Topic: Be careful where you connect your wallet (Read 369 times)

I don't understand how Solana could connect to a fake website with a wallet holding over 12k I would call this user nothing but an absolute idiot. He has no idea how he managed to connect the wallet with so much cryptocurrency in one wallet. However, it is normal to get hacked after connecting the wallet, but those who have not experienced this before, please be careful and never connect your wallet without a trusted site from an external source.

and because of this, it is very important for crypto users to be able to check and verify whether the site they are visiting is truly safe or not, because when they connect their wallet to the website, third parties could exploit this and empty the assets in the user's wallet. and it's even better to create a burn wallet which will be used as a temporary wallet and prevent users from connecting their main wallet to random websites.

This is true careful, never just confirm anything on popup make sure to read before confirming any signing of your wallet, and always use a burner wallet and not main wallet, i lost almost 4000usdt from this, first time happen to me, and this should serve as a lesson to everyone don't be too confident, always double check or check multiple times, hope it will not happen to everyone because it really hurts.

If you investigate that person very well, you will find out the person don't have the knowledge of cryptocurrency because someone that have the knowledge of cryptocurrency wouldn't use such wallet to store huge amount of cryptocurrency in his wallet. To get standard wallet that will make your coins safe in your wallet will not cost you anything, all you need to do is to download and follow the procedures to write down some necessary things that will make you to have access to the wallet in future in case anything happen to the wallet. I think, many newbies will learn lesson from this, because they always see things like this as things they can do easily but at the end they will download wallet that will make their coins not to be safe in their wallets.

Whoever holds thousands and millions of dollars worth of assets in his primary wallet and connects it to one of the suspicious sites that he may have found on social media or in search engine results, and if he interacts with one of the malicious DApps after receiving airdrop scams for one of the NFTs or tokens and after he accepts the request in his wallet, his wallet will be drained. It would have been better for this victim, who has this large amount of money, to be vigilant and cautious and not try to take any reckless and hasty action using his primary wallet to avoid any risks you may face. An alternative wallet could be created that does not contain his capital, or as you mentioned, he could keep 99% of his assets in a cold wallet not connected to the Internet, which is advisable. Any person should not neglect to do his own research and prioritize the security of his assets because the money he sought to collect over the years can be lost in less than a minute after he falls into a scam.

when is that we like to expose our seed phrase which is totally unacceptable because once you have exposed or save your seed phrase in your email address and if you mistakenly lost that email address it is very obvious and the quite understanding that someone can equally penetrate into your wallet so we should be a careful of sharing our seat phrase to people that we trust or saving it online that is one of the dangerous things that I can make you to lose what ever you have been investing or serving for years it will be easy for any hacker or any person to penetrate into your wallet and withdraw whatever you have saved for long time

Being aggressive on dealing on crypto platforms are not really advisable to do since we need to have critical thinking or be skeptical on the project we see randomly online. And it doesn't really mean that they have good exposures in the community we can look forward with them and call them legit. That's why a proper background checking on the project also to those people working behind can give us a hint if they are legitimate or not.

Also people should not tempted easily on airdrop offers since usually hacking will start there. They need to be skeptical always and better have a dummy wallet on whatever unknown situation for them so that they can avoid to get a problem with those scam platform which the main intention is to drain the wallet of every user who connect their wallet on their site. There's a sad stories about this and people if they could just read those statement of people maybe they can lessen the chance for them to experience the same unfortunate thing happen to those compromised users.

You don't have to be aggressive this time around because ignorant is like a disease that peg in someone sucking their blood with being ready to eradicate it. This person might not understand how the crypto market works and they think they can just connect their wallets to random sites because of the promise that is going to make them get extra tokens. Sometimes it is gree that are causing this problem and one has to be wise about this kind of scenario because it's still happening these days. I have seen many people complain that their wallets are compromised and they where able to fall victims because they never thought of thinking before they took such a decision.

I don't know if some persons are just plain stupid or ignorant. How can one has such an amount of money and keep it in a wallet that's connected to the Internet? How much does it cost to get an open source hardware device?

If he must connect his wallet to any third party website, why not get a burner wallet for this with little or no funds, so that if it gets compromised the loss would be minimal. Damn, this is sad.

A lot of people do this thing, they even blame the market when they lose money on a trade, lol. What does the market have to do with your decisions? The market never asked you to buy a certain cryptocurrency at a certain price and then sell it when the price is lower than the price you've bought it for, it's you who takes these decisions and you are the one who is responsible for the outcome.

Similarly, when people lose money from hacks and exploits where they click a phishing link or connect their wallet to a third-party website or service which is what happened in this story, they don't think of their mistakes but start blaming cryptocurrencies or the wallets for it. I mean, are you in your senses?

Those people are active in the world of NFT, trades, and altcoins so most likely they left their wallet with a large number of assets, because of sometimes too much confidence that their device is safe they just didnt transfer their money into other safety storage like the hardware wallet, etc. Most of web3 now supports the Metamask and Phantom app for Solana so they just connect their wallet, but they forgot the risk which is the possibility that attacks might steal their money like the example given. This will be a charge to experience but a really big loss. Always use a burner wallet.

The word CRAZY only comes out of people's mouths when someone loses an insane amount of money, warn them about software wallets they will say it the same with hardware wallets since you still have to write down your recovery seed, they failed to do their research about offline, air-gapped capability of some hardware wallet, whereas, software wallets are always online.

The second crazy part is how people have a lot of assets in their wallets and yet they aren't satisfied, still looking to get some free coins and tokens, greediness in people has caused them great losses and they still won't learn.

There is nothing wrong with connecting your wallet to a third-party website, but with what wallet? Your main wallet that you store millions of assets on? Or a random wallet you download from an app store just to claim the nonsense? Stop connecting your main wallet to anything, and use spare wallet for such nonsense if you must.

OP, you make a very important point, we should always tread very carefully in any situation, and if it is money then use the utmost caution. I don't know how people can be so indifferent. A person who lost $2m just because of carelessness is a truly careless person. If he takes care of his wallet where he can protect his money by using a hardware wallet. However, we must learn from his mistakes that we must guard our wallets very carefully. Of course, the wallets and wallets we keep money in should be used in such a way that the seed phrase is not stolen. Of course not to use the wallet in additional places, not to connect different websites, in general not to use the wallet openly. Of course my house must be surrounded by strong walls or it won't be long before everything in my house is stolen.

Basically, this kind people are always not new to crypto but there are truly newbies to how it works technically. One can be in the space for so long and not have a good knowledge of how to protect him or her self from attacks of this nature. It's always sweet when one is a member of this kind of community having gotten the right knowledge on how to protect themselves their wealths are likely to grow because of the basic knowledge that they will gather here.

So considering the fact that this guy in question lost this amount of money, it could be a result of lack of knowledge, you can believe with me that most influencers do not really have the so called bitcoin or crypto knowledge but can have them in their custody because they must have heard of the information at a very beginning stage hence just wager in some cash but at the point where it's required to protect the wallet the may not know those parts and hence being prone to hacks and/or drains.

Thank you so much for discussing something important about caution. In fact people lose their wealth and money only because of their negligence. The person you quoted here should have used a hardware wallet for the amount of money you have quoted here and should have used the wallet in such a way that no one could somehow steal or hack his wallet seed phrase. If I had this amount of money here, I would definitely buy a hardware wallet and I wouldn't use it to hold this investment. However, every investor and user should be careful that the wallet holding the investment cannot be connected to many places and should completely refrain from doing airdrop campaigns. Because most users and investors get hacked wallets to tread carelessly and join some scam airdrop campaigns.

For large funds, avoid third party wallet connection or any third party application at all, the guy really hard and ugly own share from cryptocurrency, but this time is as a result of his own negligence, for God sake how can anyone store about $2million on a third party wallet and being comfortable enough to connect to other third party networks, although we can't say that the hack came in from the network he connected to since he had a telegram bot on.


That both is capable of stealing any information from your internal storage and also steal your screen inputs such as password and the rest.

What made you think that the person that made the mistake isn't a newbie? Is it because of the amount involved. Even newbies could be so much rich. One thing about cryptocurrency is that if you are not careful enough, you could make some mistakes that are laughable. He might have thought of the stress of moving it to cold wallet or has been procrastinating. But where I blame him completely is connecting the wallet with such capital to random websites. Sometimes people who has enough don't value it while some look for little.

We must be very careful about this because for a small amount of money we can lose everything unless we are careful about this. Many times it is seen that we need to connect the wallet to work on some giveaways or some campaigns but many times we connect the wallet without any verification to all these sites without realizing it. We may connect the wallet naturally and normally but many of us may not know that when we connect the wallet, the access to our wallet goes to the third party. If we accidentally connect our wallet to the wrong side, the fraudster will steal all our money in no time. So, without being too greedy about these things, first we have to keep the amount of money in our wallet safe, in that case, we have to refrain from connecting our wallet to any normal site without a verified site.

There are many websites when you registered with them, they would asked you to connect your wallet either to play gamble or buy bitcoin or other altcoins. And once I see such website or casinos even though I have registered , I would leave the website or uninstall the app id it is an app. Then unsubscribe from their services to free myself from receiving emails from them. I am always protective. I like to associate my wallet to any of those "connect your wallet" sites because I don't know what is in their mind. Op this information will be an another reminder to me to protect my wallet and secure them well.

Is that through the Metamask wallet, or am I mistaken? Not that it matters anyway; he shouldn't have had two million dollars worth of crypto in a single wallet. However, that's an extravagant amount of money to lose. It doesn't matter if the person was negligent; it's still a huge shame and a burden that he'll carry for the rest of his life, unless he's really wealthy and doesn't care, which I find unlikely. I personally would be pissed at any amount lost that way, and depending on the amount, I'd think of it from time to time and still be pissed off.

Unfortunately, the internet is full of scammers; it's not solely on cryptocurrencies, and I too nearly fell victim to one a few years ago when I connected my wallet to a phishing website. Fortunately, I realized it immediately and moved my funds. To be honest, this is my biggest fear. This should be a lesson to never connect your wallet to unknown sources, and if you're participating in any airdrops whatsoever, have a second wallet solely for these activities, not to mention not keeping all your funds in one wallet.

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.

---

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.

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