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Billionaire Ethereum co-founder says he is quitting the world of cryptocurrency due to personal safety concerns

Summary:
The underworld! There's some seriously evil people is this world, and it's best to keep well clear of them. I read recently how the hacking business has changed, which I should have posted here. Hackers now design software not to use themselves, but to sell to less experienced hackers, who are prepared to take the risks, but it lowers the risk all around. Crypto has been linked to a series of security issues, with a boom in kidnappings of wealthy individuals followed by the criminals demanding payment of the ransom in digital money.Meanwhile, earlier this month, the largest ransomware attack on record breached the systems of US software firm Kaseya, in turn infecting the computers of 1million companies on virtually every continent. Swedish grocery stores, schools in New Zealand, and two

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 The underworld! There's some seriously evil people is this world, and it's best to keep well clear of them. 

I read recently how the hacking business has changed, which I should have posted here. Hackers now design software not to use themselves, but to sell to less experienced hackers, who are prepared to take the risks, but it lowers the risk all around. 

Crypto has been linked to a series of security issues, with a boom in kidnappings of wealthy individuals followed by the criminals demanding payment of the ransom in digital money.


Meanwhile, earlier this month, the largest ransomware attack on record breached the systems of US software firm Kaseya, in turn infecting the computers of 1million companies on virtually every continent. 


Swedish grocery stores, schools in New Zealand, and two major Dutch IT firms were among the victims of hacking group REvil which launched its attack on July 2. 


Kaseya says just a few dozen of its customers were directly affected by the attack, but knock-on effects have brought down firms in 17 countries including US and the UK - with one expert saying the attack is 'unprecedented' in its scale and sophistication.


The Daily Mail 


Billionaire Ethereum co-founder says he is quitting the world of cryptocurrency due to personal safety concerns

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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