Today,
he runs Wallet Hacks and shares what he's learned about personal finance, business, investing, and wealth.
Not exact matches
Don't use online
wallet or exchange to store your valuable coins because an exchange can get
hacked anytime or in the worst case scenario, your exchange may
run away with your coins.
Jim Wang is the founder of
Wallet Hacks, and before that he
ran Bargaineering, which he sold for $ 3,000,000.
Coins held in an exchange are effectively stored in one big
wallet, and unlike a normal bank or stock exchange, there is no insurance or regulation to ensure you don't lose your money if the exchange gets
hacked or
runs out of money.
Ars Technica has
run down some of the most notable Bitcoin
hacks and frauds over recent years, from massive
hacks and Ponzi schemes to Bitcoin
wallet services that have mysteriously vanished with all their customers» Bitcoin after being «
hacked».