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Bitcoin Developer James Lopp Has a Warning for Trezor Wallet Owners After One User's Alleged Loss of Funds

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    James Lopp urges Trezor wallet owners to bookmark the company’s website after one user allegedly falls victim to typosquatting

Cover image via news.u.today

Cypherpunk and Bitcoin developer Jameson Lopp has taken Twitter to warn his followers about the practice of typosquatting (when bad actors make barely noticeable changes in the domains of popular websites). In such a way, they want to lure in unsuspecting victims.

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His “security notice” came on the heels of a post on r/Bitcoin whose author allegedly lost his Bitcoin funds, asking whether his hardware wallet was hacked. One Redditor explained that he was most likely redirected to a fake Trezor website due to a typo.
Bitcoin Developer James Lopp Has a Warning for Trezor Wallet Owners After One User's Alleged Loss of Funds
Lopp encourages Trezor owners to bookmark trezor.io instead of manually typing the site’s name when there is a need to access your funds.

However, the OP claims that he visited a genuine website. Hence, it appears that typosquatting wasn’t the problem, but it’s unclear whether his story is legitimate.

What’s your take on this story? Feel free to leave a comment!

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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Bitcoin Price Likely to Decline to $7,800: Crypto Analyst

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    Bitcoin is to find support at $7,800 or recover to $8,300, an analyst writes, but either way ‘continuation of the ranging on either of the levels is going to occur’

Cover image via www.123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Over the last few days, Bitcoin has been trading below the $8,500 area. At the moment, it has recovered to $8,258 after the recent slip below the $8,100 level.

Analysts have been bullish on BTC in the long run, however, the nearest BTC price movements are expected to be bearish.

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The crypto analyst @CryptoMichNL believes that there are two paths ahead of Bitcoin at the moment. If it fails to recover to $8,300, he says on his Twitter page, then the market should be ready for the flagship coin to drop and find support at the $7,800 or $7,300 levels.

Whichever way it goes, ‘continuation of the ranging on either of the levels is going to occur’.

The analyst tweeted this forecast twice with an hour pause.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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