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Hi Team I’ve been monitoring the last 12 hours and the thieves have drained it appears all FTX accounts. In full disclosure I had a small balance yesterday it’s gone.

In an abundance of caution I went to the FTX website logged in and saw it was empty. I knew there was a risk immediately afterwards I reset my computer to reinstall the operating system.

Apparently the risk is on mobile and be very careful do not use your mobile application, do not download any updates and if you have to use a secure desktop and be prepared to reinstall OS.

I use Mac w security keys.

Rumor also has it Sam Bankman Fried is on a private jet on his way to Argentina. His parents are professors andcompliance attorneys at Stanford University and they are forever disgraced. It’s also rumored that his mother is Hillary Clinton’s attorney or was at least was at some stage.

These people did an incredible wrong and they will never feel safe as long as they live and they’ll never be able to not always be looking behind their back. Their life is over.

I still believe in crypto but I believe a lot more in real estate and equities. I have not sold anything but I’m also going to wait for this to blow over before I do anything. There are still more shoes to drop and if anybody has any crypto on any exchange get it off now.

Comments

Anonymous

Coinbase put out an email touting their strength and stability, how they abide by protocols and never use their customer's assets. I have about half of my crypto in their vault, per James, this is not safe...is that really the case???

Anonymous

Yes, your assets on Coinbase are not safe. Learn the lesson from voyager, Celsius, blockfi and FTX. Not your keys, not your coins. Spend 50-100 bucks and buy a trezor, blockstream jade or ledger nano x. Trust no one.

Anonymous

Is cash ok on a CEX? Are we just talking crypto?

Anonymous

Ok, gonna do it, Coinbase makes me wait 48 hours though to get it out of the vault...a lot can happen in the meantime. Seems like a self-fulfilling prophecy if everyone goes cold storage.

Anonymous

I have encountered my own issues with hold times post-ACH, as InfiniteJest stated. This started me wondering about trading when in cold storage. I understand the security advantages of storing keys on hardware wallets like Trezor, etc. What happens when BTC, for example, makes a run and you want to place an order (or have limit order execute) before the nose-dive occurs because everyone's selling? How do you deal with network load (assumed) issues re: exchanges, etc. Seems like a real disadvantage when in cold storage, unless maybe using the wallet's built-in exchange? In short, how to ensure optimal balance re: liquidity and security, so you don't miss out on gains?