09 - How do I keep my crypto secure?

<p>In this episode, hosts Tracey, Craig and Blake discuss scams, hacks and other security issues facing the crypto industry. We start off discussing the most infamous exchange hack in history - the 2014 hack of Mt Gox that saw 850,000 BTC stolen. Although some work is being done to recover them, to this day the coins remain missing.</p><br><p>The event led to the saying "Not your keys, not your coins", insinuating that leaving your Bitcoin on an exchange means you don't have full control over them. These days, exchange hacks are becoming less common, but it's still important to keep most of your crypto in a personal wallet and never share your private keys or recovery phrase.</p><br><p>Tracey touches on the recent hack that saw thousands of email addresses stolen from major crypto wallet company Ledger, leading to a spate of phishing emails sent to many hard wallet owners. Fortunately, no actual crypto wallets were compromised in the hack, but nonetheless, it resulted in a significant fallout for the company.</p><br><p>These days, most crypto companies like Bamboo use institutional-grade custody providers like Fireblocks. Custody providers hold a large amount of cryptocurrency in safe storage so that, in the event of a theft, crypto companies can reimburse their customers.</p><br><p>We finish off by discussing other important security measures that all crypto users should practice. These include: using a safe password storage app like LastPass, ensuring you always have 2-Factor Authentication (2FA) enabled, and checking the URL of crypto websites to avoid getting caught out by spoofs.</p><br><p>****</p><p>Follow Crypto Curious on Instagram, or send the team an email with all of your thoughts here.&nbsp;</p><p>Want to start your investing journey? Download the Bamboo app and use code 'CURIOUS' for $10 in Ethereum when you sign up.&nbsp;</p><p>For more content around crypto and what's going on head to:&nbsp;<a href="http://www.getbamboo.io/blog" rel="noopener noreferrer" target="_blank">www.getbamboo.io/blog</a>.&n