The cryptocurrency space is ripe with risk and high reward. Avoiding hacks, scams and rug pulls depends on your ability to do your research, evaluate blockchains and projects and choose wisely. Most people are aware of the FTX exchange debacle, but there have been many other losses over the past decade. This video uses Defi Llama to look at those hacks and understand what leads to issues so you don’t fall victim.
Remember, this video is not financial advice. Blockchain is a new frontier, and our content is meant to be educational, introducing you to new concepts. You should always do your own due diligence and research, be responsible for your own decisions and keep a solid eye on your assets.
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CRYPTOFLUENCY Website:
Blockchain Blueprint Course with Derek: https://cryptofluency.com/op/blockchain-blueprint No commitment. No credit card sign-up. Nothing to lose. This course is 100% FREE. Over three hours of content.
CHAPTERS: 00:00 What is a rug pull in crypto, and why is it dangerous? 07:30 What is Defi Llama, and how can you use it to look at blockchain projects? 09:52 Why do people use Total Value Locked Up (TVL) to evaluate investments? 11:30 What are some of the most harmful Crypto hacks, scams and rug pulls? 16:13 How to compare the most popular blockchains to the most frequent hacks? 20:26 Why is it dangerous to leave your crypto assets on an exchange? 21:56 Why do you want to choose a layer 1 blockchain as an investor? 26:15 What is a Crypto Flash Loan? 29:03 Which blockchain has had the fewest hacks and scams? 36:13 Why is the Cardano blockchain’s model more secure AND expressive than previous generation one and generation two blockchains? 39:15 What educational courses will help you educate yourself against crypto scams, hacks and rug pulls?
