Anas Jawish’s Post

With cryptocurrency in a will or trust, the most important consideration in estate planning is where the key is secured! Online locations are prone to hacks, and storing the key in a physical location creates its own risks. It is important to store the parts of a multi-part key in different locations, so that even if one is stolen, the funds are safe. On the other hand, it is essential that your fiduciaries know how to locate the key(s) to access the funds if something happens to you. #EstatePlanningTips #DigitalAssetManagement #CryptoSecurity #CryptoAssets #CryptoInheritance

With cryptocurrency in a will or trust, the most important consideration in estate planning is where the key is secured! Online locations are prone to hacks, and storing the key in a physical location creates its own risks. It is important to store the parts of a multi-part key in different locations, so that even if one is stolen, the funds are safe. On the other hand, it is essential that your fiduciaries know how to locate the key(s) to access the funds if something happens to you. #EstatePlanningTips #DigitalAssetManagement #CryptoSecurity #CryptoAssets #CryptoInheritance

#CyberIncidents In a significant cyberattack, cryptocurrency exchange M2 reported a theft of $13.7 million in digital assets, including Bitcoin Inc., Ethereum, and Solana Foundation. Following the incident, M2 assured customers that the situation had been fully resolved and all stolen funds had been restored, emphasizing their commitment to safeguarding user interests. This latest breach highlights the escalating threat of cybercrime in the cryptocurrency sector, which has seen losses of nearly $19 billion from hacking incidents over the past 13 years. Read More: https://lnkd.in/gUcjfHQR #M2 #Bitcoin #Ethereum #Solana #Crypto

#CyberNews In November 2024, cryptocurrency hackers stole over $71 million in digital assets, pushing the total amount of crypto stolen this year to a staggering $1.48 billion, according to an Immunefi report. Despite a 15% decrease in losses compared to 2023, which saw over $1.75 billion stolen, the ongoing threats to the crypto ecosystem remain a significant concern. The rise in decentralized finance (DeFi) and increased total value locked (TVL) has made the industry even more appealing to hackers, with vulnerabilities being exploited across various platforms. Read More: https://lnkd.in/dytfUTnh #Crypto #Hacks #DeFi

Our latest article looks at the evolution of auditing cryptocurrency holdings. 📚 Why Does It Matter? >As cryptocurrencies become more integrated into global financial systems, robust auditing practices are essential to meet evolving regulatory standards. >Audits help safeguard against cyber threats and fraud, protecting investors and maintaining the integrity of digital transactions. >Thorough and transparent audits build trust among investors and institutions, fostering broader adoption and stability in the cryptocurrency market. 🧠 By staying informed, accountants can navigate the complexities of digital assets and contribute to a more secure and compliant ecosystem. Your thoughts and feedback are always welcome! #CryptoAuditing #Blockchain #Cryptocurrency #Audit #Finance #Regulation #Technology #Education #Innovation #BlockWise

Hot vs. Cold Wallets: Which One Should You Choose? 🔥❄️ When it comes to securing your crypto, knowing the difference between hot and cold wallets is key! 🔑 🔴 Hot Wallets: Quick access, ideal for active traders, but more vulnerable to hacking. 🟣 Cold Wallets: Super secure, offline storage for long-term holding, but less convenient for frequent transactions. The best strategy? A hybrid approach—keep a small amount in a hot wallet for trading, and store the rest in a cold wallet for maximum security! 🔒 Which wallet do you trust with your crypto? Let us know! 👇 #CryptoWallet #CryptoSecurity #HotVsCold #Bitcoin #Ethereum #CryptoStorage #SecureYourAssets #CryptoTips #HODL

Cryptocurrency exchange WazirX experienced a major security breach on July 18, resulting in withdrawals of approximately $234.9 Mn during the early European hours👇 The security breach impacted one of its wallets Safe Multisig on the Ethereum network, resulting in the loss of user funds. As per cybersecurity firm Cyvers, approximately $234.9 Mn from the Safe Multisig wallet was transferred to a new address, with each transaction being funded by Tornado Cash. It added, that the suspicious address has already swapped $PEPE (Pepe), $GALA (Gala), and $USDT (Tether) to $ETH (Ether). 🔗 To read more in detail, click here: https://lnkd.in/gaR7j3Vz #WazirX #cryptocurrency #news #security

Have you considered how a hardware wallet can serve as your personal vault, safeguarding your digital assets from online threats? By storing your private keys offline, you create a barrier that significantly reduces the risk of hacking and phishing attacks, ensuring that your investments remain secure. Additionally, embracing a hardware wallet can instill a disciplined approach to managing your cryptocurrencies, as it encourages careful transaction practices and a deeper understanding of your financial landscape. #Crypto #Cryptocurrency #CryptoInvesting #CryptoTrading #Blockchain #Bitcoin #Ethereum #DeFi Supercharge your management processes with AI-powered precision! – https://lnkd.in/eBTzZSsZ

Japanese crypto exchange, DMM Bitcoin, reportedly had lost about 4,502 Bitcoin (BTC), equal to US$308 million, after being illegally leaked from its wallet on Friday. (05/31) Although DMM Bitcoin has not yet provided details about the hack, the CEO of Tokocrypto, Yudhono Rawis, perceived multiple possibilities. According to him, the most common issue is hacking DMM Bitcoin hot wallets, whereby hackers can access and transfer substantial amounts of Bitcoin. The connection between hot wallets and the internet is more vulnerable to attacks than cold wallets stored online. Read more at https://buff.ly/3yN0fIV #news #LatestNews #DMM #Bitcoin #crypto #heaptalk #hacked