Surprisingly the victim hold his Bitcoin worth of IDR 5.8M in centralized exchanges (Binance) and not using a non custodial wallet. Well it will depends on the victim privacy, did he clicked random sites? Publishing/tell anyone about his coins? did he using public WIFI to access Binance? did Binance information breached? we all don't know about it.
IMO the solution you should have separate cellphones, the regularly you use and the one used to hold Bitcoin (air gapped wallet). Gave him some portions of your Bitcoins on your regular cellphones, while you still hold most of your coins on the other cellphone.
Topic: How is the safest of the 'safest ways' to store Bitcoin? - page 5. (Read 656 times)
This is just like hiding your money underground where nobody can easily access without your permission, of course. And that is where the rub is...your permission can be forcibly taken from you when you are under a knife or a gun is pointing at you or a family member. The only safe way here is not allowing anyone to know that you have Bitcoin or any digital asset. Having a wallet in our smartphone can be risky if there will be someone who will dare to do the unthinkable. Maybe there should be an app that will be hiding our digital wallets and will only show up if there is a command or a password that we can only use when we are doing some transactions. Hope someone will be exploring this option.
This wasn't much of a security problem, rather a lot more of a privacy problem. You can have the most secure device in the entire universe but if you get mugged like this, it wouldn't really matter.
Take a quick read: https://cryptosec.info/wrench-attack/
Take a quick read: https://cryptosec.info/wrench-attack/
If they force you to give your keys or Bitcoin, it will be up to you.
That's why the best thing to do is stay quiet as much as possible, you don't need to tell everyone that you own Bitcoin because that will make you a target.
Another thing is even if you will use hardware wallet and you give them access to it like the private keys or your wallet seeds, you will end up getting robbed also.
That's why the best thing to do is stay quiet as much as possible, you don't need to tell everyone that you own Bitcoin because that will make you a target.
Another thing is even if you will use hardware wallet and you give them access to it like the private keys or your wallet seeds, you will end up getting robbed also.
In the first place im using the bitcoin wallet called Electrum also I add an exodus wallet those wallets are on my computer of course still computer cannot be safe in some instances so I use the mobile application of that platform and then after getting a budget I tried to buy a hardware wallet because it's more secure you have the keys or the seed phrase and no one can get your funds unless you give your hardware wallet. Also, there's a layer of security too like the passwords and authentication.
greetings to all, when I read an online news I was surprised by this news
the digital era requires us to save our money on smartphones, now more and more people are traveling with cellphones that contain digital money or even the bitcoins they buy. is there a safe way for us to stay safe from robbers when we have bitcoin assets on our smartphone, thank you
Quote
Caucasians rob Italian citizens of money and Bitcoin in Bali with a total value of IDR 5.8 M.
Then, one of the perpetrators took the victim's six cellphones and another cellphone containing the victim's bitcoin account by asking the victim for a password.
"And if they are not notified, then the perpetrator will kill the victim's wife by sticking a knife to the victim's wife's neck. And then the victim will tell the cellphone password," he said.(english translation )
https://www.cnnindonesia.com/nasional/20211228141520-12-739596/bule-rampok-uang-dan-bitcoin-wn-italia-di-bali-senilai-total-rp58-mThen, one of the perpetrators took the victim's six cellphones and another cellphone containing the victim's bitcoin account by asking the victim for a password.
"And if they are not notified, then the perpetrator will kill the victim's wife by sticking a knife to the victim's wife's neck. And then the victim will tell the cellphone password," he said.(english translation )
the digital era requires us to save our money on smartphones, now more and more people are traveling with cellphones that contain digital money or even the bitcoins they buy. is there a safe way for us to stay safe from robbers when we have bitcoin assets on our smartphone, thank you
almost everyone uses a smartphone to transact bitcoin and 90% of users access their assets using a smartphone. So one alternative to keep their assets safe when their smartphone is robbed or robbed by someone, it is necessary to store the spare wallet key address in another place, so that they can re-access and reset quickly to change the address of the existing key.
greetings to all, when I read an online news I was surprised by this news
the digital era requires us to save our money on smartphones, now more and more people are traveling with cellphones that contain digital money or even the bitcoins they buy. is there a safe way for us to stay safe from robbers when we have bitcoin assets on our smartphone, thank you
Quote
Caucasians rob Italian citizens of money and Bitcoin in Bali with a total value of IDR 5.8 M.
Then, one of the perpetrators took the victim's six cellphones and another cellphone containing the victim's bitcoin account by asking the victim for a password.
"And if they are not notified, then the perpetrator will kill the victim's wife by sticking a knife to the victim's wife's neck. And then the victim will tell the cellphone password," he said.(english translation )
https://www.cnnindonesia.com/nasional/20211228141520-12-739596/bule-rampok-uang-dan-bitcoin-wn-italia-di-bali-senilai-total-rp58-mThen, one of the perpetrators took the victim's six cellphones and another cellphone containing the victim's bitcoin account by asking the victim for a password.
"And if they are not notified, then the perpetrator will kill the victim's wife by sticking a knife to the victim's wife's neck. And then the victim will tell the cellphone password," he said.(english translation )
the digital era requires us to save our money on smartphones, now more and more people are traveling with cellphones that contain digital money or even the bitcoins they buy. is there a safe way for us to stay safe from robbers when we have bitcoin assets on our smartphone, thank you
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