Bitcoin's Rally to Record High Brings Risks to Its Holders — Market Talk

Bitcoin's rise to fresh record highs brings increased risks for those who currently hold the cryptocurrency, says Rob Jardin at cybersecurity group NymVPN. "When the value of digital assets surges, so does the attention from cybercriminals looking to exploit both individual investors and platforms," he says in a note. There is typically a spike in phishing attacks, digital wallet hacks and social engineering scams during periods of heightened market activity. Details of a bitcoin investment can be published in data leaks unless necessary security measures have been taken, he says. Bitcoin rises 3.6% to $117,726 after earlier hitting an all-time high of $118,832, according to LSEG. ([email protected])