DurwinSomeone crashed the entire Onion market in America, made millions, walked away scott-free and starte…
We learnt that perfect monopoly can cause catastrophic damage to any economy, even the onion market.A tiny man who rocked America with Onions History doesn’t repeat, but it rhymes. You want to learn something, anything? Look back in history and it will surprise you just how eerily relevant it can be even in modern times. With the advent of Bitcoin, Cryptocurrencies, Tech titans and startups, you get all sorts of happenings like Tulip Mania, recessions, Feds stepping in, market manipulations a...
DurwinBurger King gave candy to a worker has worked for more than 20 years.
The Whopper, which was first introduced in 1957, was a quarter-pound, oversized burger on a vast five-inch bun that cost a reasonable 29 cents.Large corporations can be cruel and uncaring. They often claim to care about their employees, but sometimes the reality can be quite different. This is the story of Kevin Ford, a cook and cashier at Burger King who had worked tirelessly for over two decades. To celebrate his remarkable feat of never taking a sick day, Burger King decided to shower him ...
DurwinThe youngest self-made billionaire just bought Forbes.
Austin Russell is an American entrepreneur, founder and CEO of Luminar Technologies. Luminar specializes in lidar and machine perception technologies, mainly used in autonomous cars. Luminar went public in December 2020, making him the world’s youngest self-made billionaire at the age of 25.Wha’s up with billionaires and news media? In a stunning turn of events, Austin Russell, the youngest self-made billionaire of 2021, has made headlines once again by acquiring a majority stake in Forbes ma...
CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
DurwinSomeone crashed the entire Onion market in America, made millions, walked away scott-free and starte…
We learnt that perfect monopoly can cause catastrophic damage to any economy, even the onion market.A tiny man who rocked America with Onions History doesn’t repeat, but it rhymes. You want to learn something, anything? Look back in history and it will surprise you just how eerily relevant it can be even in modern times. With the advent of Bitcoin, Cryptocurrencies, Tech titans and startups, you get all sorts of happenings like Tulip Mania, recessions, Feds stepping in, market manipulations a...
DurwinBurger King gave candy to a worker has worked for more than 20 years.
The Whopper, which was first introduced in 1957, was a quarter-pound, oversized burger on a vast five-inch bun that cost a reasonable 29 cents.Large corporations can be cruel and uncaring. They often claim to care about their employees, but sometimes the reality can be quite different. This is the story of Kevin Ford, a cook and cashier at Burger King who had worked tirelessly for over two decades. To celebrate his remarkable feat of never taking a sick day, Burger King decided to shower him ...
DurwinThe youngest self-made billionaire just bought Forbes.
Austin Russell is an American entrepreneur, founder and CEO of Luminar Technologies. Luminar specializes in lidar and machine perception technologies, mainly used in autonomous cars. Luminar went public in December 2020, making him the world’s youngest self-made billionaire at the age of 25.Wha’s up with billionaires and news media? In a stunning turn of events, Austin Russell, the youngest self-made billionaire of 2021, has made headlines once again by acquiring a majority stake in Forbes ma...
CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
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Imagine this: You’re a billionaire.
You’ve got investments that will make anyone envious.
You own an NBA team.
You got billions in real estate and various investments.
You have invested in dozens of web3 companies.
You own Bitcoin, Eth and hundreds of NFTs.
Then, one day, you’re out $860K because of a phishing scam.
Mark, the billionaire shark tank investor on TV got phished for nearly a million dollars.
So, how does a shark get caught in the net?
Simple.
The same way anyone does.
A slip of attention, a clever ruse, and poof — crypto gone.
He download a fake version of MetaMask and logged in.
Allowing hackers to gain access to his wallet.
The attackers swiped his tokens and NFTs like candy from a baby.
And Mark?
He didn’t see it coming.
He was able to salvage millions of dollars in tokens and his CryptoPunk.
That CryptoPunk was worth $77K.
Here’s the thing: Cuban’s no rookie.
He’s the guy with a Midas touch in Web3, holding a trove of NFTs and a portfolio that’s the envy of crypto enthusiasts.
He was a loud supporter of web3 and advocated everyone to jump onboard.
Yet, here we are.
Mark’s sitting pretty, even post-phishing.
He is still worth $5,2B.
But this isn’t about the dent in his wallet.
It’s about the glaring sign that screams: “Crypto’s still the Wild West.”
$860K is a lot of moolah no matter what.
Mark Cuban’s recent $860K loss to phishing is a stark reminder that in the digital deep end, even the sharks can drown.
Cuban, with his seasoned portfolio in Web3, from blockchain ventures to a collection of NFTs, knows his way around these waters. Yet, he got hooked.
If a shark like Cuban can get phished, what does that say about crypto’s readiness for the average Joe?
It scares me that even in 2023, years into the crypto hype, the world of web3 is still so perilous.
How can we ever expect it to go mainstream if the roads ahead are so dangerous and filled with pitfalls?
How can a grandmother or a school teacher trust crypto enough to navigate and use it safely?
How can we ever expect the common man to trust crypto when it is still so difficult to set up a wallet, send to the right address, understand all the nuances and still somehow avoid hackers and phishers?
Till we solve these fundamental issues, trust in crypto will never be deep.
Without trust, how far along can crypto really go?
-
Do you think crypto is safer now?
-
#MarkCuban #Crypto #Phishing #NFT #Web3 #Investment #BillionaireBlunder #CyberSecurity #CryptoSafety #DigitalAssets #Blockchain #TechSavvy #CryptoCommunity #LessonLearned #CryptoWildWest #NetWorth #CommonManCrypto
Imagine this: You’re a billionaire.
You’ve got investments that will make anyone envious.
You own an NBA team.
You got billions in real estate and various investments.
You have invested in dozens of web3 companies.
You own Bitcoin, Eth and hundreds of NFTs.
Then, one day, you’re out $860K because of a phishing scam.
Mark, the billionaire shark tank investor on TV got phished for nearly a million dollars.
So, how does a shark get caught in the net?
Simple.
The same way anyone does.
A slip of attention, a clever ruse, and poof — crypto gone.
He download a fake version of MetaMask and logged in.
Allowing hackers to gain access to his wallet.
The attackers swiped his tokens and NFTs like candy from a baby.
And Mark?
He didn’t see it coming.
He was able to salvage millions of dollars in tokens and his CryptoPunk.
That CryptoPunk was worth $77K.
Here’s the thing: Cuban’s no rookie.
He’s the guy with a Midas touch in Web3, holding a trove of NFTs and a portfolio that’s the envy of crypto enthusiasts.
He was a loud supporter of web3 and advocated everyone to jump onboard.
Yet, here we are.
Mark’s sitting pretty, even post-phishing.
He is still worth $5,2B.
But this isn’t about the dent in his wallet.
It’s about the glaring sign that screams: “Crypto’s still the Wild West.”
$860K is a lot of moolah no matter what.
Mark Cuban’s recent $860K loss to phishing is a stark reminder that in the digital deep end, even the sharks can drown.
Cuban, with his seasoned portfolio in Web3, from blockchain ventures to a collection of NFTs, knows his way around these waters. Yet, he got hooked.
If a shark like Cuban can get phished, what does that say about crypto’s readiness for the average Joe?
It scares me that even in 2023, years into the crypto hype, the world of web3 is still so perilous.
How can we ever expect it to go mainstream if the roads ahead are so dangerous and filled with pitfalls?
How can a grandmother or a school teacher trust crypto enough to navigate and use it safely?
How can we ever expect the common man to trust crypto when it is still so difficult to set up a wallet, send to the right address, understand all the nuances and still somehow avoid hackers and phishers?
Till we solve these fundamental issues, trust in crypto will never be deep.
Without trust, how far along can crypto really go?
-
Do you think crypto is safer now?
-
#MarkCuban #Crypto #Phishing #NFT #Web3 #Investment #BillionaireBlunder #CyberSecurity #CryptoSafety #DigitalAssets #Blockchain #TechSavvy #CryptoCommunity #LessonLearned #CryptoWildWest #NetWorth #CommonManCrypto
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