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Topic: What happens when a wallet file is stolen? - page 2. (Read 798 times)

member
Activity: 378
Merit: 10
November 02, 2018, 05:15:23 PM
#50
It is becoming main concern for most financial services authority and governments over the world. The lack decentralized of Cryptocurrency is that there are no ways to recover missing or stolen data in the transactions. Once it was already stolen, it mostly nothing possibility to recover anything. Therefore, before dealing with crypto, anything should be comprehended and understood well to avoid such this problem. The risk is on every users of Crypto.  
member
Activity: 336
Merit: 10
November 02, 2018, 04:33:59 PM
#49
I think that you should do your best to prevent this because it is a difficult situation and you won't be able to get your coins I think or perhaps this will be problematic for you
copper member
Activity: 455
Merit: 0
November 02, 2018, 01:10:53 PM
#48
When your wallet file is stolen, you will lose, because the thief will drain your assets. And from that you must save it in a safe place and use two-factor authentication, so that it will make you safer.
hero member
Activity: 1246
Merit: 529
CryptoTalk.Org - Get Paid for every Post!
November 02, 2018, 12:37:19 PM
#47
Will the bitcoin are gone forever or there is a way to recover them?
This is totally bad if your wallet already get someone because they are already trying to changeing every info.so hope it will never recover back again.so trying to creating new for your future target.

And i don't think there's anyway to recover lost wallets. That's one downside of btc being unregulated. So you have to be really cautious since most of the time, it's human mistake that causes someone to lose their wallets.
full member
Activity: 840
Merit: 101
November 02, 2018, 12:32:37 PM
#46
if the wallet is stolen then the thief can also fully control the wallet and there is no way to recover it, the next step is to contact the bounty manager to replace the address of the new ETH wallet on the active bounty
member
Activity: 112
Merit: 10
November 02, 2018, 12:08:45 PM
#45
It's quite pathetic for a wallet user while his wallet getting stolen. If it happens there is no chance to recover it again which means you will lose all your funds and tokens. So always be careful to protect your private keys and make secured wallets details so that hackers and scammers won't able to access your private zone.
sr. member
Activity: 1936
Merit: 290
November 02, 2018, 09:27:11 AM
#44
Will the bitcoin are gone forever or there is a way to recover them?
This is totally bad if your wallet already get someone because they are already trying to changeing every info.so hope it will never recover back again.so trying to creating new for your future target.
jr. member
Activity: 475
Merit: 1
Tackling Climate Change Using Blockchain
November 02, 2018, 09:22:01 AM
#43
when a wallet file is tolen, the bitcoin is gone forever. it can not be traced or money can not be recovered. it is even useless tryng to find out who took your bictoin as it will never be returned. just create a new one and move on with your life
full member
Activity: 924
Merit: 100
GoMeat - Digitalizing Meat Stores - ICO
November 02, 2018, 03:28:24 AM
#42
Will the bitcoin are gone forever or there is a way to recover them?

I think thief will never return the bitcoin that they already steal. Better create new bitcoin wallet because old wallet is not safe. It is important to secure our wallet by keeping safe our private key
member
Activity: 785
Merit: 34
SOL.BIOKRIPT.COM
November 02, 2018, 02:06:12 AM
#41
Will the bitcoin are gone forever or there is a way to recover them?
This question is really not something you should ask, now tell me what happens if your phone got missing. That means it's gone for ever right but in other words if you save your bitcoin in wallets that really have to back the private key and all the rest necessary information about the wallet oh definitely you can retrieve it back we have lots of wallets out there in which asset's are been save but you definitely will have to look for a legit one to have.
jr. member
Activity: 163
Merit: 1
November 02, 2018, 01:57:43 AM
#40
Will the bitcoin are gone forever or there is a way to recover them?
The question and description are in the different subject, if your soft or hard wallet stolen you can access wallet by a passphrase, and for description, bitcoin is just only some zero one and it will be forever and you can recover it.
full member
Activity: 479
Merit: 105
November 02, 2018, 01:31:13 AM
#39
Will the bitcoin are gone forever or there is a way to recover them?

If the wallet was already stolen there will be no possibilities to recovered unless it will return it back to you. I hope that there will be additional security for our wallet like in every transaction there will be approval key number to our cellphone before transaction proceed to prevent wallet stollen.
If it is already stolen there is no possibility for it to recover because even the wrong transaction is irreversible. You must have to make sure that you have a authentication that connected on your device that can secure your wallet. When your wallet file is stolen you have to transfer all the coin you have into another wallet for it safety and add more security for it.
full member
Activity: 462
Merit: 100
MYCRYPTOBANK.IO
November 02, 2018, 01:17:51 AM
#38
Will the bitcoin are gone forever or there is a way to recover them?

Your bitcoin will be gone if the one that stole yours found the bitcoins inside of your wallet.
And for the recovery, I think there is no way to recover it unless you remember or save the recovery passphrase.
Zrs
sr. member
Activity: 299
Merit: 250
November 01, 2018, 11:44:10 PM
#38
If a wallet is stolen, there is less chance to get it back.But if you make some additional security such two factor authentication ,then the asset can not transfer it to other wallet. Make sure do all this security.
full member
Activity: 308
Merit: 100
November 01, 2018, 10:31:58 AM
#37
Will the bitcoin are gone forever or there is a way to recover them?

there is no way to recover when your wallet is hacked by someone, or you forget the private key. in other words no one can access your wallet anymore.
copper member
Activity: 301
Merit: 2
November 01, 2018, 10:17:06 AM
#36
It's true what some people said above, that the wallet that has been cracked will no longer be recoverable, and if it is possible, of course I will be very happy because I also experienced it. Where all the tokens in my wallet were used up were stolen by everyone. And at that time I was very sad.
member
Activity: 476
Merit: 10
November 01, 2018, 10:08:45 AM
#35
There's is no way to recover a stolen wallet unless they give it back. We have almost $5m lost Bitcoin that can't be recover. The same apply to you. That's why the most important way here is make your wallet safe all the time.
legendary
Activity: 1624
Merit: 2504
November 01, 2018, 10:03:56 AM
#34
A hacker will usually not just go after your wallet file, he or she will also try to sneak a keylogger onto your computer to get the password you use to access your wallet.

This is why a good anti-virus program with web protection is crucial for Bitcoin and other Crypto currency users, to reduce the chances that a keylogger might be sneaked onto your computer.

Unfortunately an anti-virus software doesn't help much.
What AV's do is to compare signatures of applications run with their database.

This means if the AV didn't yet declare this particular application as malware, it won't be treated as malware.

In addition to that.. anyone who properly knows how to code or create malware, does know how to avoid detection by AV's.
The only kind of malware which will be detected by AV's are either (1) unchanged for several months/years or (2) made by a script-kiddie.



A damaged wallet is usually recovered from the Seed that are generated, when you setup the wallet for the first time.  Wink

Not every wallet does give a (mnemonic) seed to backup.

Core for example doesn't use mnemonic seeds and doesn't explicitly recommend to backup the seed (master private key).
I'd assume that the majority of core user only have file backups (of the wallet.dat).
sr. member
Activity: 826
Merit: 250
November 01, 2018, 09:40:24 AM
#33
If you have you magic words you should be able to recover this wallet.

maybe with another provider.
this is a simple matter if we cannot access and maintain our wallets and the results and fill in all the contents will all disappear and cannot be stopped about this in my opinion and in my opinion should prevent theft of the wallet
full member
Activity: 840
Merit: 101
November 01, 2018, 08:56:24 AM
#32
Will the bitcoin are gone forever or there is a way to recover them?


I think it depends on how your wallet protects you under these circumstances but most of the time if it is stolen, they put money inside your wallet and steal the funds right away and I don't think you will ever recover what you lost.
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