Nowhere is safe part 2 - page 3. | Bitcointalksearch.org

fapar

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Quote from: livingfree on December 16, 2023, 06:15:13 PM

This news was about Ledger's library and has been made some topics on certain sections of the forum. But as you're pointing out the safety of everyone and with wallets we use.

The problem starts with the person who owns a wallet. If you're careful and regardless of the wallet you use, of course the official ones. You're unlikely to get phished or hacked.

Monitor your internet activity and the websites you're browsing especially the applications that you're downloading. Because most of these hacks start from people's negligence.

Moreover, storing coins on Ledger is safe in itself - offline. We are exposed to danger only at the moment of connecting it to any site (market, CEX/DEX, etc.) - online. And this incident in itself with duplication of the “Wallet Connect” window revealed the inattentiveness of users. The simplest risk assessment will lead to the conclusion that your crypto assets should be divided into operational expenses and savings, as CEX (cold/hot wallets) do. That is, you can have two Ledgers, if of course we are talking about hardware crypto wallets.

bluebit25

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Although I am not someone who is very knowledgeable about security methods, I am aware of what it means to adapt to the field we are learning about. The cryptocurrency space has many pitfalls and risks at different levels. Experiencing and receiving reports from someone helps us to be somewhat aware of improving our own protection. I don't like to look at external factors to evaluate because in the end the biggest mistake always comes from personal ignorance. There are many lessons for us to exploit to become more mature over time, the balance of good/bad people is partly the meaning of life. If we don't try to learn, being afraid and not daring to face will never help our goals be accomplished.

Obim34

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The world is getting more advanced and why technology is suppose to help make things much easier and safer for we, many people are out there trying to do it the wrong way by scamming, frauding and hacking people had earn money from their banks, Cex and Ledger wallets.
The truth is that no matter how safe we try to play there are people who understands technology better and can by that means be able to steal from us that should not mean we should be careless with stuffs. First applying safety will help us not fall victim as of many hacks and fraud.

sheenshane

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Different hacks happened and also different stories of why they are hacked, the main problem is lack of knowledge.
If you're knowledgeable in technical matters plus using decentralized, I often heard of hack incidents.

Yes, I tend to agree, that nowhere is safe in crypto and everything is prone to hacking especially when we're connected to the internet but we can minimize risk when we are fully aware of those risks. Negligence is one of the primary subjects why people keep getting hacked nowadays, especially newcomers.

livingfree

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This news was about Ledger's library and has been made some topics on certain sections of the forum. But as you're pointing out the safety of everyone and with wallets we use.

The problem starts with the person who owns a wallet. If you're careful and regardless of the wallet you use, of course the official ones. You're unlikely to get phished or hacked.

Monitor your internet activity and the websites you're browsing especially the applications that you're downloading. Because most of these hacks start from people's negligence.

Sophokles

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This was really shocking that a hardware wallet was also compromised. If a hacker can put value draining codes in a hardware wallet library then whom could we trust? After this incident, I am thinking of using two separate wallet one for interacting with dapps and another for holding funds that don't need to move for a long time. The hacker only managed to drain user funds from those who have used certain dapps with their ledger wallet. Another thing that we should keep in mind is to provoke connection to any dapps we have interacted with with our wallet. Complex smart contracts are the ones targeted by hackers more frequently than any centralized exchange these days.

oktana

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Life’s a risk, businesses are risky, investing in Bitcoin is a risk, but it doesn’t mean one shouldn’t make calculated risks. Now, I can tell you that it is riskier to have your money on a CEX than a DEX. In fact, you can’t even have money in DEX because you only connect your wallet to make a transaction but it isn’t as if you are storing your crypto with them. Many people are conscious to disconnect their wallet afterwards to further reduce the risk (we should try to do so too). But CEX? Your funds are with them before you can even transact. Not only does your fund depend on their security, even the platform can lock you out and you lose your money (not often though). I believe it’s reduced risk to just have your wallet to yourself… that’s the best one can do.

btc78

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Quote from: Best-mary on December 16, 2023, 08:14:48 AM

I said it, if we are in this cryptocurrency ecosystem, our first safety comes from us. No matter what you want to use, there are times when what we believe is the safest won't be the safest.

exactly there are people with bad intentions everywhere we should never be complacent when it comes to making sure the crypto we hold is safe whatever system you use, you have to maintain a certain alertness still

Makus

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Indeed you where correct, now it's obvious no where is safe for the safe keeping of your cryptocurrency. Hackers are becoming more smart and fast, most especially this period, but that doesn't mean we should avoid the use of hardware wallets. They are still the best and the safest for now until a more top secure wallet is built beside, ledger claims that the attack was not centered on hardware wallet but on the Dapps who used ledgers connectkit. Tether have already frozen the account of the hacker while $254k was still found in the hacker wallet address, so it's possible it might be reversed back to ledger, ledger are looking forward to make a more secure upgrade, so let's keep our hopes high that such aren't gonna happen again.

Best-mary

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I remembered when I posted this some time ago and some people kept saying to be safer you need to be on an off/hard wallet.

https://bitcointalksearch.org/topic/m.62971784

And here, I talk about Hacks that happened both in Cex and Dex
https://bitcointalksearch.org/topic/m.63031458

I said it, if we are in this cryptocurrency ecosystem, our first safety comes from us. No matter what you want to use, there are times when what we believe is the safest won't be the safest. In my post in that link above, I talked about navigating how to be at least 60-80% safe with your assets.

I just got this news that some users lost over $600k from hackers on their Ledger wallet.

https://www.dlnews.com/articles/defi/a-ledger-employee-got-phished-defi-users-lost-thousands/?utm_source=telegram&utm_medium=organic_social&utm_campaign=

Topic: Nowhere is safe part 2 - page 3. (Read 398 times)