Man's digital wallet wiped out after he left crypto trading to robot

The robot, which was able to access his digital wallet, traded round the clock and recorded hundreds of transactions a day.
The robot, which was able to access his digital wallet, traded round the clock and recorded hundreds of transactions a day.ST PHOTO: GAVIN FOO

SINGAPORE - "Buy low, sell high" was a strategy that worked a treat for Derrick when he started trading in cryptocurrency two years ago, so he saw no reason to fix what was not broken.

It was so straightforward, in fact, that Derrick, as he wants to be known, left the trading to be carried out by a trading robot - a software that automates the cryptocurrency trading process.

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