BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
FOLLOW
BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
BlockNews

Lesson Learned – Why Security is never redundant in the crypto space

by BlockNews Team
June 27, 2022
in NFT, Opinion
A A
Lesson Learned – Why Security is never redundant in the crypto space
1
SHARES
Share on TwitterShare on Reddit

Imagine having your assets taken from you in the blink of an eye and having no recourse. That unsteady skittish feeling in the pit of your stomach echoing failure throughout your entire body – all you’re able to accomplish is to stare blankly at your computer screen in shocking amazement at the situation.

On March 5th, 2022 I was scammed out of everything I had ever invested or earned in the crypto space. Up until that very moment, I truly believed that I could never fall victim to a scammer or hacker. I felt immune because I had repeatedly told myself that a seasoned veteran like myself was way too knowledgeable to ever succumb to such things. But this wasn’t just the crypto space, this was NFTs, a whole different beast.

Nonetheless, when people would initiate their security measures, if I deemed them to be redundant or “too much”, I would not only scoff and pay them little mind, but I would also joke about the concept on occasion as well. Using a computer purchased solely for transacting?

Not connecting one’s ledger device to Metamask? Have more wallets than fingers? In hindsight, I just didn’t hold myself to the same research standards that I would preach. If I’m being honest I had also told myself that I’d seen it all before, but I was just being lazy too. I felt carelessly untouchable. The “know-it-all” who was primed for digital theft.

For some reason even though I knew what was at stake, I elected to remain nothing more than a baseless critic of these redundancies. After I had clicked on a bad link that I deemed was safe and from a trusted source, I accidentally allowed full access to my wallet and a scammer withdrew all of my valuable NFTs as well as charged me a “smack in the face” transaction fee to boot. I started nervously shaking and although it was cold outside, the sweat beading down my face would dictate otherwise. I felt hopelessly lost at that moment and for the first and only time I can recall, my mind went blank for a noticeable length of time. My mind was a barren landscape of pure nothingness. This eventually transitioned into distressed mouse clicks and fatuous sentence fragments, as I couldn’t bring my fingers to work the keyboard properly. After the tears stopped streaming down my face I ejected a heart-wrenching breakdown of nonsensical noises. I felt utterly alone in this, and there was nothing I could do and certainly no one to turn to for help. It felt as if I was the only witness to the biggest crime of the century and the only proof besides a few lines of code was my testimony. All of the police reports in the world couldn’t set things right and fairly soon after I found myself keeping my computer turned off for almost a month.

Once I had come to terms with the shock and returned to the space, I constantly dwelled on all of the advice from all of those people. All of those “I told you so” eating away at me. Why couldn’t I have just left my ego at home, especially when concerning real-world consequences? There’s no room for ego in any investment vehicle and that’s no different in crypto.

I couldn’t believe that everything that I had worked so hard to achieve over the past several years was gone in a “New York minute”. I momentarily had feelings of hatred for everyone and everything, but it was the hatred for myself that was most pronounced and lasting. The fact that I had to be one of those people fated to learn the hard way to truly appreciate a lesson, let alone learn it, was profoundly painful. All of those people with their specially curated protocols didn’t seem so redundant or funny to me anymore and all of those arbitrary mental barriers were gone, albeit too late. 

The pain still stings and being reminded every day that I’m starting from zero certainly doesn’t help either. The only way I could manage to make myself feel any better was to share my story and that eventually led to my wanting to put pen to paper. There needs to be an ever-evolving and advancing understanding of security if you’re going to be involved in crypto and NFTs, and I cannot stress that enough. If you consistently update your knowledge base you’ll be that much more secure in your crypto endeavors because trust me, nothing hurts more in this space than retrospection after theft and disillusion.

Tags: cryptoNFTNFTssecurity
TweetShareShare

DON'T MISS THESE! HOT OFF THE PRESS

Solana (SOL) Pumps 17% as Institutional Inflows Surge
Crypto

Solana (SOL) Pumps 17% as Institutional Inflows Surge

May 10, 2025
Massive XRP Transfer to Coinbase Raises Eyebrows
Crypto

Massive XRP Transfer to Coinbase Raises Eyebrows

May 10, 2025
Binance Coin (BNB) Soars Over 10% — What’s Fueling the Rally?
Binance BNB

Binance Coin (BNB) Soars Over 10% — What’s Fueling the Rally?

May 10, 2025
Ethereum Ignites! Breaching $2,300 Signals Potential Altseason
Crypto

Ethereum Ignites! Breaching $2,300 Signals Potential Altseason

May 10, 2025
Bitcoin Blasts Past $100K — What’s Next?
Bitcoin

Bitcoin Blasts Past $100K — What’s Next?

May 10, 2025
SEC and BlackRock Deliberate on Crypto ETF Approval Standards
Crypto

SEC and BlackRock Deliberate on Crypto ETF Approval Standards

May 10, 2025
Load More

Related News

Whale Alert! $153 Million Dogecoin Moves as DOGE Explodes 12%

Whale Alert! $153 Million Dogecoin Moves as DOGE Explodes 12%

May 10, 2025
Solana (SOL) Pumps 17% as Institutional Inflows Surge

Solana (SOL) Pumps 17% as Institutional Inflows Surge

May 10, 2025
Massive XRP Transfer to Coinbase Raises Eyebrows

Massive XRP Transfer to Coinbase Raises Eyebrows

May 10, 2025
Binance Coin (BNB) Soars Over 10% — What’s Fueling the Rally?

Binance Coin (BNB) Soars Over 10% — What’s Fueling the Rally?

May 10, 2025
Ethereum Ignites! Breaching $2,300 Signals Potential Altseason

Ethereum Ignites! Breaching $2,300 Signals Potential Altseason

May 10, 2025
Discord Twitter Youtube TikTok Instagram

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Newsletter
  • Advertise
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano China Coinbase crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin Meme Coin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology twitter US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • Home
  • Crypto
  • Memecoins
  • Technology
  • Politics
  • Finance
  • NFT
  • DeFi
  • Opinion

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.