RATE Group | Crypto SIM Hack: Somber Reminder To Never Invest More Than You Can Afford to Lose
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Crypto SIM Hack: Somber Reminder To Never Invest More Than You Can Afford to Lose

26 Oct Crypto SIM Hack: Somber Reminder To Never Invest More Than You Can Afford to Lose

Posted at 11:57h in Bitcoin News by

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The crypto market is a volatile market, and the emerging class of digital assets can both make millionaires overnight and completely wipe out one’s wealth in days.

It’s also a wild west environment, rife with scammers, hackers, and more at every turn. A recent SIM-card hack resulting in a substantial amount of crypto being stolen, is the perfect reminder to enter invest more than you can afford to lose when it comes to the world of Bitcoin and cryptocurrency.

SIM-Card Hack Victim Loses $1.8 Million Made From Home Sale

California native Seth Shapiro recently sold his family home where he and his wife resided, and took that money and invested it into cryptocurrencies like Bitcoin and Ethereum.

Related Reading | Send Bitcoin and Other Crypto To Uncensorable, Personalized Domain Addresses 

The bold move had the potential to make him a fortune, but also put the proceeds of his home sale at serious risk if the market took a downturn and values of leading crypto assets began to plummet…

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