HUGE Crypto Hack!

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Pic stolen from: https://www.youtube.com/watch?v=BwBi7tYqt_8

Good grief!  A major cryptocurrency hack has just reared its ugly head all over the world!  Apparently targeting the NPM modules which are written in JavaScript, (no, I don't understand that tech speak either!), it will reroute crypto you are attempting to send away from your intended destination to an address created by the bad guys.

Want more info?  Check these out:

https://www.youtube.com/watch?v=BwBi7tYqt_8

https://www.youtube.com/watch?v=uDmFahsOa48

https://www.youtube.com/watch?v=R0M2TL7RARw

This is major hack, possibly executed by a state sponsored entity.  I know most people will reflexively blame North Korea, and while North Korea is most certainly an odious place governed by odious people, IMHO most successful cyber attacks are executed by the United States and/or Israel.  And I say this as an American who (mostly) supports Israel.  

There are too many powerful groups with a vested interest in keeping the existing financial system protected from its inevitable takeover by Bitcoin and its allies. Don't rock the status quo boat, baby!  I can imagine right now Lizzy Warren fingering herself as she reads news of the widespread problems in the cryptocurrency world.

If there is a lesson to be learned from this mess, it is that DIVERSIFICATION is a lifesaver when dealing with cryptocurrency.  I'm not just talking about a diversity of hardware wallets either.  IMHO everyone should also be allocating a portion of their crypto holdings to Bitcoin ETFs and brokerage accounts which will custody your coins for you.  Yeah, yeah .... "not your keys, not your crypto."  But maybe it's time to put that tired saying to rest, as I'd rather have IOU crypto than no crypto at all.



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