๐จ Serious Warning: Delay in Reporting Cryptocurrency Hacks Allows Theft of Funds Without Deterrence!
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Recent data has revealed that the average time it takes for cryptocurrency hacks to be reported is 44 hours!
This means that hackers often manage to move and withdraw funds before any news of the incident is announced.
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Concerning Numbers:
โข During this period, the stolen assets reach centralized exchanges or mixers for money laundering.
โข The delay weakens the chances of tracking or freezing, making recovery nearly impossible.
โข Some projects deliberately delay announcements to protect their reputation or to try to negotiate calmly with the hackers.
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What Does This Mean for Investors?
โข You may be trading or holding assets on a network that has been hacked without your knowledge.
โข Trust alone is no longer enoughโฆ Make sure to follow reliable sources to stay updated with news in real-time.
โข Delay in transparency = Decreased security.
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How to Protect Yourself?
โ Monitor suspicious wallets using blockchain tracking tools.
โ Avoid holding large amounts in hot wallets or centralized exchanges.
โ Follow specialized sources that report incidents as they happen.
Do you think projects should be required to report hacks immediately?