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Author Topic: Can MyEtherWallet be hacked?  (Read 578 times)
zoata87
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February 14, 2018, 03:59:20 PM
 #41

MyEtherWallet cant be hacked itself but hackers can hack your computer and get your private key that's why I suggest a lot of my friend to use a hardware wallet to secure their funds and protect against hackers. You can also use offline version of myetherwallet or use meta mask to access your wallet since both of these options give will you more security. Also, beware of phishing website or online link.
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February 14, 2018, 04:00:33 PM
 #42

Just make sure to always check the url in your browser and preferably use a hardware wallet so your private key is stored externally on the device.

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February 14, 2018, 04:03:22 PM
 #43

Hi guys!
I’ll tell you what I think.
I'm feeling anxious about MEW security.
If we change some characters of Mew prative key, we will get to anather wallet.
Exampe:
Prative key wallet 1: a1e57f1422ae77c1c51f1626d6cbd6ad376f184976a0e83b430ed7e8c66e998d

Prative key wallet 2: a1e57f1422de77c1c51f1623d6cbd6ad376f184976a0e83b430ed7e8c66e998d

After i change characters on wallet 1 a = d & 6 = 3, i get wallet 2.

Question is, can MEW be hacked easily? This can be dangerous for investors.
And why MyEtherWallet not connect to 2FA? This is a good measure to protect our wallet.
Guys, What do you think about this?


Yes ofcourse everything connected on the internet can be hacked no matter what security you have. That's why they have suggested that we have to install and used metamask, EAL, and cryptonite for additional security on our MEW. Please be careful always don't go on any phishing site and always make sure your firewall is on.

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February 14, 2018, 04:03:48 PM
 #44

I will say like many, of course Mew can be hacked, because there are no perfect systems, so I say that. For today people could not create the perfect program, therefore at programs too most that has a beginning always has an end.
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February 14, 2018, 04:05:25 PM
 #45

Phising and dns attacks are dangerous. use chrome extension to stay safe.
Also i suggest you to use metamask. Unless you don' fall to pshing attemps you are safe.

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February 14, 2018, 04:07:15 PM
 #46

Hi guys!
I’ll tell you what I think.
I'm feeling anxious about MEW security.
If we change some characters of Mew prative key, we will get to anather wallet.
Exampe:
Prative key wallet 1: a1e57f1422ae77c1c51f1626d6cbd6ad376f184976a0e83b430ed7e8c66e998d

Prative key wallet 2: a1e57f1422de77c1c51f1623d6cbd6ad376f184976a0e83b430ed7e8c66e998d

After i change characters on wallet 1 a = d & 6 = 3, i get wallet 2.

Question is, can MEW be hacked easily? This can be dangerous for investors.
And why MyEtherWallet not connect to 2FA? This is a good measure to protect our wallet.
Guys, What do you think about this?


even its imposibble, but there's a small chance to hack MEW. some people who want try to hack MEW, must spend his whole life to find a correct pass. there's 64 digit, mix betwen numeric and alphabet. its really hard to hack it.






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February 14, 2018, 04:07:43 PM
 #47

Just make sure to always check the url in your browser and preferably use a hardware wallet so your private key is stored externally on the device.
Checking the link before importing the private keys is very important. There are many users of mew got hacked even my friend had attacked of phishing sites all of his coin was lose. Hardware wallet is safe were we can store our coins.
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February 14, 2018, 04:11:10 PM
 #48

MyEtherWallet cant be hacked itself but hackers can hack your computer and get your private key that's why I suggest a lot of my friend to use a hardware wallet to secure their funds and protect against hackers. You can also use offline version of myetherwallet or use meta mask to access your wallet since both of these options give will you more security. Also, beware of phishing website or online link.
Very useful suggestions. In my experience I have observed that MyEtherWallet is easily one of the most secure online wallets out there and I never faced any problems in the security aspect with this wallet ever. I don't think it's impossible to hack this wallet which is why I suggest securing your private key and not sharing it with anyone that you cannot trust. Also, do not download random wallets here and there which can penetrate your system and steal your credentials through trojans or other forms of viruses.

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February 14, 2018, 04:11:34 PM
 #49

Myetherwallet I believe cannot be hacked and never will be.
Myetherwallet.com will generate both public and private for you and you're going to keep it with you because you are the one who are the only responsible of your digital keys.
Now, if your Mew was hacked, it's not their fault but yours. You get hacked on you own watch and the Crypto Assets you have on that wallet will be taken away from you.
That's why some users and holders are buying Hardware wallets to keep their Crypto Assets safe and secured.
Maybe your computer was hacked or your transactions was hijacked so if your computer was penetrated by viruses then definitely you digital wallet is vulnerable by hackers.

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February 14, 2018, 04:13:29 PM
 #50

It might look easy to create different addresses this way, but because there are so many combinations, the chance of hitting a wallet that already exists is extremely small.

A quick calculation (not accounting for fixed numbers or letters at start for instance):

That private key has 64 characters, including lower case letters and digits 0-9. This means there are 26 + 10 = 36 possible options on each location.

36^64 = 4.0*10^99 combinations.

That would literally be impossible to crack ever.

just a little correction I dont think the term "impossible" is supposed to be coz if youbare going to apply statistics it would still be poasible with a minimal probability of approximately 3.04-150% in order to be solve and just think how many years would a person or lets say a computer can solve it.

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February 14, 2018, 04:14:09 PM
 #51

myetherwallet is just an address, your coins will be safe there with the private key you have the key using hexadecimal with lots of characters, therefore very difficult to guess or hack
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February 14, 2018, 04:15:24 PM
 #52

Really bad threat is MEW web site phishing attack for new/unexperienced users. Be careful what you click and just keep private key in safe place.
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February 14, 2018, 04:16:00 PM
 #53

As Myetherwallet give you a public and private key I don't think any hackers can create one that match existing wallets.
But there are so many phishing website (I'm a victim too when I was newbie) then let's use Metamask or Ledger to protect your private key.
That's all your assets just small invest it will save you in future

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February 14, 2018, 04:18:13 PM
 #54

myetherwallet is just an address, your coins will be safe there with the private key you have the key using hexadecimal with lots of characters, therefore very difficult to guess or hack
Just make sure that you are on the right website, better save the link into your bookmarks. Because only that way you can be hacked, if you will give your file with private key to phishing website.

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February 14, 2018, 04:24:29 PM
 #55

Hi guys!
I’ll tell you what I think.
I'm feeling anxious about MEW security.
If we change some characters of Mew prative key, we will get to anather wallet.
Exampe:
Prative key wallet 1: a1e57f1422ae77c1c51f1626d6cbd6ad376f184976a0e83b430ed7e8c66e998d

Prative key wallet 2: a1e57f1422de77c1c51f1623d6cbd6ad376f184976a0e83b430ed7e8c66e998d

After i change characters on wallet 1 a = d & 6 = 3, i get wallet 2.

Question is, can MEW be hacked easily? This can be dangerous for investors.
And why MyEtherWallet not connect to 2FA? This is a good measure to protect our wallet.
Guys, What do you think about this?
I don't say it is impossible to hack the Myetherwallet but it takes more than hundred years to find the correct combination of the private key it is  64 characters even with the most powerful computer present at the world now.But the hackers using phishing links to copy the private keys from our system,that's why it is important to keep our system offline and it is better to use a separate computer system for the crypto currency storage then it will restrict the hackers.
And 2FA is really not needed when the private key is available since it is the best security source ever so we need to keep our private key safely to keep our funds safe.
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February 14, 2018, 04:26:02 PM
 #56

Honestly, wouldn't even worry about it for a millisecond.

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February 14, 2018, 04:28:44 PM
 #57

Hi guys!
I’ll tell you what I think.
I'm feeling anxious about MEW security.
If we change some characters of Mew prative key, we will get to anather wallet.
Exampe:
Prative key wallet 1: a1e57f1422ae77c1c51f1626d6cbd6ad376f184976a0e83b430ed7e8c66e998d

Prative key wallet 2: a1e57f1422de77c1c51f1623d6cbd6ad376f184976a0e83b430ed7e8c66e998d

After i change characters on wallet 1 a = d & 6 = 3, i get wallet 2.

Question is, can MEW be hacked easily? This can be dangerous for investors.
And why MyEtherWallet not connect to 2FA? This is a good measure to protect our wallet.
Guys, What do you think about this?








It's possible to decode a wallet address, but of course it will take a lot of time. MEW can be hacked through phishing site, if someone knew your private key, or if someone has access to your wallet. The best way is to make sure that you are opening the right website, always check URL, never open a suspicious website, delete cookies, and secure your wallet private key.
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February 14, 2018, 04:31:30 PM
 #58

My wife got phished in her first MEW wallet but that was because she went to a phishing site. If you bookmark your MEW wallet, it should work fine as long as you do not hand over your private keys to anyone. Also make multiplke NEW addresses and wallets to hold a variety of coins or go through metamask. If you want extra security then best to invest in the hardware trezor or nano wallets for extra hardcore security purposes. Everything on the internet and in computing holds risks so we must try to minimize those risks as much as we can accordingly.


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February 14, 2018, 04:57:31 PM
 #59

MEW is a very functional wallet but also exposes you in a few places when you create the key pairs. The nice thing about MEW is you can very easily get to your tokens on the Eth chain. There are risks though if you just use it in its basic standard form and use UTC files. At one stage when you create a key pair your private parts are exposed on the screen. You can use MEW if you want, but it is much better to use a hardware wallet like Ledge Nano S that can also store Ethereum tokens.
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February 15, 2018, 11:44:07 AM
 #60

It might look easy to create different addresses this way, but because there are so many combinations, the chance of hitting a wallet that already exists is extremely small.

A quick calculation (not accounting for fixed numbers or letters at start for instance):

That private key has 64 characters, including lower case letters and digits 0-9. This means there are 26 + 10 = 36 possible options on each location.

36^64 = 4.0*10^99 combinations.

That would literally be impossible to crack ever.

just a little correction I dont think the term "impossible" is supposed to be coz if youbare going to apply statistics it would still be poasible with a minimal probability of approximately 3.04-150% in order to be solve and just think how many years would a person or lets say a computer can solve it.

There is no 100% secure system protection. As always human factor is the weakest link in IT security like clicking an unsolicited email out of curiosity. Smiley
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