People really, really, REALLY want our Bitcoin and other cryptos -- they are attacking the big boys in the crypto world to get in position!
Coinmarketcap, like CoinGecko, is many people’s go-to spot for information about all the cryptos in the market. A lot of people use their wallets to get addresses from the site — so, somebody wrote some code to imitate that process and managed to drain people’s crypto using their everyday behavior.
The hack didn’t last long; Coinmarketcap got on top of things fast, and so this didn’t make big news. But it is important that we know it occurred so that as we progress into the rest of the bull run, it will first help us to be as careful as we possibly can, and also to understand that the later into the cycle we get and the more Bitcoin is bought up by institutions, the more people will want what we have.
This story made me rethink Hive too, and how frustrated many of us are that folk just don't get it even more than they don't get Bitcoin ... but on the other hand, it is probably a good thing that not everyone understands that we are already positioned in both Bitcoin and Hive.
Imagine 2026, after the present market tops out and some of the consequences of global financial foolery has led to bad outcomes for a lot of people ... imagine 2030 and beyond, when another crypto cycle going by has caused a further difference in the outcomes of those who got an understanding of what Bitcoin and Hive can do and those who didn't. Unfortunately, human nature being what it is, incidents like what happened with Coinmarketcap are likely to become more common, not less. The good thing is, we can use events like this to know and get prepared now. Forewarned is forearmed!
