Reply to post: "Hot Wallet" == "Internet Banking"?

Miscreants make off with $150m of digital assets in BitMart security breach

_andrew

"Hot Wallet" == "Internet Banking"?

> "Because hot wallets are connected to the internet, they tend to be somewhat more vulnerable to hacks and theft than cold storage methods," BitMart's site says.

You know that "Internet Banking" is a thing almost everywhere, right? That's the bank that is storing your money, connected to the internet and accessible by nothing more complicated than a web browser or (for the crazy) a mobile app.

Of course real banks have real security departments, and experts who care about that sort of thing, and insurance schemes and regulations and a variety of fall-backs.

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