10-7-2021: How Hackers Drained the Cryptocurrency Accounts of Thousands of Coinbase Users
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 7 October 2021
⏱️ 46 minutes
🧾️ Download transcript
Summary
Apparently, they started with a password phishing scheme, next exploited a flaw in Coinbase security, and then emptied accounts.
Today's Stocks & Topics: WPM - Wheaton Precious Metals Corp., ADBE - Adobe Inc., Roth I-R-As, VMHG - Victory Marine Holdings Corp., The Bond Market and Cryptocurrency, APPS - Digital Turbine Inc., MKSI - MKS Instruments Inc., Criminal Misused of Cryptocurrency, K1 Form, EPD - Enterprise Products Partners L.P., Energy.
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Transcript
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| 0:00.0 | Now, on this Invest Talk podcast, Justin Klein listens to your questions. |
| 0:07.0 | Hi, Stephen Justin, I love the show and I actually had a ticker that I wanted to ask you guys about. |
| 0:13.0 | It would be MKSI. I'm looking to add a position to it, I don't want it yet. |
| 0:18.0 | And provides unbiased answers. |
| 0:21.0 | I think what you're seeing here is an expectation of growth slowing dramatically |
| 0:25.0 | and now every major moving average is pointed downward, which shows that it is an inconsistent downtrend. |
| 0:32.0 | Invest Talk. Over 35 million downloads and counting. |
| 0:37.0 | Your participation makes it unique. |
| 0:40.0 | 880-99 sharp. |
| 0:47.0 | This podcast is produced by KPP Financial, Steve Peasley President. |
| 0:53.0 | KPP Financial, Independent Thinking, Shared Success, and out today's podcast. |
| 1:00.0 | Good afternoon fellow investors and welcome to Invest Talk. |
| 1:08.0 | This is our October 7th, 2021 edition of Invest Talk. |
| 1:13.0 | And as we are now firmly in the fourth quarter, there's a lot to unpack and that's happening in today's market. |
| 1:22.0 | We had an update that faded a bit throughout the day or near the end of the day. |
| 1:28.0 | But what I really want to discuss to start off are cycles. |
| 1:34.0 | And I don't talk about it probably as much as I should on this show. |
| 1:39.0 | But it is definitely what should be in the back of every investor's mind. |
| 1:47.0 | Is that every asset class has its day in the sun, |
| 1:52.0 | a over investment in a particular sector, strategy, company, |
| 2:02.0 | it ebbs eventually. |
| 2:07.0 | That over investment creates prices that are too high, |
... |
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