 I said news to get top stories in crypto and break them down into bite-sized pieces today Just the thumbnail and title suggest it really comes down to this Everything's a scam and when you start to realize that everything's a scam You're gonna be a much better position than you were before I know it's a little bit aggressive to say it like that But I've been very tiptoe-ish around these subjects. So from now on everything's a scam Everything's a scam until proven otherwise and I think that's the most easiest way that I can make it So really what it comes down is this today we're going to talk about the open sea Fishing attack not a hack a fishing attack and really it comes out of this It's not how much you make but it's how much you keep and even if you made a ton of money On crypto or you've acquired a bunch of crypto It doesn't matter if someone just comes along and steals it So who really cares and also we're going to take a look at wyvern meta mask and then an email check And then I have to ask this question to everybody and I've been asking this myself Are these hacks actually good for people and the space in general and lastly We'll talk about central bankers are now barred from owning crypto equities And any type of commodities and certainly that's and then lastly we'll go over a little q&a So hold all your questions until the end and I'll get those to those So if you're here live, hey welcome on a sunday. Look at you Uh today When we go over this just know that the news will take around 15 minutes Hopefully and then we'll do q&a at the end which is about five minutes or so if you're watching the replay There will be timestamps underneath so you can fast forward to whatever you want to do But really this just goes into a sequential manner. So it's uh, it comes down as best as do it that way Then real quick. Let me just do a quick check Uh Great and I'm just making sure someone said that there's no sound is the sound the sound is fine Turn on your speakers. Okay Great. Let's just go into it. Shall we and take a look at The market and the market Is not the greatest. I'll be honest with you and I know like there was a question in the uh in the comments already They're like, hey robbie not too bullish today. I'm not too bullish in the short term And I haven't talked about this on the dca show, uh, which was me ben and james And I told and james always asked that question like what do you think for the weekend? I'm like, I don't think it's gonna go good. I think it's gonna go pretty bad And uh, you know, I don't even want to air on the side of caught. I think it's gonna I think it's gonna be awful for a little bit I think uh, things are gonna move sideways and decrease because of all the Just the turmoil and the things that are going on in the world There's people are scared and when they get scared They don't think straights and they don't think straights they start to hoard things and it's just a just the mentality of people It's just how it is. So today Again, not bullish in the short term long term is a different story. I mean, this is just to me It's just inevitable all this is a net everything we tell about now is just inevitable But the question is when and that's the bigger question So bitcoin broke through 40k and not in the good way it crashed down to 382 So that's a bummer ethereum down again 2600 it was holding 3000 now it's down So let's just let's just say Everything's down. I'm not gonna sugarcoat it. Cardano is down 5% Slot is down. Hey only 0.6% That's not good when you say, hey, it's only down point whatever percent. That's not a great Uh position of power. That's for sure. Everything's down down. Hey leo token. Well leo token Yeah, whatever And nothing is up except for magic internet money 0.3. Wow talk about a project I would probably never get into just because the name alone and that's what's going on Ah bit torn good for all you bit torn holders. So that's what we have right now Let's just jump into it. Shall we and talk about what exactly is going on? So this was this is a pretty good I saw a tweet I thought it was interesting because every I'm up every morning I'm up around five o'clock in the morning and uh, I took a look at what's going on and then I see this from open sea It states we are actively investigating rumors of an exploit associated with open sea related smart contracts That's keyword. This appears to be a phishing attack Originating outside of open seas website. Don't click links outside. So I want to say this again I'm probably says three times for this throughout this whole Uh video today treat everything like a scam and you're going to be a lot happier Whatever you think is legit. Don't think it's legit Go to the official sources go to the official websites go to the official twitter accounts discord I have no faith in discord whatsoever. I have no faith in telegram whatsoever So I always say go to the official websites and at the very minimum I mean if you're going to go really be lazy you go to twitter But you're not going to get really good response because just nothing but a bunch of scammers and twitter too So what's the point of that? So treat everything like it's a scam until proven otherwise You are guilty until proven innocent and I think you'll be happy at least your bank account will So this is what's going on and then first of all, I want to if you're not following greg At 1667 he's hilarious Uh, that's just a little side note. I like that guy or whoever that group of people are so this is what's happening. So what we have here Is this all started a couple of days ago? this is on february 19th and Open sea smart contracts upgrade to delist inactive nft is on a theorem. I had no idea this was going on I had no idea and I think if more people knew about this I don't think this fishing attack would have had legs So this is what's going on as part of the planned upgrade all open sea users Will need to migrate their existing nft listings to a new smart contract. They're listing is not what they bought The nft listings. Here's what's happening Ba ba ba ba The nft listings created before february 18th will automatically expire within a week by february 25th So you got a week through all this stuff this new upgrade will ensure old inactive listings on ethereum securely expire And allow us to offer new safety features during this migration period old offers on items will expire And offers made on the old smart contract contracts will become invalid So this was super simple all you have to do is go to the website, but again, I didn't know about it I don't know if you knew about it And uh, that's just how it goes and it's just one of those things where it's like this always kind of always happens and it it Created an opportunity for this fishing attack. I'll give that in a second So this is how you were supposed to do it to migrate the nft is a two-step process First the user needs to navigate to open sea Pretty simple open sea.io and click on the migrate listings option, which is in the top I'm gonna try this Let me refresh this. God dang it. See technology Okay, go back down. So you just click on migrate listings The next step the user will need to click on the confirm button made available made available next to each listing As shown below and all they had to do was whatever you were listing you just click confirm The notification will confirm the migration and users will be able to view the listings within a new expiration date And that's that was it. That was essentially all you had to do very simple very nice easy peasy lemon squeezy but the problem was is that Here's the problem. I think it's going to keep happening is that people get caught up in the minutia of life You know, you get your kids run around you got a test kind of deadline going on You got to make sure the food's ready Make sure things are clean also have a social life also post on social media blah blah blah Before you know, you're like what there's some kind of migrate. I don't something. I don't know something's going on I know people like in the comment section. I'm gonna hear it But you know, you got to be very stringent and so on and so forth. Sure. I guess but it is, you know Human nature doesn't matter how smart you are. You know, there's screw ups a bound So that's what was supposed to happen and here's what happened. So there was an email list And well, there was an email sent out by apparently open sea and it says hey there Remember that thing we were talking about migrating your ethereum listings. Well, don't worry. We got you covered Just click here to get started You haven't and exactly the same wording you haven't tell 2 p.m From why for more and why we're upgrading to a contract to go to the health center So first of all, let me just fast forward a couple things if you ever get an email like this I did a video. It was very simple And it was called losing everything with one click Spammers spoof my email and in that very short video. I think it was like 12 minutes. I show you all's you got to do is Let me open this up real quick If you go into the comment section Ah, hold on But uh, we had to do uh, through sales and Let me get this out of the way 123 So if you go into the description of every one of my videos, there is this link. It's right here Just pull this up before think it's a scan email There's a google apps It's from google and shows you exactly how to do it and then I show you how to use the email analyzer So you can do that and make sure that you are not getting scammed. So all you have to do is do that And this little thing over here Would not have happened because you would have known it's that wasn't from open sea and you could tell very easily, right Well, that's what we got remember people are fallible. Nobody's perfect. That's just how it goes So this is what happened and this is from this is a thread from uh charlie marketplace I don't know who this person is but uh founder of charlie doww economics data science. Great good for Them him her whatever And I found it was fascinating How you can track things as far as wallets and you can track people down and I and it's a good example of how You know that that discussion that uh Government has as far as like elicit activity and people are using this for terrorist organizations and and money laundering and blah blah Who the hell would do that if if you can put it on an open ledger? I don't understand and I think like right here just kind of proves that and it also I think the government really does know that that's why uh the fbi formed a digital currency unit Because they know they're like, you know, if this is a lot easier Just following these public these public ledgers and busting people so Again charlie. This is a good example of how you can hunt down people. So open sea hack is bad This guy tornadoed uh into a fresh wall 12 30 made a weird contract call in january So open seas contract and now he's pulled 18 and counting batches of nfts I think it's more but it's not it's not like a ton and then my next question is I don't understand this Is if you steal a bunch of nfts, who you selling them to? You know, I mean, I guess you could sell them But I mean you couldn't really prove it It's not like you can go to like a centralized place because if it goes to one wallet You can tornado and and you know move it across multiple multiple wallets But if they already know that nft in that series is already stolen. I just that part is beyond me. So anyhow They were able to find that these different wallets all points to this one person and then if you come down here update diagram looks like open sea has tagged this person as a suspect and He says hey crack and support coinbase check the dms I can provide pdf copies the coin makes linkages the most obvious, but this is what I got So again, you can just follow these different public ledger wallets and kind of get things That was actually pretty funny To find out who actually was and then lastly Coinbase is a much easier trail of crumbs will dm you full diagram source everything with transfer Or transaction hashes so again another way to just this is how you follow the trail of money And all the different talkings and public opinion about oh, this is so useful less less activity I gotta tell you if I was in the cartel still i'm just kidding if I was in the cartel I sure as heck wouldn't be using Crypto and digital assets to move anything around because I could be followed pretty easily So that's that part and it looks like there wasn't a huge amount of nfts Taken but people were It was a fish attack they clicked on it It would go there metamask and they were and they were able to take not just the one nft But all the nfts that were in there. So we'll see how it all plays out but is One of those things and it's one thing that I will say is this is don't feel bad If you did get hacked because I get email every single day I get a dm every single day if someone gets hacked now look at this It doesn't matter how smart or how dumb you are doesn't really matter because look at this one this is I don't know who this person is software engineer at openc previous google.microsoft Jan clarin.eth this can't be this has got to be fake but I thought it was funny because Out of the fake phishing ones. Here's jan clarin.eth So even that person potentially had clicked on it take it as you will But trust me like for me when I get emails and dms. This is like some pretty like I've had I've had doctors. I've had people in computer science. I've had people who deal with computers all day long I've got you know people who are you know CEOs of companies getting scammed left and right because they don't understand so if you're getting scammed It's uh, you're in good company because it seemed like everybody does and then This is the part that Doesn't really make sense to me which is And maybe this is because I didn't get this email So I wasn't able to click on it and figure it all out But there is this this piece right here where it says and this was from uh Daniel got hits He says do this guy try to warn openc last month and ignore them He says if you ever use openc your funds are NFTs are not safe. There's a bug in the Wyvern token transfer proxy approval That allows anyone to transfer NFTs to other wallets if anyone has experience with openc contracts show me a dm And then there was this person that said hey, I got this that popped up Uh for my wyvern exchange contract should I sign this because I don't know if this is the actual hack And this is what wyvern protocol is decentralized script of commerce I don't know if this is part of this but it has nothing to do with what was supposed to happen Uh over here for the actual updating the listing. So I'm not really too sure about that So it just it's just one of those things where it's another another layer of of confusion And again, if you ever have a question just go to the original source go to the website Maybe go to the twitter don't I hate discord and telegrams just full of scammers It just kind of makes things a little easier and then lastly Before I ask the big question There's always stuff like this like look at this. This was sent to another uh subscriber It looks pretty legit, right for metamask. Hey metamask requires all users to verify their wallets or to comply with kyc regulations This must be done before February 18th as a regulator financial service blah blah blah verify your wallet It looks pretty official and it even says support at metamask I guarantee if you click on the metamask to see where it's from it's not from metamask obviously and again Link in the description Teach you how to do all those things and that's it and I know a lot of people right now are saying well Who would fall for that? Who would fall for that? Well, I got to tell you I've done a couple of polls and asked people How long have you been in this space? And it's Majority like over 50 got in in 2021 And then the next highest is like 30 percent Uh 2020 then everything else is below that but you're seeing the lion's share of new people So of course they're going to get scammed out and they're going to get screwed over and things like that So this leads me to my last question and I'll get to the central banker part This isn't going to be a popular Statement It can tell you that right now But the question is Are scams and scammers Good for people And before you're like well, obviously not that stupid. Why would you say that? Sometimes, uh, these things are pretty good teachers. I'll be honest with you You know, my story is I lost 20,000 Ada because I didn't write them down in my, um Stone book because I thought I could I would just write it on a paper and I'll be okay Well, I lost that piece of paper. Well, guess what that was 20,000 Ada, which at the peak was worth 60,000 Now it's worth still 20,000 dollars roughly Um, but it was a good teacher and guess what now every time Those mnemonic phrases come out because I got like so many wallets out there You better believe I'm writing them down in the right place I'm double and triple copying them and in different areas. So I never lose those things So these scams and people will say well, that's the most awful thing of all time I gotta tell you getting screwed over as a hell of a teacher It really is And I'm not saying that people getting scammed for their all their money like what I used to deal with like Helping the elderly and things like that, you know for home health. They'd lose all their money But in some situations like if you lost a couple of NFTs because you clicked on it depending on the nft Some of those are worthless. So you're probably like, okay. Well, you got me on that one Now I learned my lesson fully once and so on and so forth and sometimes I just think that some people Not everybody but some people are just hardheaded and they have to screw up And they have to have these bad things happen before they actually learn and actually take action That's just the truth So I'm not saying that I think everybody should lose all their life savings. That's what I'm saying I'm just saying at some point Sometimes getting screwed over and getting Fished is a heck of a teacher before you know it. You're like, okay, I get it won't fall for that and hopefully this happens Before you have a ton of of crypto holdings because imagine Imagine if you got in 2012 you made it all the way here the 2022 And then, you know, you get hacked for you know, all your crypto You're like, wow, I just that was like nine years of my life and now it's all gone So anyhow, that's all we have in that. Well, let me know what you think about that in the comment section I'm sure it'll be rich and then let's finish up with Central bankers can own crypto. This is a pretty good one. So Let me pull this up here. So just real quick Federal reserve officials are banned from owning crypto. I actually like this is actually how it should be So and at first when I read this, I'm like, this is great news, but just wait as a twist So to ban senior officials from purchasing individual stocks or sector funds as well as from holding crypto commodities and foreign currencies was just went through For the bill executive must give 45 days notice Before buying or selling a security which they cannot later reverse. That's good 45 days I guess the 12 fed regional bank presidents will be required to publicly disclose Security transactions 30 days in advance. I gotta tell you if there's anybody I'd want to follow as far as like Like stock advice probably those guys and gals because I think they know more than I do And they also have inside information the move comes months after federal reserve governors Robert Kaplan and Eric Rosengren left their positions September following controversy over personal trades And if you're not from America, I think this actually happens in other countries too Congress senators Congressmen and women and senators they can they can get all the insider information they want to and they can still trade stocks For our federal reserve our central banks, they can do the exact same thing And now they're trying to make them stop because they were getting too rich, I suppose And to finish this up though great article from Casey Leiter Under the new rules officials will have 12 months from when the rules go into effect Which I guess goes in effect May 1st to dispose of freshly banned holdings new personnel Will be given just six months to do so So if you think this is a fast action type of thing, it's not but it's a maybe potentially a step in the right direction Although I gotta tell you I would love to follow these guys And what they invest in stocks, you know, I don't really invest that much. All right, so that's it and uh 120 minutes. That's not too bad. So look that's it for today's stream if you have to take off That's great. I mean get out of here because it's uh sunday also before you take off consider hitting the like button subscribing and if you're gonna Minds well subscribe you've made it all the way to the end and then if you're gonna hit the Down vote or the thumbs down just tell me why maybe I can fix it And that's it. So now we'll get into the q&a and we'll do five questions in five minutes and we'll get the heck out of here So Here we go What do we got? I should probably pull these up In one year, you're gonna laugh. Well, I think we're all gonna laugh. I gotta be I'm just in a I'm in a in a quick mood because I got a lot of things to do today, but I have to Make sure everybody knows Short term. I'm pretty bearish But in the long term I'm very bullish because again, I live through You know the internet coming of age I live through, you know The dot-com bubble and the housing crisis and all those things and I live through the 2020 crash of crypto in march and I just see Where technology takes us and really is inevitable not all these crypto Projects will be around most of them are trash But uh, you know the good ones will stick around Uh, so that'd be good Jack Garvey says rob. Do you agree that bitcoin? Here's the question number one is not a currency And being labeled a currency is a mistake. It's a store of value Similar to a digital property used to retain generation wealth. Check your twitter. So the question is it's valid But I mean in the name itself cryptocurrency Can you Is it a means of exchange? so Having said that can you use that to Purchase goods and services. Yes, but the same thing is can be said for gold Can you use gold to purchase goods and services? Yes, you can does anybody do it? No Nobody's using bar of gold to pay their contractors. So To say it's a mistake as a currency I think it has um It is there's multiple ways you can do it the real question is it doesn't matter what I think What it really is going to come down to is what this task force put together by biden is going to do because he pulled in the cftc the sec and the occ and uh, of course the attorney generals and they'll have to sit down and figure Out exactly what they're going to label this and how they're going to regulate it. So it'll be interesting what they come up with I don't really care which way the other just give me the rules So I know how to play the game so I can work around the rules. That's it all right Let's see. What's this scan loss 4k beta when you're a wallet had sync issues And now I never liked you were a wallet Between us while it was showing zero you're on twitter said there were sync issues next to the email with link to fix the sync issue scan yeah Check those emails Let's check the emails and you know how to do that now. Okay Second question. Do you only have tees? Yes What's the portal over you're expecting this week? I'm not expecting anything. I'm expecting things to drop even more That's question number three My name is rob, but you can call me dan doesn't matter Digital asset news dan. That's what stands for Go and look at question number four Hey, dan the senate has already been forced to get rid of all stock holdings if congress is also forced to do so It seemed governments trying to protect their own for the upcoming crash and thoughts Well, I will say this Nancy Pelosi, uh, which You're gonna give me a thumbs down Explain why if it's for Nancy Pelosi. Okay, but it's not like she's in the backyard or something Nancy Pelosi, uh, she came out and at first she was like no, there's no reason for us to you know, actually ban congressmen and women from Engaging in those types of things and then she came out and said, okay, we'll do it But I think she's stepping down so she's like whatever. We don't really care So it's a good theory. I mean to say like well the reason why they're They're saying, you know, hey, we're going to allow this to happen. It's because there's a huge Crash coming. I don't think it holds weight because remember when is all the money made? all the money is made When the crash happens because that's when you buy a bunch of stuff I got it when 2008 people made a boatload of money in 2020 people laying a boat on money in crypto too So I think this is it would be very foolhardy for them to say Well, we're not going to allow you to trade which we're going to let you to offload it Which this is not really the time to do that, but sure. Uh, I think, uh, That would be I don't think that holds water Uh, this is a great question. This is the last question. We'll get out of here How do you make sure your wife can access to your crypto? If something happens to you, so we have there's The stone book I keep it in a safety deposit box in a bank So and some people some people say well, how can you do that because the banks trust me? Uh, it's a little bit safer than putting it under my mattress And uh, if somebody breaks in and they know anything about crypto like hey, look at this I got this guy's well the chances are low but whatever So she knows where to get that that book and she has the access to it right there and there's instructions in there so that's how I did it but Uh, if you like I talked to this with alex machinzi over at celsius and he said that They have a way That if you if like let's say god forbid, you know, your significant other passes away and you're married Then you he says if you show the death certificates and uh, and uh Have the not the will but just want to transfer it they will look into it and And transfer and there's another way to set it up, but the easiest way quite honestly is I mean if it's just you and your wife just do it that way another way Would be to do it as far as like a will and who gets what if you got like If you got like five kids and your wife well, who gets what now is your wife going to take everything Maybe it's your second wife. Maybe we should put that in the will and then go from there But there should be somewhere that you can actually Um Access that stuff and they know how to do it. Okay All right, well, this was the last question because someone did a super chat I yeah, I can't show it but uh, I and uh, Ian husson says hey rob. I invested in the panther protocol They screwed us from day one. So I agree. They're all scammers. Great. That's that's a comment This is another thing and I'm gonna leave you with this This is why I don't do a bunch of deep dives And a bunch of looks in different projects because then people come back to me like you were talking about that project So what I do is very safe stuff. It's for stuff like this Like I mean how many rug pulls has as uh, defy gone through. I'm not sure ask mark cuban He was a velvet two of them So, I mean even as smart as you are it's still gonna happen So I try to be a little bit more safer because in the long run. It's not how much you make It's how much you keep all right. That's it for today. So thanks so much for watching Like this video thumbs up subscribe all that good stuff Give me a thumbs down tell me why in the comments and also if you're watching the replay I'm gonna put two videos up for yesterday's video and then probably dca And then I'll actually I know I'm gonna put the video that shows you how to check out the emails But again, it's in the description of every one of my videos. You can find that so that's it for today Thanks so much for watching. I gotta go to the mountains. We'll see you. Bye