Bitcoin Forum

Danger is very close to us, good operating habits are safeguards
Crypto exchanges are hackable and this is a proof
https://cointelegraph.com/news/japan-coincheck-exchange-freezes-all-withdrawals-as-up-to-723-mln-leaves-its-wallet
If you are seriously interested in crypto, you should have hardware wallet.
DO NOT BUY hardware wallet from Ebay, amazon, etc...
Buy it directly from the site. I will find tomorrow best hardware wallets and share with you. I have Ledger Nano S and everyone should have one because it is not smart to hold all money on exchanges especially on 1 exchange.
Japan: Coincheck Exchange Freezes All Withdrawals As Up To $723 Mln Leaves Its Wallet
Coincheck crypto exchange appears to have encountered problems after a freeze on NEM operations spread to all other currencies.

If people have stick to the basic rule of not keeping your funds on exchange sites, all of this would not happen I wonder the amount of people who would have been in sorrow because of the ineptitude of some people in charge of ensuring the security of their funds. Advising people to get an hardware wallet is like beating a dead horse because those who will buy have already done that while those who wouldn't will hope they don't fall victim until they do.

Yes, too many people think that a simple purse is safe, perhaps. In the absence of problems

I mean I think it's less of people thinking it's safe and more of people just simply wanting to have the convenience of an exchange and not wanting to get involved with buying an HD wallet, or using many wallets, and handling all of the TX fees that are incurred with all of this.

But people will learn that convenience isn't worth it when they're losing money, but they have to lose some cash to see this - it's a tough lesson.

Yes, this NEM hack is the greates hack ever I have heard. What I can't understand how NEM can actually rally on the news of this hack...