Crypto regulation remained the hot topic since the burgeoning financial asset growing popularity brought wide acceptance and adoption. Many financial authorities and regulators seek to regulate the decentralized markets. Famous American entrepreneur and former stockbroker Jordan Belfort also voiced for the crypto regulation to be good.
During a recent interview, the ‘Wolf of Wall Street’ went on to share an instance. He mentioned about his losing up to 300,000 USD worth crypto assets in a hack. This makes him think that crypto regulations are crucial for safeguarding investors and users from such mishap.
Belfort explained that he does not keep his assets over the crypto exchange platforms. His all the crypto holdings are kept in Ledger’s cold storage wallet. He recalled an instance from last year when his MetaMask crypto wallet got hacked. The entrepreneur ended up losing about 300,000 USD worth of assets.
Crypto is quite a tough industry for the time being and it literally r
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