Buying crypto? Watch out for these 100 problems @ AskWoody

Buying crypto? Watch out for these 100 problems

Posted on June 7, 2021 at 02:45 CDT by B. Livingston • Comment in the Forums

ISSUE 18.21 • 2021-06-07

PUBLIC DEFENDER

By Brian Livingston

People in the tech industry tend to find cryptocurrency very attractive as a concept. After all, crypto coins are totally digital — there are no paper bills or metallic coins to handle — and you can transfer these “digicoins” to anyone in the world, instantly (in theory).

The reality is that digital money is prey to all kinds of hacks and cons. Many people have lost their life savings because they converted their hard currency into crypto and got hacked. Bad actors used one security flaw or another to transfer the victims’ funds to themselves.

Read the full story in the AskWoody Plus Newsletter 18.21.0 (2021-06-07).
This story also appears in the AskWoody Free Newsletter 18.21.F (2021-06-07).

AskWoody FREE Newsletter, AskWoody Plus Newsletter, Public Defender AskWoody Plus Newsletter, Cryptocurrency, Public Defender

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Buying crypto? Watch out for these 100 problems

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