The [Blockchain Backer Twitter](https://twitter.com/B_CBacker) feed was bound to have an opinion on a recent multi-million dollar crypto hack, and it didn't disappoint.

Blockchain analysis researchers have traced the large quantity of cryptocurrency stolen last month from the Ronin network bridge to the North Korean hacking group Lazarus. The hackers stole large amounts of the [Ethereum](/coins/eth) currency and USDC stable coins totaling $540 million at the time.

It is believed that North Korean cybercriminals targeted multiple organisations in the blockchain technology and cryptocurrency industry. The hacks started with phishing messages to employees on various communication platforms. High-paying jobs were offered to coerce the potential victim to download cryptocurrency applications that contain malware.
 
Sky Mavis is looking to recover 173,600 Ethereum and $25.5 million from the hackers. The attackers zoned in on the bridge to Ronin blockchain, which acts as an intermediary between Axie Infinity and blockchains such as Ethereum. Where users deposit Ethereum or USDC to Ronin and then purchase non-fungible token items or currency within the game. They can also sell their in-game assets and withdraw the money.
 
The attackers used hacked private security keys to compromise the network nodes that validate transfers to and from the Ronin blockchain. 

After compromising four of Sky Mavis’ nodes, the attacker exploited them to get access to one managed by the community-owned Axie DAO. 

This allowed them to override any transaction security and withdraw whatever funds they liked.

## Bitcoin Backer Twitter View

The hack could not have been prevented as the hackers used the features of the chain and the ability to vote against it, according to Charlie Shrem, Blockchain Backer, on Twitter. He tweeted this to his 250k followers on Twitter, where he interviews and regularly discusses the impact of Bitcoin and Blockchain. 

On Blockchain Backer Twitter, Shrem recommends that people do not save screenshots or text files of their passwords and private keys on their computers, as hackers can scan them without them knowing. In his opinion, password managers are a better option for your accounts as you can create randomized passwords without remembering them all!

Shrem founded BitInstant in 2011, a platform that allows the exchange of dollars into Bitcoin. It operated until 2013 and gained more than 700,000 followers. At a point, it was processing nearly 30% of all Bitcoin transactions.

In December 2014, Shrem was sent to prison for indirectly sending $1 million in Bitcoin to Silk Road. Shrem is considered a Bitcoin evangelist for how he brought Bitcoin to the mainstream. 

## Staying Safe

Cold storage is seen as more secure as your crypto will be on an encrypted flash drive. So, if a thief wants them, they’ll have to steal the physical device. You can also enable two-factor authentication (2FA) on your accounts. Then a thief would need not just your password, but to gain access to your mobile phone. If hackers gain access, you can receive your access code by downloading an app that is a hardware key designed for 2FA. 

Blockchain Backer Twitter View on Crypto Hack

Simply put, [Bitcoin](/coins/btc) Revolution is an automated crypto trading platform created in 2017. The platform uses an AI algorithm to find and execute potentially profitable trades for users. Users also like it because it is easy to use, feature-rich, and compatible with various brokers, regulated and unregulated.

## Bitcoin Revolution Features

Some of Bitcoin Revolution's features include:

### Demo account: The demo account lets users test Bitcoin Revolution's capabilities before committing. The demo account allows users to perfect their trading strategies before staking real money. Users can customize the account for a better crypto trading experience.

### AI interface: The AI algorithm simplifies crypto trading for beginners. The AI tracks price changes in the crypto market and executes trades on behalf of users. The AI eliminates the need for extensive knowledge to earn from crypto trading.

### Live trading: The live trading feature allows users to trade in real-time. The AI bot helps with live trading. The feature is also accessible through the demo account.
Customer support: Bitcoin Revolution's customer support system is available 24/7. Day and night users can get assistance.

### Fees: Bitcoin Revolution does not charge trading or non-trading fees. The platform has no monthly or annual subscription fees, no deposit fees, no withdrawal fees, and no setup fees. The only requirement is a minimum deposit of $250 to start using the platform.

## Is Bitcoin Revolution a Scam?

According to many reviews on the net, Bitcoin Revolution is a legit trading platform that delivers on what it promises. Leading crypto publications like The [InsideBitcoins](https://insidebitcoins.com/) and [Cryptovibes](https://www.cryptovibes.com/) agree Bitcoin Revolution is not a scam. Some experts have carried out a $250 test on the platform and confirmed it is possible to earn $200 daily. There are many testimonials on the platform's official site suggesting it is not a scam.

However, a few things stand out when you take a closer look at the platform. These are things that make a few people question the platform's legitimacy.

## Bitcoin Revolution's team

The trading platform's team is listed nowhere. According to the platform's official site, in 2015, a "team" of Wall Street traders and MIT engineers came together and developed Bitcoin Revolution. A good product with no known team is a red flag.

## Guaranteed Returns

Those who have treaded the crypto market know the market does not guarantee returns, especially high returns. Bitcoin Revolution claiming to guarantee returns is another red flag.

According to the trading platform, users benefit from a daily profitability rate of 60%. The platform also assures users of a 99.4% success rate.

Is Bitcoin Revolution a scam or legit? The red flags are there to warn users about the platform. However, there are also a few reasons to look at the platform from a positive angle. Begin with the demo account, where you don't have to spend anything.

## Conclusion

Bitcoin Revolution has its pros and cons. It is easy to use, feature-rich, and accessible from any device anywhere.

However, before committing to the platform, consider that it features an anonymous team, operates in the crypto space, and guarantees high returns. Extensive research can help you determine whether Bitcoin Revolution is the best crypto trading platform for you.



What is Bitcoin Revolution and is it Legit?

[OpenSea](https://opensea.io/), the $1.5 billion start-up that's been on everyone's radar for its impressive growth rate, admitted today to insider trading by an employee who profited from their sale of NFTs before they were publicly available.

## Rumours of Insider Trading

Rumours of insider trading at NFT marketplace OpenSea are true, [according to a statement](https://opensea.io/blog/announcements/employee-information-use-at-opensea/) from the start-up

“Yesterday we learned that one of our employees purchased items that they knew were set to display on our front page before they appeared there publicly,” the company wrote in a blog post Wednesday.

## OpenSea 'Incredibly disappointed'

In written statement, OpenSea called the incident “incredibly disappointing” and said that they are "conducting an immediate and thorough review."

The company has implemented two new employee policies, including a ban on OpenSea team members buying or selling from collections and creators while they are being featured by the business as well as preventing staff using confidential information to purchase NFTs whether available through our platform or not.

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