How does BTC/ETH/Crypto work? Is it a scam/doomed to fail?
Discuss the legitimacy here.
Something that seems have been glossed over in the crypto news cycle is the fact that one of the feds cold wallets was hacked and the assets stolen. They have begun to be sold off and washed thru various means.
To me, cold storage hacking is the most substantial news this cycle.
Can you provide a link? I haven’t read about this and can’t find anything.
This is a beautiful open letter for Microsoft board memebers.
The word "cold" does not appear on the page.
The data obtained by Arkham Intelligence indicate that the stolen funds were mainly withdrawn in stablecoins
Sounds like a custodial wallet or account of some kind.
I think a more proper definition is "government incompetence wallet" rather than "cold wallet"
that is NOT how a cold wallet works... I hope you realize that having a wallet, cold or hot, does NOT mean that the assets are being downloaded to that device. it is code, and code can be hacked at any time.
you can keep your 100 btc in your ledger for as long as you want, if I can figure out your seed phrase... I get your btc.
The bears must be in hibernation.
that is NOT how a cold wallet works... I hope you realize that having a wallet, cold or hot, does NOT mean that the assets are being downloaded to that device. it is code, and code can be hacked at any time.
you can keep your 100 btc in your ledger for as long as you want, if I can figure out your seed phrase... I get your btc.
I know how it works. You can't hack a cold wallet. Hot wallets are online. If someone gets your seed phrase then of course they can take your wallet.
