CARDANO WALLETS DRAINED

MACRO MARKET ANALYSIS VIDEOS EVERYDAY SINCE 2018.

I don’t sell anything. I don’t have any programs for you to join. I will not message you on any platform. I’m not shilling anything. I post videos with my analysis of the global crypto and finance markets. Not financial advice.

Twitter: http://www.Twitter.com/TheCryptoviser
I will NEVER message you on any platform, be aware of scammers!

*************
JOIN GEMINI CRYPTO EXCHANGE:
Using my link, get FREE Bitcoin after $100 purchase:
https://exchange.gemini.com/register?referral=bprpv4s9

Join COINBASE Cryptocurrency Exchange
Using my link, get FREE Bitcoin after $100 purchase:
https://www.coinbase.com/join/596288340f8b32023cf28007

Buy a LEDGER CRYPTO HARDWARE WALLET
Hold your cryptocurrency in cold storage, offline.
Use my affiliate link to let them know I sent you:
https://shop.ledger.com/?r=864c25f6ee43

*These are affiliate links*
*************

* SUPPORT THE CRYPTOVISER *
BECOME A CHANNEL MEMBER HERE ON YOUTUBE
CLICK JOIN TO LEARN MORE: www.youtube.com/channel/UCq41LOyktVBW_CaVi2WKKXw/join

————————————————————————————
This video, views and opinions expressed on The Cryptoviser Channel is NOT financial advice. DO YOUR OWN RESEARCH before investing your money. Making any investment is risky. This video is for entertainment purposes only.
At the time this video was created, The Cryptoviser Channel is not affiliated with and not paid by any company discussed in the videos. If The Cryptoviser Channel does receive payment for advertising within a video, this description section and the video content will note that.
————————————————————————————

#crypto #bitcoin #investing

Photo Credit:

[[edited under fair use]]

Welcome back and in today’s video we’re going to be discussing cardono users getting their Ada drained directly from their wallet after an nft mint goes horribly wrong in today’s video we’re going to discuss what happened why it happened and how you can protect yourself from getting your wallet

Drained and by the way this is the cryptoviser podcast we talk about everything crypto blockchain investing and other news in the finance space so make make sure you guys are subscribed to the channel give the video a free thumbs up and uh let’s get right into

Today’s crazy topic so one user on X said Mercury mint which was an nft project for my understanding just drained 300,000 Ada out of the ecosystem sympathy to everyone affected I hope this space uh hell anyway I don’t know what the rest is please use multiple wallets thanks to everyone that joined

The mint now somebody posted this said was it the Mercury mint fam be safe out there if you haven’t heard and they posted a screenshot which you guys should be able to see let me pull this up in a new page so I can zoom in on it

And effectively it says don’t interact with Mercury Discord there is a wallet drainer so if you guys are not aware first of all you have to be really really cautious you guys know I’m a layer one maximalist for a reason a layer one maximalist is somebody who typically just invest in layer one

Cryptocurrencies Bitcoin ethereum Solana cardano Avan Dogecoin uh you know polygon is a layer two I still like the coin the crypto and the blockchain itself but it is still a layer 2 blockchain right and so once you get into layer threes or layer fours you’re getting into the the the real world of

Potential loss of all of your funds so effectively the way that these Wallet drainers work is they basically you click on a link to you know connect your wallet or you click on a link that says mint your coin and then it runs this script that effectively will drain your

Wallet and you can see here that it will then ask you to confirm and some people don’t necessarily view what they’re confirming and they just hit send and all of the stuff in their wallet gets drained this happens on metamask this happens in cardano wallets this happens

In Exodus I mean every wallet this can potentially happen in and so this is really important and by the way I’m going to give get into the full details of this like what people actually lost but I think that it’s important that you guys understand like how you can really

Protect yourself from this number one it’s important to understand what a hot wallet is and what a cold wallet is it’s also important to understand that hot wallets should not be used on devices that you do other things on like read emails click on links go to websites

Because if you interact with one of these websites or uh links that has a you know that’s potentially compromised your hot wallet on that device can be wiped out and so you have to be really really careful I personally have not seen any person actually claiming on X and this

Is I mean that’s not saying that nobody got their wallet drained but I haven’t seen any individual state that they have their wallet drained from this this Mercury drain wallet drain but I’m sure some people have right um but this is why it’s important guys you you know you

Have to understand like what projects you’re you’re believing in right because people can lose all of their money just oh I’m going to put a little bit of money into this nft because I think it’s going to do well and then all your money is gone because they wipe your wallet

And so this is why it is important to have multiple wallets keep only a certain amount in a hot wallet only the am the amount that you need everything else should be kept in Cold Storage offline and by the way if you want a ledger offline storage wallet use my

Link Down Below in the description of this video it will let them know that I sent you over there and it is an affiliate link and helps support the this channel so if you guys are going to get a ledger offline storage wallet just use my link Down Below in the

Description thanks for the support uh but besides that let’s understand and kind of break down a little bit more about exactly what happened so this user on X sports Alpha club uh cardano it says pioneering the future of sports betting with the power of cardano they said warning messages are

Going up in servers across many cardano nft project Mercury’s cardano free unlimited access pass many today turned out to be a scam that drained the wallet of all unsuspecting victims who signed the transaction we are seeing and hearing of more and more victims from across the space some of who have lost

Everything as well as we see the scammer wallet bludgeon uh we are also saddened and sickened that such scumbags have no conscience and can destroy the hopes dreams and hard work and efforts of our wonderful communi as we offer our most sincere and heartfelt sympathy to every

Person who’s been scammed by the events we hope that every cardano NF project will find ways to support and help all of the victims we will learn from this experience and work to produce more detailed precautions for the community to take to avoid being the victim of such scams and they encourage all

Cardano nft teams to work together to make the space much safer now I remind you guys we are entering a bull market we’re going to see a lot more of this we’re going to see a lot more of you know money grabs just everywhere across the ecosystem project catalysts we’re

Going to see more and more Uber you know 20 uh probably 20 proposals for a cardano uber account that nobody wants right uh in Project Catalyst and they were they’re to want million dollars in US for uh you know to create a cardano on Uber Uber on cardano or whatever

Which is going to be completely useless but this is where we have to keep in mind right there we’re entering a bull market like this is to be expected generally don’t click links generally don’t answer unsolicited emails calls text messages or anything like that and tell your friends and family the same

Thing this is really the easiest way to do it um and also don’t interact with these like projects that nobody’s heard of right you know during the last Bull Run we got a lot of inquiries on this channel to do sponsorships advertising Partnerships with a lot of different

Brands and companies and a lot of these Brands and companies turn out to be complete and so we had to filter through that and part of what I looked at is you know is this going to be legitimate is it’s going to bring value to my viewers and if the answer

Was no it was not even a question that we were not even going to you know uh to entertain advertising for any of these type of companies and so you guys just have to be really really careful like you know think about how many influencers were were promoting FTX

Right how many influencers were promoting Celsius Voyager blockfi cryptoviser none of that right the only people or only companies that we actually support here on the channel is the links down below and it’s Ledger and granted Ledger has their own issues but it’s one of the best cold wallets

That we can have out here at the current time it’s not the only one but it’s one of the best and coinbase and Gemini right do they have their flaws do they have their issues of course but I do think that they’re some of the best companies in the crypto space with the

Longest track record of making sure that users are protected and safe and having a solid product do they have issues of course are they going to have um you know people that don’t like their products and services of course but at the end of the day for me these are the

Best companies that I can talk to you guys about on this channel right because if if we start going after all the other companies you know there’s a lot of questionable uh companies out there in the crypto space and there’s going to be even more as we enter the bull run so

You guys have to be really really careful because they won’t only drain your cardano but whatever else is in your wallet you can see here that the drainer was going to drain Ada rug coins H game awards fud head sick City some other nfts I guess and it it’ll just

Drain everything from the wallet and we see this happening with metamask all the time and some really prominent people in the crypto space they’re they’re doing no due diligence to protect their own money you know they’re putting their entire wallet on one hot wallet on a device that they use for everything else

It doesn’t make any sense but anyway do your due diligence if you have any other security tips uh comment them down below in the video and don’t forget to give the video a thumbs up hit that subscribe button check out our other videos on the channel invest responsibly and I’ll see

You guys tomorrow right here on the channel invest responsibly do your own research and crypto on