Be careful where you connect your wallet

[Churchillvv]

what crazy person puts millions of dollars in a hot wallet and connects to a third party lol. It's very unfortunate that incidents like this keep happening, in fact they are not newbies and should really understand that hot wallets are very vulnerable to being hacked, this is plus they are connected to third parties. Turns out there are also millionaires who are stupid. condolences to him.

What made you think that the person that made the mistake isn't a newbie? Is it because of the amount involved. Even newbies could be so much rich. One thing about cryptocurrency is that if you are not careful enough, you could make some mistakes that are laughable. He might have thought of the stress of moving it to cold wallet or has been procrastinating. But where I blame him completely is connecting the wallet with such capital to random websites. Sometimes people who has enough don't value it while some look for little.

Basically, this kind people are always not new to crypto but there are truly newbies to how it works technically. One can be in the space for so long and not have a good knowledge of how to protect him or her self from attacks of this nature. It's always sweet when one is a member of this kind of community having gotten the right knowledge on how to protect themselves their wealths are likely to grow because of the basic knowledge that they will gather here.

So considering the fact that this guy in question lost this amount of money, it could be a result of lack of knowledge, you can believe with me that most influencers do not really have the so called bitcoin or crypto knowledge but can have them in their custody because they must have heard of the information at a very beginning stage hence just wager in some cash but at the point where it's required to protect the wallet the may not know those parts and hence being prone to hacks and/or drains.

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[Essential10]

OP, you make a very important point, we should always tread very carefully in any situation, and if it is money then use the utmost caution. I don't know how people can be so indifferent. A person who lost $2m just because of carelessness is a truly careless person. If he takes care of his wallet where he can protect his money by using a hardware wallet. However, we must learn from his mistakes that we must guard our wallets very carefully. Of course, the wallets and wallets we keep money in should be used in such a way that the seed phrase is not stolen. Of course not to use the wallet in additional places, not to connect different websites, in general not to use the wallet openly. Of course my house must be surrounded by strong walls or it won't be long before everything in my house is stolen.

[Crypt0Gore]

what crazy person puts millions of dollars in a hot wallet and connects to a third party lol. It's very unfortunate that incidents like this keep happening, in fact they are not newbies and should really understand that hot wallets are very vulnerable to being hacked, this is plus they are connected to third parties. Turns out there are also millionaires who are stupid. condolences to him.

The word CRAZY only comes out of people's mouths when someone loses an insane amount of money, warn them about software wallets they will say it the same with hardware wallets since you still have to write down your recovery seed, they failed to do their research about offline, air-gapped capability of some hardware wallet, whereas, software wallets are always online.

The second crazy part is how people have a lot of assets in their wallets and yet they aren't satisfied, still looking to get some free coins and tokens, greediness in people has caused them great losses and they still won't learn.

There is nothing wrong with connecting your wallet to a third-party website, but with what wallet? Your main wallet that you store millions of assets on? Or a random wallet you download from an app store just to claim the nonsense? Stop connecting your main wallet to anything, and use spare wallet for such nonsense if you must.

[Peanutswar]

Those people are active in the world of NFT, trades, and altcoins so most likely they left their wallet with a large number of assets, because of sometimes too much confidence that their device is safe they just didnt transfer their money into other safety storage like the hardware wallet, etc. Most of web3 now supports the Metamask and Phantom app for Solana so they just connect their wallet, but they forgot the risk which is the possibility that attacks might steal their money like the example given. This will be a charge to experience but a really big loss. Always use a burner wallet.

[doomloop]

A master piece of negligence. How can you connect to a Third party not knowing what impact it will have on your crypto wallet or assets. Now he is saying that he is done with crypto it's not at all the fault of the wallet owners or the crypto space It's 100% the victim's fault. You have to be solely responsible for every piece of act you do on your phone.

The best way to ignore these kinds of mishaps is to have a spare phone in which you don't do such types of things. That phone will only be used for trading purposes not for a single thing out of trading. Especially if you're investing that much of the amount you need to go for a spare phone it's very important.

A lot of people do this thing, they even blame the market when they lose money on a trade, lol. What does the market have to do with your decisions? The market never asked you to buy a certain cryptocurrency at a certain price and then sell it when the price is lower than the price you've bought it for, it's you who takes these decisions and you are the one who is responsible for the outcome.

Similarly, when people lose money from hacks and exploits where they click a phishing link or connect their wallet to a third-party website or service which is what happened in this story, they don't think of their mistakes but start blaming cryptocurrencies or the wallets for it. I mean, are you in your senses?

[sokani]

I don't know if some persons are just plain stupid or ignorant. How can one has such an amount of money and keep it in a wallet that's connected to the Internet? How much does it cost to get an open source hardware device?

If he must connect his wallet to any third party website, why not get a burner wallet for this with little or no funds, so that if it gets compromised the loss would be minimal. Damn, this is sad.

[Wakate]

I don't know if some persons are just plain stupid or ignorant. How can one has such an amount of money and keep it in a wallet that's connected to the Internet? How much does it cost to get an open source hardware device?

If he must connect his wallet to any third party website, why not get a burner wallet for this with little or no funds, so that if it gets compromised the loss would be minimal. Damn, this is sad.

You don't have to be aggressive this time around because ignorant is like a disease that peg in someone sucking their blood with being ready to eradicate it. This person might not understand how the crypto market works and they think they can just connect their wallets to random sites because of the promise that is going to make them get extra tokens. Sometimes it is gree that are causing this problem and one has to be wise about this kind of scenario because it's still happening these days. I have seen many people complain that their wallets are compromised and they where able to fall victims because they never thought of thinking before they took such a decision.

[Taskford]

I don't know if some persons are just plain stupid or ignorant. How can one has such an amount of money and keep it in a wallet that's connected to the Internet? How much does it cost to get an open source hardware device?

If he must connect his wallet to any third party website, why not get a burner wallet for this with little or no funds, so that if it gets compromised the loss would be minimal. Damn, this is sad.

You don't have to be aggressive this time around because ignorant is like a disease that peg in someone sucking their blood with being ready to eradicate it. This person might not understand how the crypto market works and they think they can just connect their wallets to random sites because of the promise that is going to make them get extra tokens. Sometimes it is gree that are causing this problem and one has to be wise about this kind of scenario because it's still happening these days. I have seen many people complain that their wallets are compromised and they where able to fall victims because they never thought of thinking before they took such a decision.

Being aggressive on dealing on crypto platforms are not really advisable to do since we need to have critical thinking or be skeptical on the project we see randomly online. And it doesn't really mean that they have good exposures in the community we can look forward with them and call them legit. That's why a proper background checking on the project also to those people working behind can give us a hint if they are legitimate or not.

Also people should not tempted easily on airdrop offers since usually hacking will start there. They need to be skeptical always and better have a dummy wallet on whatever unknown situation for them so that they can avoid to get a problem with those scam platform which the main intention is to drain the wallet of every user who connect their wallet on their site. There's a sad stories about this and people if they could just read those statement of people maybe they can lessen the chance for them to experience the same unfortunate thing happen to those compromised users.

[GeorgeJohn]

OP, you make a very important point, we should always tread very carefully in any situation, and if it is money then use the utmost caution. I don't know how people can be so indifferent. A person who lost $2m just because of carelessness is a truly careless person. If he takes care of his wallet where he can protect his money by using a hardware wallet. However, we must learn from his mistakes that we must guard our wallets very carefully. Of course, the wallets and wallets we keep money in should be used in such a way that the seed phrase is not stolen. Of course not to use the wallet in additional places, not to connect different websites, in general not to use the wallet openly. Of course my house must be surrounded by strong walls or it won't be long before everything in my house is stolen.

when is that we like to expose our seed phrase which is totally unacceptable because once you have exposed or save your seed phrase in your email address and if you mistakenly lost that email address it is very obvious and the quite understanding that someone can equally penetrate into your wallet so we should be a careful of sharing our seat phrase to people that we trust or saving it online that is one of the dangerous things that I can make you to lose what ever you have been investing or serving for years it will be easy for any hacker or any person to penetrate into your wallet and withdraw whatever you have saved for long time

[albon]

Those people are active in the world of NFT, trades, and altcoins so most likely they left their wallet with a large number of assets, because of sometimes too much confidence that their device is safe they just didnt transfer their money into other safety storage like the hardware wallet, etc. Most of web3 now supports the Metamask and Phantom app for Solana so they just connect their wallet, but they forgot the risk which is the possibility that attacks might steal their money like the example given. This will be a charge to experience but a really big loss. Always use a burner wallet.

Whoever holds thousands and millions of dollars worth of assets in his primary wallet and connects it to one of the suspicious sites that he may have found on social media or in search engine results, and if he interacts with one of the malicious DApps after receiving airdrop scams for one of the NFTs or tokens and after he accepts the request in his wallet, his wallet will be drained. It would have been better for this victim, who has this large amount of money, to be vigilant and cautious and not try to take any reckless and hasty action using his primary wallet to avoid any risks you may face. An alternative wallet could be created that does not contain his capital, or as you mentioned, he could keep 99% of his assets in a cold wallet not connected to the Internet, which is advisable. Any person should not neglect to do his own research and prioritize the security of his assets because the money he sought to collect over the years can be lost in less than a minute after he falls into a scam.

[Sebas.tian]

I don't know if some persons are just plain stupid or ignorant. How can one has such an amount of money and keep it in a wallet that's connected to the Internet? How much does it cost to get an open source hardware device?

If he must connect his wallet to any third party website, why not get a burner wallet for this with little or no funds, so that if it gets compromised the loss would be minimal. Damn, this is sad.

If you investigate that person very well, you will find out the person don't have the knowledge of cryptocurrency because someone that have the knowledge of cryptocurrency wouldn't use such wallet to store huge amount of cryptocurrency in his wallet. To get standard wallet that will make your coins safe in your wallet will not cost you anything, all you need to do is to download and follow the procedures to write down some necessary things that will make you to have access to the wallet in future in case anything happen to the wallet. I think, many newbies will learn lesson from this, because they always see things like this as things they can do easily but at the end they will download wallet that will make their coins not to be safe in their wallets.

[tech30338]

This is true careful, never just confirm anything on popup make sure to read before confirming any signing of your wallet, and always use a burner wallet and not main wallet, i lost almost 4000usdt from this, first time happen to me, and this should serve as a lesson to everyone don't be too confident, always double check or check multiple times, hope it will not happen to everyone because it really hurts.

[moneystery]

and because of this, it is very important for crypto users to be able to check and verify whether the site they are visiting is truly safe or not, because when they connect their wallet to the website, third parties could exploit this and empty the assets in the user's wallet. and it's even better to create a burn wallet which will be used as a temporary wallet and prevent users from connecting their main wallet to random websites.

[Nothingtodo]

I don't understand how Solana could connect to a fake website with a wallet holding over 12k I would call this user nothing but an absolute idiot. He has no idea how he managed to connect the wallet with so much cryptocurrency in one wallet. However, it is normal to get hacked after connecting the wallet, but those who have not experienced this before, please be careful and never connect your wallet without a trusted site from an external source.