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RE: Is Bittrex securing your Steem properly?
Once your master key is known to a scammer, can you do anything except from power up all your Steem or send all your Steem to another account you own and log in every week to prevent your SP from powering down?
The only thing left would be your savings and steem power! Any liquid SBD and STEEM would be instantly stolen... Which is where the bulk of over $100,000,000 worth of steem sits! IT is a GIANT bulls eye target for a hacker!
Just do not keep to many coins or tokens on an exchange and if you can send all your crypto to paper wallets..
If a hacker gets your master key your funds will be gone before you can say "steem"! They will transfer the steem to their account instantly upon gaining access to your account and there is no take backs in cryptoland!
All Steem deposited as Steem-Power takes 7 days to even partially power down so there will be time to cancel power down.
So what is the answer to my question?
If it was ALREADY powered up as Steem Power you are right, that would be safe and preventable. But as you see they have it as liquid STEEM, which can be withdrawn instantly upon access!
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