Topic: Be careful where you connect your wallet - page 2. (Read 369 times)

I find it perplexing that someone would entrust millions to a hot wallet connected to a third party. These occurrences are disheartening, especially considering the risks involved. It's baffling that even experienced individuals overlook the vulnerabilities of hot wallets. My condolences go out to him.

Or how about we don't just believe right away whatever is written, shared, and posted on social media? How about we try to verify first whether it's indeed true or not?

After all, the poster didn't even provide further explanation or details as to what really happened. The poster didn't even say that his/her wallet is drained after connecting it to a website.

Who knows, those who commented that the poster is merely "engagement farming" or that it's a "troll" account or it's simply "clickbait" could be right?

This is the best idea to use new wallets instead of going with your wallet which is having funds because this is clearly scammers heaven and things can go worst for anyone who is going to do things like these which are harmful for him.
Sometime back I read on social media as one person lost his huge funds just because of these airdrops which he was chasing with his wallet and someone steal his all funds during this with no return for him and then his life was also ruined due to this mistake because this was huge amount which he was using for many things and suddenly lost this all.

Does it really work that way, AFAIK, the industry is not a money making scheme and people do not just make money through crypto. The person would either have to use their money to buy coins and hodl, or buy coins and trade, the other option is if they have a skill they can offer and get paid in crypto. Sometimes the way people sound is misleading and it can make others get the wrong picture about the industry. If this person has lost all their money and does not have a skill to offer, then how can he make money directly from crypto.

Sometimes if you haven’t fallen victim, then you won’t learn to take your security serious, but if you have fallen victim, then you will learn to take your security serious, you will have to do more research just to learn about new things you don’t know about before, but if you haven’t lost money, you might not care about learning new things.

Some people lost interest in bitcoin and cryptocurrency In general just because of the mistake which they can avoid, and they decided to ignore it, so after falling victim, they will end up blaming bitcoin and cryptocurrency for their own mistake.

Some people that do connect their wallet to websites are the ones participating in airdrops, if you Will be participating in airdrops, then make sure you create a new wallet for that, don’t use your main wallet for that, that’s the mistake some people do make, any wallet which you will be connecting to any website shouldn’t have any funds in it, incase if it gets hacked, their is nothing to drain from the wallet.[/list]

Whoops! This amount is really big the user has lost well in my point of view he/she lost it due to his wrong steps he/she must know that he is also living in the crypto space and holding that much big amount so he/she should take action accordingly. Well, if you are the kind of person who uses to connect his/her wallet at many places like at formation of airdrops tasks kind of stuff you should have a separate wallet for these kinds of activities as you are one wrong step is required to experience a null wallet that is why one should always think before taking any action in the crypto space.

On the other hand, one should keep disconnect his/her big wallet from the online world until he needs his/her funds in an urgent way and at that time must use your wallet at the right/trusted place. As these days are very tricky sometimes users get trapped by many tricks including dust attacks, phishing links, Loop whole apps/third party applications, and much other stuff we have to stay up to date to avoid these crypto attacks.

That is an extraordinary amount for me, very unfortunate. It looks like he is really going to give up and be very bad with crypto experiences. In fact, maybe it was either his own fault or because he didn't understand the dangers of connecting wallets like that easily.

But it is true, in crypto, safety and security are very important and we will definitely continue to fight for it. For this reason, it is important to maintain privacy and asset security. So that we can at least minimize the risk of loss like that.

Connecting our main wallet to certain platforms / dApps or certain other websites is very dangerous. especially if the link we use is a phishing link from various promotions or emails. This would be very dangerous.

It's actually a crazy world. For civility sakes, let's say it's sheer carelessness that makes people do something as irrational as what happened. Otherwise, I would just put it as stupidity too. It's sad that people still get to lose their funds this way when they can easily get burner wallets to try these things out. It doesn't cost much time to create one. Just a few minutes.

Having loads of money doesn't bestow wisdom on people. Being wealthy doesn't also mean one is that smart. They could stumble on wealth through inheritance too. Does that also make them smart and rich? Of course, not.

I wonder if the protagonist of our story was aware of the wallet he was using. Chances are that he was thinking that he was connecting through a dummy wallet. If that was not the case, then I'm afraid that the poor dummy was himself. Or millionaire, like someone said before.

Either way, good to remember: if you hodl, make sure that your funds are safu.

This person isn't totally gone, he will be back, where else will he be able to recover what he has lost? There is nothing compared to crypto when it comes to making money, it's the best place to get back up on your feet unless you don't know what you are doing.

I was frustrated when I lost a good chunk of Bitcoin sometime in the past, I got mad that I stayed away from crypto for weeks before coming back, today I have made more than I lost then.

The advice I have for people on here is to never connect your crypto wallet to anything, whether it's a cold wallet or you are someone who can't afford a hardware wallet and only uses a software wallet, do not connect your wallet to anything.

Its only airdrop and testnet participants that must connect their wallet to anything and the smart ones always use a separate crypto wallet for airdrops, they don't use their actual crypto wallet for airdrops.

It is mostly newbies who make the mistake of connecting their wallets to unknown websites and links, because people who have invested a lot understand that keeping their wallet even away from a normal device that people normally use is a number one factor to ensuring safety. People also who do not have a sure way of getting Bitcoin are the ones who are inquisitive enough to try out new ways to earn by connecting their wallets to various address or options that they think that they will be able to earn Bitcoin from. Older investors who understand the method of dollar cost averaging will know that safety is paramount and will not want to risk their investment because they know a way of investing in Bitcoin that will be profitable for them.

A master piece of negligence. How can you connect to a Third party not knowing what impact it will have on your crypto wallet or assets. Now he is saying that he is done with crypto it's not at all the fault of the wallet owners or the crypto space It's 100% the victim's fault. You have to be solely responsible for every piece of act you do on your phone.

The best way to ignore these kinds of mishaps is to have a spare phone in which you don't do such types of things. That phone will only be used for trading purposes not for a single thing out of trading. Especially if you're investing that much of the amount you need to go for a spare phone it's very important.

If some project owners were not outright scammers yet and you gave them easy access to $2 million, 99% of the time they would steal it. Using a wallet that holds that amount of crypto and handling it so carelessly is beyond comprehension.

If you must chase airdrops and gamble with new projects, do so with a wallet which does not hold any of your assets. The sum total of the wallet should be less than $500 at every point in time. The wallet should not also be on the device you store your assets.

- Jay -

If you really want to connect then you should just use a dummy wallet so that you won't lose any funds at all. In that way, you can still connect and never lose funds. The other one is you should never connect to anything that you aren't sure of or doesn't know anything about it because it could be a fake or clone site. One more thing, even legit sites have clones so better check carefully so that you won't connect to a fake site or a clone site.

what crazy person puts millions of dollars in a hot wallet and connects to a third party lol. It's very unfortunate that incidents like this keep happening, in fact they are not newbies and should really understand that hot wallets are very vulnerable to being hacked, this is plus they are connected to third parties. Turns out there are also millionaires who are stupid. condolences to him.

Exactly what I was about to say as well because no matter the amount you own, no amount is little because the money you see as little is literally what someone else is looking at so it is important not to link one's wallet with any third part site or app at all. Every one needs to be security conscious of their assets because one little mistake can cause a very big damage that may not be able to recover.

The likes of those that have been involved in joining many of these daily crypto updates groups were mostly found in this kind, they will be given a link to claim a wallet and connect their our wallet as well in joining such with the aim of giving them some particular amount of crypto asset for free, without knowing that they are trying to perform a hack on them and swipe away all their asset from the wallet, I've seen some people claiming they make such offer in this manner and also see someone who has already connected his wallet through their link, but lucky enough for him he does not have fun on his wallet, he would have been scammed.

During the times were I used to hunt scam projects on the altcoin ANN board, I have visited tons of websites where it offered you to "connect your wallet" to their website. I really found it weird that there exists such an option given that it poses a huge risk of connecting your personal storage to an unknown website. Not to mention, these websites contain malware if you attempt to download their designated wallet, which consists of engines and keyloggers.

Unfortunately even with notices about avoiding random links to some projects, people still fail to follow this basic rule. Even with many stories that are being shared about this kind of problem, there are still people who fall into this trap.


I do agree that airdrops have been used as a platform in order to spread malware.

The problem with some airdrops is that if an altcoin sends a token to your wallet, there are some options where you would click on it in order to fully receive it. This is where the scam happens- you click on the link and suddenly an unknown file will be automatically download which contains tons of malware and engines.

Again, keep safe everyone and remember that prevention is always better than cure!

It's the victim's word for me, "I'm fucking do wit crypto.", as captured in the screenshot. While what happened is really disheartening and sad, the victim made it look like it was 'cryptos' fault that his wallet got drained and not as a result of his negligence. Look at the sites he connected to. I mean, they don't even look safe.

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Even the ones we trust, we should always vet them. Something happened a few days ago when I tried to swap a particular token I had so I could rebuy it as I sensed a dump was coming. I've never signed my wallet to sell or buy on Pancakeswap. The options had always been to "Approve" if I'm transacting on a token for the first time and then the usual "swap". So, when I got "Sign" wallet pop up I had to slow down. I suspected instantly that something was wrong. I stopped that transaction. I couldn't go on. I may be unnecessarily paranoia and believed something was wrong and never knew it's the new format but I was glad I slowed down (someone should correct me if I'm wrong). I switched over to another DApp and did my transaction. It's better to err on the side of caution than otherwise to please others.

This saved me recently on what could've been a wallet drainer in my bid to migrate an old token that changed its contract. The link sent to me for that by someone who acted like they were helping out was a genuine site, the same as what the project had on its social media. However, unknown to me that in the link I got was connected to a scam link. Luckily, I got saved because I moved that particular token I wanted to migrate to a burner wallet and attempted the migration there. It was there I discovered it was all a scam attempt.[/list]

I think mjaority knows this but the problem is more users are not taken this seriously. I had a lot of eligible on airdrops but due to suspicious to potential airdrop I didnt claim those that I think arent good or worth the risk at all. Airdrop becomes a mainstream for possible risk and threats especially on social media. There were some victimized due to connecting to a simple airdrop claim.