How to Solve the Spate of Cryptocurrency Thefts

[darylalban]

https://blocktv.com/watch/2019-05-14/5cdadbe440cb1-how-to-solve-the-spate-of-cryptocurrency-thefts?utm_content=91740870&utm_medium=social&utm_source=twitter&hss_channel=tw-3972254294

This interview couldn't have came at a better time especially with the recent Binance hack. Dave Jevans is the CEO of Ciphertrace which reports on AML for crypto and I feel that his advice is important to learn for all of us.

[jjbanks994]

How would 3FA work? Would this be on the exchange or on the user?

[turkandjaydee]

What Im wondering right now is how to prevent an exchange from being hacked by themselves?

It will help a lot of people from a new method of scam for sure 

[Pumared]

What Im wondering right now is how to prevent an exchange from being hacked by themselves?

It will help a lot of people from a new method of scam for sure 

But how would it be a fraud if they resent users? In this scenario I see no fraud. But if there was literally a theft, without compensation, I am the first to say it was a fraud.

[Erickan]

What Im wondering right now is how to prevent an exchange from being hacked by themselves?

It will help a lot of people from a new method of scam for sure 

That is the risk that traders must bear when entering the crypto market, if there is no accurate report from the investigating police. The main culprit can be exchange, this is the least expected scenario. so it is best not to put too much money on exchange, protect your assets yourself.