Bitcoin Account Holder Loses $100K Over Public Wireless Network

[o_e_l_e_o]

That is why i never use public wireless networks. I only use my own internet like 3g or at my home. I never use any other wifi connection just because of this problem.

This is the safest course of action, not just for crypto, but for your entire life (emails, social media, banking, etc). Public WiFis are unsecure and it is notoriously easy to compromise any data being sent through one. Using your phone's mobile data to set up a private wifi hotspot is safer if you absolutely must, but I only trade crypto on my home WiFi - no deal, no price, no dip is worth the risk of losing that much money.

Also, if this story is true, why did he spend €100,000 on bitcoin but didn't spend €100 on a hardware wallet?

[Hamphser]

An unidentified 36-year-old man who owns has lost over $117,000 in Bitcoins while he was logged in on a public wireless network.. An unidentified 36-year-old man who owns a Bitcoin account has lost more than 100,000 euros ($117,000) worth of Bitcoins while he was logged in on a public wireless network in a restaurant in Vienna, Austria.. The Austrian police, however, claimed that they are still investigating whether the victim’s account was already hacked before he opened his account on the unsecured network, CBS reports.

https://cointelegraph.com/news/bitcoin-account-holder-loses-100k-over-public-wireless-network

No matter how he would tell those authorities regarding on his lost bitcoins it cant be reverted or take it back.This is the risk when you carelessly logged in on Public wireless network on which this is really prone to hacks since anyone can possible deep in and can survielance on the possible informations that being inputted while you are logged in into the network.Hackers can anytime go into your account once they do have the credentials or the informations needed on such access. This is why we should be always aware.