Topic: Be careful where you connect your wallet - page 3. (Read 399 times)

No, such negative examples can't influence people to take the security of their assets seriously. Only personal life experience encourages people to change the strategy of their actions. Many people are careless about the issue of storing cryptoassets and forget the rule that it is cheaper easier to prevent negative consequences than to deal with their consequences. I'm inclined to think that everyone has to lose crypto (everyone has their own level of loss) before learning how to safely store it.

If your cash falls out of a hole in your pants pocket, is that also a reason to hate fiat money? This guy from Twitter is being inadequate. Owning crypto (as well as traditional money) comes with the responsibility of keeping them safe. If there was a loss of crypto, it means the owner made mistakes, and not that crypto is f@cking bad.

They maybe come to experience that because there's no one warning them that what they do is so risky and they just learn their lesson in hard way once they experience to get scam by doing such action that's why we can see that there's still a lot of people got victim on this repetitive scam since not everyone knows the risk and they think that all they are engaging is safe but turns out not. Its important to have this kind of discussion so once a newbie will do their own research they can figure out that its really bad to be so greedy which they always look for profit and they need to be more vigilant on platform they are participating so they can avoid to get scam and participate on those activities that they have chances to gain.

Scam and hacking discussion is everywhere and newbies should do their research since this is important thing to do if they want to know something about those methods used by criminals. Also to know what is best to participate and which is not.

You try connecting your wallet with other websites, always take precaution because the slightest mistakes can liquidated one's account. The airdrops are everywhere and is our main responsibilities to haunt them because that's one of the basic means of staying profitable in the market. This space is beyond everyone and we should always look out for the worst results because there's more coming. We should never embraced poor results knowing fully we'll it's mere setbacks and we should look forward on the brighter side, where we can secure winning.

This lesson is not new and recommendation for safety repeatedly said on the Internet.

If you have $2M in capital, you should never store all $2M in a single wallet.
Split your capital ($2M) to different wallets, hot wallet, cold wallet, single signature wallet, multi-signature wallet.
Split your capital and wallet on different devices.

The bottom line, and is vital, don't explore new platform, new smart contracts, with a wallet in which you store big capital. What is big capital?

What you see fit, $2M or $1M or even just $20,000.

For new things (projects, platforms, smart contracts), explore them with a small wallet.

Remember to revoke smart contract approval after you done.

How to revoke Token Approval.
https://etherscan.io/tokenapprovalchecker
https://revoke.cash/
https://app.unrekt.net/

Having such an amount without the right security knowledge will lead to a loss of funds. If he can afford to hold such an amount, then a hardware wallet should be the best option or he would have considered an airgapped wallet. There is always a need to separate your main hodling from the wallet that is connected to the internet. It's so sad that somebody lost such an amount when many people are struggling to survive. 


Sometimes people are so greedy that they fail to check the website they are connected to. Immediately they see a project which promises great returns, they hastily click on it without proper security checks. Most of these projected high benefits are just baits to attract people to the scam or hack. 

   Yes I agree, having a burner wallet is very very necessary for crypto users, there was a post about newbies having a burner wallet and I found that post so interesting and helpful for those that feel that owning this multiple wallet is just stress, now we have seen some instance on why we should own burner wallet. Using your main wallet to partake in all this testnet and airdrop is simply putting the wallet at risk making your funds vulnerable. Now one is safe from all this hackers out there because as time progressives they become more smarter on our to go away with our funds, this is why we need to also step up our security measures in our own part so as not to be a victim to circumstance. I don’t like to take any chances, I am always careful when it comes to my money, I think I have about 5 or more wallets and each wallet has its uses cause I use them for different purposes.
  I urge every crypto enthusiasts and newbie to at least have more than one wallet this is the best security you can do for yourself. Also people have been stressing on taking precautions on some of these airdrops being scams, it very easy to lose and hard to build. If you have to do participate in those airdrops at least make you are directly working from the site provided by the project you’re working for. They are pishing site to deceive us. One need to take preventive measures when dealing with these sites, if you don’t have an idea of what you’re doing it’s better to just stick to the one you know rather than losing your hard earn funds in the name of chasing more profit.

Mostly the people encounter that situation are participating on any random airdrops posted from unknown sources and they connect their main wallet to those baited platform then that is the result of what action done.

To avoid such incidents people should consider this.

Always use a dummy wallets on all airdrops activities they are participating.

Choose those airdrop which community is active since from that most likely hacking most  likely not gonna happen since for sure devs have other important things to do.

Don't connect your wallet everywhere since this is the new method used by those hackers and they want to attract people to connect your wallet and the hack the wallet of those people which have a lot of balance left in their wallets.

To many more need to look at so hopefully all people are vigilant to know how to became more safety on anything they are participating.

Having a million dollar portfolio does not guarantee that the person is smart and alert. because they were too careless with those million dollar assets. it's very crazy when I get this kind of news and it even makes me quite worried and always researching the dAPs that I will connect, it's quite scary if that happens to my wallet and of course the assets I have collected will be lost. Therefore, I separated the main swallow from the airdrop swallow or swallow for hunting new projects.

All in the name of trust, if they still want to, they will destroy the trust between them and move away with large funds of peoples money that entrust themselves in this people.


Just ensure that you use a burner wallet, a wallet that you’ve only created for such purposes which contains little or no coins in them to act on such games that can pose high risk of theft from people like that.


Phishing site still remains one of the best method used by scammers to get to their victims. Check for the original url of what you’re about to access again and again, only a single alphabet on the url can change the page and site of what you’re trying to access into a scammers website.

Nothing or no one can be trusted with money these days, so a person shouldn't connect their wallets containing funds to any website or service. If they wish to do so, they should simply remove the wallet with funds from the extension if it's an imported wallet, if it's not, they should use a different wallet extension.


Why keep anything in it even if it's affordable? Don't give these people even $1 who steal and eat the hard-earned money of poor users.


They mostly target newbie investors and users by luring them in with things such as free airdrops, NFTs, claimable rewards, and a bunch of other stuff because they know newbies are more vulnerable and can easily fall for such things.[/list]

Security issues are one of the most important case that has been treated regularly in this forum and perhaps it's still nice to keep reminding people that privacy, security wise is a core matter for holding of any digital assets.

The person in this case who lost this founds from perspective is not a newbie in the crypto space but the fact that it's an altcoin that is recently performing very high he most have thought less of it being an interest of hackers or scammers whereas it's worth a very significant amount of money that shouldn't be joked with.

The hints you gave are very nice for the security measures of one but it's more advisable to stay offline (using a cold storage) wallet in order to remain safe although there is no 100% safety but at least we should try all our possible best to stay safe on the internet.

Yes it was reported that the popular Solana bot on telegram know as bonk boy was exploited and many of its users who had connected to it got their wallet drained. The official Twitter handle of the bot actually denies the allegations and was that it was the victim who exported their private key elsewhere. But that’s not the main concern here, anybody who got his wallet drained due to connecting to DApps is more or less the orchestrator of its own problem because the advice has always been to disconnect from it once you are done.


It wouldn’t be possible for all this degen or say shitcoin traders because it is this DEXes that they can buy only. Just has OP has said one should make use of a burner wallet to connect and send funds to the other wallet and also to make sure to disconnect from the bot or DEX after every transaction.

I think this has been a topic of importance for a very long time, but some people still fail to understand this very aspect of security. Over the years, we have seen so many reports of how connecting wallets to unknown sites, airdrops can lead to loss of funds but some persons still plays dump and makes same mistakes. Is it ignorance or just stupidity? At this point, I will say it's stupidity because last I remembered, creating a wallet cost you nothing, so why not save yourself the trouble of losing your saved funds by connecting you funded wallet to unknown sites. Why not just create a new wallet address and connect it there just in case. We shouldn't take any chances when it comes to this part of the world where everyone is a victim.

Don't connect at all, theres no amount of funds that is too small to loses, don't take risks thats too much to bear just because you want to play smart. You may be outsmarted. Connecting your wallets to these sites is not advicible, let's all be aware of that.

I know there have been several post about security and how to be protected in this digital space. Just to emphasize the importance of being careful, I am making this post to share a terrible experience of victim who lost $2m over a simple act of negligence or rather carelessness. I will say he played with $2m that is supposed to be saved a cold wallet that is disconnected from the internet.


Source: https://twitter.com/DeFiDownsin/status/1773655274005369305

I believe that post of victims such as this will make people take the security of their assets seriously. Please stay safe out there so you do not end up hating cryptocurrency in general.

Useful hints:

• Try never to connect your wallet to any website, bot or dapp you do not trust
• If you must connect your wallet to anywhere, ensure the balance in that wallet is something you can afford to lose
• watch out for phishing sites by properly scrutinizing the url of any website you visit so you avoid being a victim