Stolen Funds - Ledger Nano - Exchanges say NO to new users

in #bitcoin6 years ago

Be careful buying hardware wallets from eBay. Funds were stollen when a guy bought used ledger nano hardware wallet. The seller of the wallet was able to utilize a man in the middle attack. Somehow inserting his own recovery seed rather one created by the wallet. A week later after the buyer transferred his crypto currencies to the wallet all of it was gone. He went to check his balance on the wallet but the balance was zero. Now its a matter of bringing the seller to justice.

Bittrex, Binance and Bitfinex are saying NO to new user accounts. Many people are trying to enter the crypto market and open accounts on different exchanges. This has let some exchanges to not allow new user to open an account. You have exchanges like Coinbase having 100,000 user signups or Kraken 50,000 new users per day. Their infrastructure gets overloaded and can't keep up with the demand. Until the exchanges upgrade their infrastructure they put a halt on all new accounts. So hang tight while the exchanges try to upgrade the hardware to keep up with the demand.