12.6 C
Amsterdam
2 October 2022
PumpMoonshot
Image default
News

Nouriel Roubini Says There Is ‘Zero Security’ in Cryptocurrency Land


Rampant crime is the main reason why Nouriel Roubini prefers using a credit card over Bitcoin

Notorious Bitcoin hater Nouriel Roubini has just had another cryptocurrency-related meltdown on Twitter, claiming that crypto offers zero security.

Dr. Doom is convinced that ‘billions’ are stolen by crypto scammers and thieves on a daily basis.    image by @Nouriel

Losing life savings to thieves  

Roubini’s tweet came in response to a viral video posted by entrepreneur and podcast host Eric Savics who has lost all of his life savings due to a phishing attack.      

Savics was unfortunate enough to download a bogus Google Chrome for the KeepKey hardware wallet. Back in May, U.Today reported about a similar scam that was targeting Ledger users. 

He had managed to collect over $113,000 worth of BTC over seven years but lost everything in minutes after entering his seed phrase.   

Savics’s stash is most likely lost forever since Bitcoin payments are irreversible, which is why Roubini chooses to use credit cards.  

News Source



Related posts

XRP Network Shows Strange Activity Explosion, With Number of Unique Addresses Reaching Max in 2.5 Years

PumpMoonshot

Ethereum 2.0 Is Set For Launch Today – ETH 2.0 Staking Comes To Coinbase

PumpMoonshot

Uniswap (UNI) Futures on Binance Reach $1,000,000,000 Trading Volume in 24 Hours, More Listings to Come

PumpMoonshot