Apparently, the latest trend spikes in the crypto world is behind the sudden motive to rob crypto traders, investors, and larger establishments of their crypto assets.
Earlier today, an advanced crypto analytic tracker, Whale Alert, reported a cyber scam of a whopping US$16 million.
The information was shared on their official Twitter handle.
— Whale Alert (@whale_alert) August 31, 2020
According to the report, the transaction was carried out during the weekend, but the Scam Alert Bot was unable to report it as a result of its high value.
“We are working on a fix. We have decided to post it now because of the importance of this transaction,” they added.
However, moving on, a better method of keeping your crypto safe is the use of propriety smartphone or cold wallets. These tools are specifically designed to keep crypto safe from malware scams and internet hackers.