What happens when a wallet file is stolen? - page 3.

Kakmakr

legendary

Activity: 3542

Merit: 1965

Leading Crypto Sports Betting & Casino Platform

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.

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

LyLyJohnson

brand new

Activity: 0

Merit: 0

If you create a wallet then you must make sure you remember your password, copy it somewhere, and let nobody know your password.

TheGodFather

hero member

Activity: 854

Merit: 500

Quote from: FedorIzmailov on October 31, 2018, 08:23:51 AM

I have not heard of cases when it was possible to somehow restore the wallet file. probably if you lost a file then you can really say goodbye forever to your savings

Definitely, thats why we need to add more security in lur wallet files. Even on online wallets. That's the main problem of wallet file nowadays, even thou if you have a lot of money already if you lost your file, that will never be restored.

Turkish88

full member

Activity: 714

Merit: 104

If after stoling btc moves tot he another adress and have confirmations by network, this cant be recoverable.
If you know what your wallet file stolen, you need fast move your funds to other walet with maximal comission

calandra78

copper member

Activity: 840

Merit: 114

yes, you can recover them when you have dot dat and passphrase where you keep on another file or disk. because that you must keep your passphrase wallet on another disk like flashdisk, and you have to write passphrase using manual on paper. i am always writed like that and keep it not on my digital.

bob123

legendary

Activity: 1624

Merit: 2481

All posts here seem to claim that your coins are instantly lost after the wallet file has been stolen. This is wrong!

An attacker needs access to your private keys in order to steal your coins. Access can be achieved in these ways:

Attacker has access to your computer (e.g. through malware) AND you unlock your wallet (with your password)
The attacker has a copy of your wallet file AND knows the password

An malicious actor does NOT get access to your private keys by:

having access to your computer (e.g. through malware), but your do NOT unlock your wallet
having your wallet file WITHOUT knowing the password

The wallet file itself is encrypted (at least that's the recommended way of storing it; protected by a password).
Without the password, the only chance an attacker has.. is to bruteforce it. No password = no access to the coins.

So, if you have chosen a strong enough password which can't be bruteforced efficiently (e.g. 9+ chars, using letters/numbers/special chars), an attacker does NOT gain access to your BTC by simply owning your wallet file.

Spider A4

full member

Activity: 657

Merit: 100

Quote from: project_delta on October 31, 2018, 05:50:39 AM

Will the bitcoin are gone forever or there is a way to recover them?

Stolen file can't recover i think because it's already transferred in third party hand and there are no back up. If your password make by numeric word than hacker can't log in your wallet because password is more stronger. As usual random password is very risky to use in sensitive place.

larkinvain

member

Activity: 1120

Merit: 13

Your wallet gets stolen then there is no way to get back it again. At the same time, you would lose all your funds even next coming coins also be lost which means your wallet will be under control by hackers. So you need to store back up file for taking instant so after being stolen your wallet.

Olayinka225

jr. member

Activity: 322

Merit: 1

Though it depends on which type of wallet provider such is using. But I think whenever a waller file is been stolen, I think that's the end of the wallet because the hacker is already in control of all the coins and valuable things inside the wallet.

Shatterlean22

jr. member

Activity: 350

Merit: 4

If you still have your passphrase then you may still be lucky to find your coins still intact ,that is if the person that stole it haven't move your funds out ,or else its going to be empty ,stay away from phishing websites and emails

Jateng

full member

Activity: 1339

Merit: 157

When your wallet file has been stolen, the coins inside your wallet for sure will be gone forever and your wallet is not safe anymore because the next coins to come are possible to be stolen too. It is now to better to change tge wqllet you are using and immediately change the address of the coin you are waiting to receive.

Mikwik

member

Activity: 518

Merit: 10

Well if your wallet file will be stolen, then there will no other way for you to recover all your funds in that wallet. Better for you to take it and move on. Once you don't have a back up for that, you cannot access it unless that someone will give it back to you. Well, it would be better if your wallet has another security measures like it will text your phone before someone can open it.

Ezenwanyi

copper member

Activity: 336

Merit: 1

If your wallet file gets stolen,the best thing anyone could do is just to move on and forget whatever funds you have in there.
There's no known measure for recovery as it is.
So one ought to be very careful and ensure this important details are safely stored and protected against third party unauthorized access.

NinaOasis

newbie

Activity: 14

Merit: 0

First, lock your email account with two-factor authentication to keep the hackers in the first place. You should also do the same with your bitcoin storage service. In the case of Coinbase, the company has requested a two-factor login process including passwords and SMS text. However, as text may be blocked, you should take advantage of the option of verifying by an application such as Google Authenticator.

awik p

full member

Activity: 1526

Merit: 111

Pepemo.vip

Quote from: mmo4me.2016 on November 01, 2018, 12:16:24 AM

If you lose your Wallet file, it is not possible to lose everything when Crypto has not moved out of your wallet yet. But always keep your Wallet file and store it securely

of course if the file is lost then all assets in the swallow cannot be accessed, and that is very detrimental. therefore data backup is very important to anticipate bad things

lyks15

full member

Activity: 546

Merit: 100

When the time that your wallet file is stolen specially including your password and private keys this will be the time that your world destroyed also because imagine all your effort amd sacrifies also your money investment will disappear.So make sure thatvyour wallet file will always secure. Dont trust other people even in your close friends or even your family. Remember that your bitcoin transactions that needs a privacy because this is investment so the risk and loss will always included so be carefull and be secure all the time.

mmo4me.2016

sr. member

Activity: 812

Merit: 256

If you lose your Wallet file, it is not possible to lose everything when Crypto has not moved out of your wallet yet. But always keep your Wallet file and store it securely

Stedsm

legendary

Activity: 3052

Merit: 1273

Quote from: project_delta on October 31, 2018, 05:50:39 AM

Will the bitcoin are gone forever or there is a way to recover them?

Depends on whether it had any Bitcoins in it first of all (empty wallet won't get the hacker anything), second is the password (if set) and third is the phrase that can be used if password needs to be reset based on the forgotten password attribute. Though the wallet file contains all the information from having the private key(s) of your address (es) and all their transactions, it's next to impossible to decrypt those private keys and the only way to steal everything is to know the password - so setting up a strong password is the key to save your coins from being stolen.

teejayrichard2

member

Activity: 574

Merit: 12

if it stolen, forget your bitcoin and move on. I know it is painful but there is nothing you can do about it to get your coins back. A stolen wallet can not be retrieved thats why one has to be extremely careful.

jimskiy

full member

Activity: 574

Merit: 100

Bitway.net - The Best Bitcoin Mining Network

When your wallet is stolen you have forget your asset there, your balance bitcoin and altcoin will be lost and stole, you have recovery and back up again looking for how to get bitcoin by invest or trade, you have created new wallet and always safety first for your account.

Topic: What happens when a wallet file is stolen? - page 3. (Read 784 times)