Rising Security Risks: Exercise Caution With Cold and Hot Wallets

Investors should exercise caution when it comes to using cold or hot wallets, especially when discussing instructions or entering information into them. The advancement of technology has made it easier for scams and hackers to drain funds. Recent reports suggest that artificial intelligence (AI) can assist hackers in stealing from victims' wallets. Google's Bard is also capable of identifying smart contract bugs that criminals can exploit to steal crypto or money. An example of this is the recent case of Alphapo, where they lost over $23 million worth of crypto assets from their hot wallets. PeckShield, a blockchain security firm, provided details of the stolen funds, including various cryptocurrencies such as USDT, USDC, FTN, TFL, ETH, and DAI. It is important for investors to be aware of common crypto scams and to verify information independently before making decisions based on it. Read more AI-generated news on: https://app.chaingpt.org/news