As many will know, Yellow Card is an African cryptocurrency exchanger, the CEO is Chris Maurice. He says that in the beginning, when the Bitcoin had a price of 200 dollars he invested 5000 dollars, acquiring around 21 BTC, he liked the project so much that he invested all his savings and stored them in Localbitcoin because it was the platform he used in that moment because of its popularity. It ignored the advice not to store a large amount of BTC in online wallets and it also did not activate the second factor of safety or 2FA.
It was not long before he realized that almost everything had been taken away from him, they only left 0.8 BTC, he decided to keep them and at the time when the BTC rose from $ 1,700 to $ 6,000, he sold 16 days before that price increase occurred.
He paid dearly for his hazing and lack of preparation.
That is why we must follow the safety advice on the handling, holding and sale of BTC.
What do you think of what happened to the CEO of Yellow Card?
Have you ignored the security warnings for handling, holding and selling cryptocurrencies?
It was not long before he realized that almost everything had been taken away from him, they only left 0.8 BTC, he decided to keep them and at the time when the BTC rose from $ 1,700 to $ 6,000, he sold 16 days before that price increase occurred.
He paid dearly for his hazing and lack of preparation.
That is why we must follow the safety advice on the handling, holding and sale of BTC.
What do you think of what happened to the CEO of Yellow Card?
Have you ignored the security warnings for handling, holding and selling cryptocurrencies?