Be Secure 🔒

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Be Secure

When choosing a platform to invest in cryptocurrency, it’s important to consider how secure the platform is. If the platform isn’t secure, it could mean losing your investments. On Saturday, crypto trading platform BitMart said hackers stole $196 million from them.

BitMart described the hack as “a large-scale security breach” in which hackers removed around $150 million in assets. But according to Peck Shield, a blockchain security firm, the damage is closer to $200 million. Have you ever fallen victim to a cryptocurrency hack or scam?

Binance coin, SafeMoon, and Shiba Inu were among the over 20 tokens stolen by the hackers. All withdrawals have been temporarily halted until further notice, according to BitMart, who also stated that a full security examination is ongoing. It is still unknown how the hackers pulled off the heist.

This is the latest in a string of recent data breaches, emphasizing the importance of investing on a secure crypto platform.

In August, a hacker stole over $600 million in coins from the cryptocurrency network Poly Network. Surprisingly, the assailant later returned almost all the money. And last week, the crypto lender Celsius Network acknowledged losing money due to the $120 million hack of the decentralized financial platform BadgerDAO.

With all the crypto heists occurring, choosing a secure platform like Invstr is more important than ever!

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

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Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community. The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results. Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such. Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.