Topic: Bitcoin wallet update warning (Read 194 times)

Thanks Op for the update.Every user on this forum ought to have known the best digital wallet to store his/her asset because it's there on the pinned thread in each board,you can also find it in beginners and help and I wouldn't want to digress because that's not the content of the Op's thread.Updating Bitcoin wallets should done on Playstore or through sites where you downloaded the app and not on pop notifications sent by scammers on social media platforms.There are certain things you need not to be told,you can as well dictate most things yourself, scammers aren't joking with anyone and so we should apply same energy we shouldn't joke with them.

Normally your wallet shouldn't even pop up updating notification itself, that's was a clear red flag. What I normally do is once or twice in a month I usually go to the place I downloaded my wallet to check for myself if there is a new wallet update so I can update it myself, that's how serious I take my wallet and asset safety. Don't wait to be notified about any wallet update, try your best to be checking the wallet website to see if there is information about new update. Scammers are not sleeping so should we not also sleep. The issue of clicking on links has been said many times here, so anybody wey still dey click on unverified link is solely responsible for any outcome.

Una do well boss
But frankly we’re seeing this things from a standpoint of someone who already knows what to do and not the other way round.
 bitcoin and its entire process from buying to selling is a complicated one even for an average learner not to even mention a total newbie.
This is Nigeria and you’ll agree with me that, our brains and mindsets are wired differently and most times people just jump on things without a proper research.
And that is why we don’t have to totally blame people when they make mistakes that’s why it’s called mistake because no one would want to intentionally give out their hard earned money to scammers only to end being hurt.
The idea of using a separate device or phone are for those who can afford it not someone trying to patch up life and trying to pick a path in the crypto space.
Some people also fall victims of these things in process of trying to seek other streams of income online and end up falling victims of circumstances so we can’t end up blaming them.

The issue of thread repeats took even on the main boards are totally unavoidable and that’s not because people are doing it intentionally but you’ll agree with me that, there is always an excitement after one finally puts together a topic and a lot of users make threads out of excitement believing they might be the original author.
There are also topics that can’t be overemphasized on like topics such as:.
~Addiction
~wallet safety
~ scams
And the rest of them because these are major occurrences in the space and people need to be reminded regularly so that can always stay conscious and in some case these topics aren’t talked on in weeks and maybe month(s) and remember that out of sight is out of mind and people forget the important things and as such, I don’t think it’s bad starting a new thread on a similar matter as even the forum also suggests creating a new thread when threads and topics have stayed so long without comments

Just my opinion and thoughts

Na true you talk and like this people need to be extremely careful on the kind of things they do especially that of wallet of a thing. E go also better to get special phone to store wallet and every useful information.

Precisely my brother, precisely. One way way be say, person go carry stir person go the wrong direction na to do that thing way you feel say, e no go fit do am. That thing way you go call unwise or no go expect pro-hackers to do na em them go result to doing and you kwa, you fit decide not to look. Make we no forget say, this fit be rushed job to eat, clean mouth and commot o! That one Dey for one corner. If e Dey shah, na watin i for still check if na watin en Dey familiar with it e go fit trace am back to one exchanger or other complains from people as, e Dey very likely say, no be one person Dey suffer this kind thing from one roughed person shah.

I've never heard of such things and up till now am still trying to figure out how this was possible. Are you saying that there are people who uses Bitcoin wallets and do not add a security to it. Imagine clicking a notification on the top of the screen and then it was directed to Trust wallet yet there were no security gateway requesting for Trust wallet password.

I think that is where the problems start from. Whether Trust wallet or not we should always keep our wallet with security pins if not the app security pin but any app security luck in our mobile phone.

So, what will he do with the transaction ID and receiver wallet? Start tracing onchain with little or no experience; the coin is gone; no professional con artist would send stolen assets to an exchange tied to his real-life identity; instead, it would go to a non-custodial wallet or a mixer for a clean coin..

That is the best to do because when a user do have multiple devices or even using his system for some of cryptocurrency storage of assets it could be very hard alterations but when they are using all devices for browsing and storing their assets it makes very vulnerable for alterations. Like you said lot of these information has been shared so op should use some search option for most of the post to avoid repeating post that has been shared already.

Everything you said are basic information that any body picking interest in the industry should have but nice effort though. The information has also been repeated on the forum and the local board numerous times but it's good you're bringing it up again so we can be informed/reminder of how easy it is to lose everything but to avoid alot of this wahala, differentiate your device that your wallets is located in from your everyday device and you go avoid 90% of this wahala. Also you wey know say your wallet dey your phone, no dey downloaded anyhow apps or all this careless trending apps dem (e.g secret message apps) because na there scammers dey chop from when you go downloading clones wey dem dun infect already to steal your sensitive information.


Not every posts that has to do with wallet deserve to be merited, if you read above you go see plenty corrections has been given and the publicizing of trustwallet isn't something that should be welcomed on the local board because it isn't among the best wallets to be used. The fact say they can be easily exploited should be a warning that they shouldn't be trusted as where we store our coins. If you dey participate for airdrop or doing other minor online giveaways then you fit dey use am but anything major investment, find a more appropriate wallet to use. Just because sometimes is popular doesn't make it the best.

True, everyday we learn and this is a good update. But it still seem a bit impossible because I have underestimated the computing power of programmers/hackers. I believe there are more of hackers in crypto than any other fields because the frequent occurrence of such news and stories is becoming too alarming and the only way to protect ourselves is to learn their tricks and take precautionary measure to avoid them. I feel pity for the person than got his coins stolen by just responding to update that popped up on his phone. I think one of the best way to also save our assets is to use an air gapped device to save our wallets I wouldn't advice anyone to save his electrum wallet in his mobile phone that he carries around. But you can do that for exchanges since we only use them when we want to make exchange. This is an important lesson that we should learn from and make adjustments to our anonymity and security.

Well sorry mate, I think learning from mistakes and error is very painful but it's actually the best teacher and I have also learnt from a mistake I did although it was nothing like clicking a phishing link, mine was actually not paying attention to the minimum deposit and actually sent funds to the address and the exchange swallowed the funds and since that day I have been always careful checking the minimum deposit requirements before actually depositing money to exchange am not too familiar with.

First thing i will advice any newbie is try as much as possible to prioritize the use of cold storage when you are saving larger amounts of funds, no matter the precautionary measures taking on hot storage there is still that risk of losing your funds

To the point of updating your app, it is a bad culture to download the app through play store or App Store, there are many fake apps on the store most especially play store. Visit the direct website and download the app and if possible verify the app for authentication. This is way safer than going direct to the store for it.

When connecting your wallet to any website make use of burner wallet ( a wallet which you don’t have funds on) as this will save from any major compromization should the site be a phishing one. Using your main wallet is risky because even if you disconnect it, you might still get compromised later on.

Post like this are worth giving merits and I wish our senior colleagues can at some point try to support users like this.
Op you did a great job with your work and indeed I must say thank you for trying to remind us of informations like this because a lot of things are already going on in the cryptocurrency industry and people have to be really intentional and very conscious about everything they do with their wallets and exchanges.

I personally learnt the very hard way from paxful after I lost a borrowed fund to clicking on a phishing link from a p2p transaction and that very incidence taught me a very big lesson.

I’ve never liked the idea of having to update my wallet. Old versions works just fine to me most times except, there is some obvious news about the update. Besides, what do you need from a wallet rather than have it receive, store and send funds when you need to. Some of the best updates that could happen to a wallet is the ease to having to access functions like fee settings, bump and double spend. Other than these, it’s pretty much not worth it most times for me. Transactions are broadcasted to the blockchain just in the same way and they meet the same challenges so, why bother!

Something I might ask though, funds don’t just get missing without no traces. Perhaps your friend @OP should check if their was any transaction initiated on his behalf from that wallet since he/she supposedly still has it before any conclusion.

Although na true you dey talk sha, we just need to dey careful for anything we dey do because scammers dey upgrade almost everyday and anything we dey also do we gat use sence make we no go fall for trap. No be say person go dey claim say him don Tay for the system say nothing fit do am, forgetting say as day dey pass anso people dey upgrade. For me Presisly I dey dey extremely careful for wetting I dey do expecially anything concerning wallets and ads or because most of the scammers they use all those format dey enter people so make we just dey careful Naim be the piece of advice I get for we

I don't advise people most new comers  in the cryptocurrency market but to use Trustwallet because of the user interface. It is complicated to use and the transaction fee e dey high. And normally Trustwallet e don upgrade him wallet because of all those nonsense wey dey happen.
And di best wallets to use in dis cryptocurrency market na Electrum and Bluewallet too w dey good.

Na good update be this as everyday person dey learn new thing and na better lesson be this, I be don see one thread about google playstore and scammers for beginners and help board. Aside crypto scam sef scammers don dey creep into playstore with fake apps and different kinds of update no be today, make we dey sure wetin we dey download as our activities sef no safe mostly for google. Lastly wetin we give out sometimes fit come turn against us as na wetin concern scammers so them no even care, here na the link I dey talk about; https://bitcointalksearch.org/topic/you-are-responsible-for-your-own-safety-5494158

It doesn't work like that my bro, firstly you don't "login" to your electrum wallet, na only custodial platforms wey you dey login to, with a username and password, but that one no be the point i wan establish here.

As long as your wallet dey online, scammers go fit attack you. Your password dey only protect your wallet from attack wey dey physical, e no dey protect you from online attack, so e no matter to an online attacker if your wallet is password protected or not.

Thank you for sharing this update here because it’s a very important for all of us, most especially those of us wey Dey involved in cryptocurrency, we have to be careful in everything we do to avoid all those stuff wey fit affect our property, many us just Dey involved in cryptocurrency but some don’t know how to take care of their own property, I have a friend that is hold btc and he like all this kind of stuff wey concern airdrop and he no Dey see any link of airdrop or any update wey go bring money and he no go follow am, na so he go click on link that they ask him to put his wallet address and seed phrase in the airdrop so that he can connect his wallet to withdraw from the airdrop and my guy want to fuck up and do so, na small remain make them scam him and since that accident wan happen he don get sense.

Every day we Dey receive many newbie in the forum and some of the newbie are ready to invest so it will be good if you update them about waiting Dey sup so that make them no go do waiting no good because if any newbie get scam he or she will not trust the forum again and it will spoil the forum name and stop those people that have interest on learning about bitcoin or any other cryptocurrency and invest in it.

If you login to your electrum wallet on mobile phone maybe want to make payment and after that what you need to do is to log out from wallet and exit otherwise if you didn't login out its easier for scammer to access your wallet since is still on active window.
Na just small thing be that, you self supposed understand am very well more than me because i know say my level never even near una own here.

Then for about wallet update, na true you talk; normally every update supposed come from their official website and not from playstore since random person fit launched attack such as vector attack.