"Your Bitcoins could be in danger," says former Brazilian trade security chief

A former security chief A Brazilian exchange of cryptomoedas said in an article that it was risky to keep digital badets as bitcoins at brokers.

The text entitled "Attention, your bitcoins can be threatened!", Was published in the middle of the year. November in Linkedin of Galeno Garbe. According to information on his personal page, he was responsible for the security of the Bitcoin market between November 2017 and October 2018 a date that would have killed 20 people. Previously, Garbe had been responsible for information security for Uber Latin America.

The security expert did not report any particular company, but said that the Brazilian ecosystem was under threat. "I started by worrying about the very bad moment that trade is going through, especially the Brazilian exchanges," he wrote at the beginning of the article.

By releasing this article before its recent fall, during a long period of price stability, "Trade brings in money when the price goes down, and even more so when the price goes up." A bad scenario For any exchange, especially for those who offer little or no other offers of services other than barter with the order, is precisely this price decrease.For these reasons, which add to the recent bets. he says that the sector is in crisis: "because of the almost widespread crisis."

For these reasons, which add to the recent layoffs of the market, he baderts that the sector is in crisis: in which the stock exchanges, mainly Brazilian, remain, the maintenance of their badets in these stock exchanges is clearly a risk.

Garbe also cites a third factor for his market badysis: the dispute between banks and crypto brokers Currencies: [19659004] "Virtually all Brazilian stock exchanges manage their bank accounts by and these fall under the argument of the big banks. Everyone may not have taken the risk that means, so I explain in a scary, more direct and clearer way: if the stock exchanges do not have to do operate the bank, they simply close the doors (speaking of their operations). "

on the Brazilian market

The Brazilian foreign exchange market does not have a good time.In November, the Brazilian division of Huobi fired six of the ten employees of the national trading operation of crypto-currencies.

Two weeks earlier, Market Courtcity, the industry leader, had confirmed the dismissal of at least 20 employees.The company fired professionals who had been hired from other companies it less than six months ago There are cases of people who have not completed their stay at home for two months

In August, the Brazilian broker of criptomoedas Foxbit reduced the team of Information technology: One developer resigned and three others were fired, which resulted in the development of the platform itself, although the information was confirmed. by five people, the company did not want to position itself.