Topic: Are you using a Public DNS server? your coins are at risk ! (Read 18136 times)

Phishing and Hijacking are not to be neglected! Using public DNS is dangerous if your IP is exposed, a plethora of misdeeds can occur.

If you take a look at what Butterfly is doing, you will find that much more enthralling than using a standard, centralized DNS.

Butterfly enables individuals to execute a single transaction and own their domain name forever, free of future payments, which are currently standard, as simple as that. Once a domain name is created and acquired, the initial registrar is its sole owner. This in itself is a major breakthrough in how domain name ownership works. Butterfly has also developed an inherent ecosystem with a native cryptocurrency token, which allows users to create, sponsor, and execute domain names and their creation.

sorry about your loss, i tried to warn as many people as i could by then on Ether Mining group on FB some people got away but most were to late to act! anyway

why not get a hardware wallet? any logical explanation behind this?

thanks

God, thanks for this so much. I just changed to one of the big DNS servers, as a youtube video said they're going to be much faster, but I guess the speed isn't really worth it when these people are getting hacked and then money is being stolen due to it. I'll be changing back VERY SHORTLY.

THANKS SO MUCH!

Offline wallets, keeping coins from any internet connection and hardware wallets are very important. This is clear that whatever you do, you will never be fully safe so the most important thing not put everything in one basket.

The rate at which wallet are being hacked is so alarming especially myetherwallet. I want to know how,where and how mush it will cost to get a hardware wallet, I am very interested.

Most of you heard of the DNS attack which targeted Myetherwallet (MEW) web wallet users. tons of coins were stolen that day ( 6 days ago).

I can not stress on how important it is to use a hardware or at least an offline wallet to store your crypto ,but should you INSIST on using web based wallet keep in mind that you are only a few steps far from being compromised.

there are a few ways hackers can steal your coins, one of the most obvious is a DNS attack, therefore you should avoid using public - known DNS servers such as Google, OpenDns Home , etc ...

1- Always use your ISP DNS server, even though it is probably technically less secured than say  Google DNS server but the fact that it is not used by so many users and mostly unknown, it stays far from the hacker's targets.

2- Always make sure that you are using a secure connection, using chrome for an example, you have to see a green lock next to the url your browsing, click on secure and check the validity of the certificate.

3-The use of Virtual Keyboards can save you sometimes. something like Kaspersky Virtual Keyboard is much more secure than hitting your keyboard.


4-use multiple wallets, remember the old saying about eggs and basket ! it is still valid.

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**Pay to secure your money, as you already know, nothing is free in life, just like you pay to ensure your car , house and health you have to pay to secure your fundings, hardware wallets are really cheap ! spend a little on one !



**Avoid storing your funds on exchanges , exchanges are hackers no1 target. every couple of months you will most likely hear about an exchange being compromised, you do not want your coins to be there !



stay safe guys, this is the BILL you have to pay for owning crypto, you get 100% freedom + you take 100% responsibility of your fundings.

Ledger Nano supports a good variety of coins. now if your coin is not on the list then sadly you are left with nothing but an offline/paper wallet.

Nice teaching but I will like to add that cold wallets from exchanges are a very good way of storing your coins from any kind of attacks. some exchanges give you cold wallets to store yourcryptos that are not needed atm. Look for that.

all the points that you have mentioned are very good methods but the only draw back is that most of these hardware wallets are limited in the coins that you are able to store on them and as such they need to address this issue where they mostly accept the major coins like bitcoins, ether and bitcoin cash but how do you protect the other coins that you have significant investments in ?

Offline wallets, keeping coins from any internet connection and hardware wallets are very important. This is clear that whatever you do, you will never be fully safe so the most important thing not put everything in one basket.

A public DNS server is open to a lot of risks, except it is properly protected using failsafe methods that disconnects the server from the stream in the event of an attack say DDoS.  First of it is that public servers when compromised can bring a lot of pain  to every client who has their sensitive documents, data, etc loaded via the server. All this is usually possible when the server is the target of a worm, host, or virus if the hackers feel something important lies deep in the purpose the servers convey. No one is invulnerable and as such, it is safer to use a private secured protocol that gives a higher degree of safety. never trust public servers no matter how safe they look and never carry out financial transactions over them as your details may be compromised without your knowledge.