Hey guys crypto Dad here again and I'm doing a special live stream tonight to address the Ledger hack that's in the news I want to tell you if you're at risk and if you're not at risk and talk about exactly what happened happened and sort of break it down for you I've got a lot of news stories linked down in the description below if you want to read up on what's going on here and I want to thank Kenny for providing me these news stories in a very timely manner I had no idea this was going on I was sitting in line waiting to pick up my son from middle school and I looked at my phone and Kenny had sent me an email and so uh I got up to speed on everything that's happening and I'm going to break it down for you so the first thing I'd like to point out is that this does not affect the device itself or The Ledger live software this is a very specific software hack that uh infects D apps and so you want to be very careful to not connect your ledger to any D apps uh at least in the near future uh the uh the exploit has been fixed uh but you just want to play it safe so but the main thing I want to point out is this is not something that will affect your Ledger device if it's just sitting around in a drawer uh this is not going to reach into your device and suck all your crypto out this is a very specific attack that H that happens while you are interacting with a d site and it does require user intervention so you get a popup...
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A ledger is a record-keeping system or a financial document that tracks and records all the financial transactions of a business or an individual. It is a fundamental tool in accounting that helps in maintaining accurate and organized financial information. The ledger consists of various accounts, such as assets, liabilities, revenues, expenses, and equity. Each transaction is properly recorded in these accounts, ensuring that all financial data is captured and can be used for analysis, reporting, and decision-making purposes. Ledgers are essential for businesses of all sizes. Large corporations, small and medium-sized enterprises (SMEs), nonprofit organizations, and even individuals require ledgers to maintain a clear and transparent record of their finances. It helps businesses monitor income, expenses, investments, debts, and overall financial health. Additionally, ledgers aid in preparing financial statements, tax returns, and complying with legal and regulatory requirements. Apart from businesses, individuals also benefit from using ledgers. It helps them keep track of personal income, expenses, savings, and investments. It enables better financial management, budgeting, and planning for achieving personal financial goals. In summary, a ledger acts as the backbone of financial record-keeping, providing a comprehensive overview of financial transactions. It is utilized by businesses and individuals to maintain accurate accounting records, ensure financial transparency, and make informed decisions.
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