cryptocurrency-scams">cryptocurrency scams</a>
Thank you
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4/6/2020 4:01 PM Lori C. from Miami, FL
I was in need of buying a house for my sick mum but my credit was in the poor 400ís ,
So I could not get approved for a loan . I tried so many credit companies but they kept taking
my money without doing anything. I reached out to my loan officer and he referred me
to this professional credit repair expert (PRIVATEHACKER247 at GMAIL dot COM) and he increased
My score to 800 on all 3. Bureaus and removed all negatives impacting my credit in 1 week.
Right now my mum is leaving happy in her new home . Thanks to Private hacker.
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2/27/2020 3:10 AM jackson r. from san francisco, CA
My score was in a bad state i tried different hackers all to no avail.
until i met this Russian hacker ARSHAVIN ALBERT and it was magical
how he moved my credit score from 420 to 750 for best results contact
him on whats app:+19852410059 Gmail: arshavinalberthack at gmail dot com.


9/7/2019 1:11 PM an anonymous user.
Hello

I have come across your website https://www.sharoncu.com/resources-and-tools/financial-education/blog-home/cryptocurrency-hacks whilst doing some work for a few of my clients who operate in the same industry as you.

I would like to use this as an opportunity to introduce our B2B lead generation services.

Creative Bear Tech is a B2B lead generation company based in Latvia and has offices in Lithuania, Estonia and the UK. We provide off-the-shelf B2B marketing lists and also do custom business contact detail scraping. If you are relatively computer savvy, we also provide our search engine scraper that you can use to scrape your own B2B marketing lists.

We mostly work with businesses that operate at a wholesale level by providing them with scraped B2B marketing lists of their target clients. For example, we would provide a jewellery wholesaler with a list of all the jewellery stores in the world so that they could promote and sell their products to all jewellery stores. To put it very simply, we connect the dots between businesses.

Here are a few links that you may find helpful:

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Search Engine Scraper and Email Extractor by Creative Bear Tech: https://creativebeartech.com/product/search-engine-scraper-and-email-extractor-by-creative-bear-tech/

I thank you for your time and look forward to working with you!

Best wishes
SEO
2/9/2019 12:55 AM Victoria T. from Florida, FL
It's difficult to buy Bitcoin with PayPal because most conventional exchanges don't accept PayPal because:

Bitcoin is non-repudiatory and PayPal is not. This means that if I sell you my Bitcoin for PayPal, and you decide to lie that you didn't get the Bitcoins I sent you for the money you sent me via PayPal, you initiate a Chargeback , PayPal reverses that transaction but I can't reverse my Bitcoin transaction so I'm left holding the bag - you get to keep the money in your PayPal account and the Bitcoins I sent you.
Using PayPal to buy/sell Bitcoin violates PayPals terms and conditions so if I sell you my Bitcoin for PayPal, I risk getting getting my account closed or my funds frozen.

It's therefore easier for these exchanges to stop accepting PayPal.


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