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Author Topic: Don't wait till you get home  (Read 573 times)
Mpamaegbu
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Today at 06:04:07 AM
 #81

Oh, maybe it's because I don't use the extension. Anyway, thanks for the heads-up.

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Today at 06:35:34 AM
 #82

Well I would not blame much on this narrative,but looking at the whole story it seems the holder of this Bitcoin who happen to be intercept the set of person consider to fraud and feeling insecure is not securing himself and his holding properly in my opinion stand to be corrected , no hold of Bitcoin that don't first study it's environment security and behavior of the society towards those they Sense to possessed good numbers of Bitcoin or crypto asset, to be moving along with your garjet that contains your assets to me is careless, I don't know if the person is trading to inside vehicle or accessing his profile because security can't be checking all and having all the time to access your details with your pin and others but since it's center on security one really need enhanced more on this because anything can happen in a lawless society.

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Today at 08:32:21 AM
 #83

OP, your cousin isn't a smart person at all, why did he download trust wallet and move the bitcoin in the trust wallet? Is he saying that the hardware wallet is now useless because the next thing to do is reset the hardware wallet and create a new one, and move the bitcoin back into the hardware wallet.

He is very lucky because it's obvious that those police don't know what a hardware wallet looks like, it's either he send all the bitcoin to the police or they shoot him on that spot, one of these two would have happened if he met the wrong or bad police, he is very lucky, forget recovery seed, they will force you to send all that bitcoin away from the hardware wallet.

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Today at 12:03:14 PM
 #84

I wouldn't hold anyone for keeping their coins safe in anyway they feel it's best, it's a good thing that this OPs friend react very fast like that, even if it was possible that those cops have their ways of extraing recovery seed he have just escaped the hack already, don't blame him for reacting that fast even though it's clear that they don't understand the hardware wallet. Since this person's bitcoin remains intact it's all well and good, people should focus on learning from what this person did, if that wallet isn't a hardware wallet maybe people will be praising that person, anyways, he reacted correctly and I like that.
That's right, somethings don't need one to get to  a comfortable place before they do the right thing, assuming he didn't react correctly, he won't have un- lose his coins and mistakes like this, that most people do fall for and they might not be as lucky as this guy, so people should be aware of the kind of wallet they can use that will keep their funds safe, because when something bad happens, especially if it involves their funds, they will be so pressured that they can even act rational and still make mistakes while doing the needful, people can help themselves by avoiding getting to a situation like this before taking the right step.

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Today at 12:44:21 PM
 #85

The lucky guy was able to transfer his Bitcoin from his hardware wallet to his trust wallet very quickly. In fact, he should have left his hardware wallet at home and gone out. If he had left it at home and gone out, then maybe the guy would not have faced such danger. Imagine if the guy could not transfer his Bitcoin in a moment, then maybe his Bitcoin would have been seized by the police or if the guy had made a mistake while doing something in a hurry, then maybe his Bitcoin would have been lost, then he would have been unable to compensate for this mistake in any way. Anyway, everyone should be careful and never act carelessly.

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Today at 12:59:10 PM
 #86

If you are from a country with high level of insecurity you need to be very smart.
Something happened to my cousin yesterday, some cop stopped him on his way coming to my house.

He had his hardware wallet on him and they forced him to unlock it.
That one thing that hardware wallet does right is the ability to not show balance straight up.

But after he unlocked the hardware wallet the cop guy takes a few step away and keep pressing the hardware wallet, and they found nothing but my cousin noticed that they have camera on them.

After the cop left he instantly installed trust wallet on his phone and move all his fund from the hardware wallet to the trust wallet, I asked him why and he said what if the camera on them captured his recovery seed already? What if they step away from him to get the recovery seed captured?

It was when it all makes sense to me, it is possible that after they drove off they will try to drain the wallet, he doesn't wait to get to my place before he moved all the bitcoin out to a hot wallet.

A few minutes wasted could turned into a horrible event, I liked that he doesn't waste any time.


Dang, that is insane! What country do you live in OP? This is a great reminder to keep your hardware SAFE! Store in a cool dry place under lock and surveillance and do not allow access to anyone except a trustee

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Today at 01:10:02 PM
 #87

I don't see what your friend did as an act of smartness. If he was smart, he would have known that carrying his hardware wallet around was a big risk, especially since he had no urgent need to transact. That was his first mistake, and if anything had happened to his coins, he should hold himself responsible.

Although he may have done the right thing by moving his funds quickly after suspecting that his wallet had been compromised, this would not have happened if he had not been carrying the device around.

It didn't end there. He quickly downloaded another hot wallet in a panic just so he could transfer his bitcoins out immediately. That was not a wise decision. As a Bitcoiner, you should avoid anything that puts you under pressure. Simple security and safety checks that are ignored can pose a greater risk than the one he was trying to escape from with the cops.

That's true, storing in a hardware wallet should mean that he's holding for long-term not just the 4 years cycle but something beyond that like 10 years or more so there's no point carrying a hardware wallet when he's going to visit a relative in same city if am not mistaken, that's the first mistake he made.
 Secondly, he was able to unlock it for the authorities, which means there's a possibility that he saved it online or somewhere in his phone, that's another error if he saved it online. Let's say he was smart enough to take note of the camera and wonder if they had copied his seed phrase with it, he shouldn't have transferred it to Trustwallet but Electrum.

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Today at 02:12:58 PM
Last edit: Today at 03:19:10 PM by suzanne5223
 #88

If you are from a country with high level of insecurity you need to be very smart.
Not only that. Anyone who's into Bitcoin needs to be very smart because the fundamental concept of BTC is built on a trustless system, and we need to be very smart when doing transactions or safely keeping our BTC.

Something happened to my cousin yesterday, some cop stopped him on his way coming to my house.
He had his hardware wallet on him and they forced him to unlock it.
That one thing that hardware wallet does right is the ability to not show balance straight up.

But after he unlocked the hardware wallet the cop guy takes a few step away and keep pressing the hardware wallet, and they found nothing but my cousin noticed that they have camera on them.
Honestly, your cousin really messed up since you seem to come from a country that has a high level of insecurity, but your cousin chose to have his hardware wallet on himself outdoors, which is something that is generally not the best security advice, even in a country with a high level of security.

After the cop left he instantly installed trust wallet on his phone and move all his fund from the hardware wallet to the trust wallet,
This is another human error, and whatever you do in the future, do not use Trust Wallet for security purposes because it is not worth the trust. Besides, the wallet ought to be named UnTrust wallet.

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Today at 02:22:50 PM
 #89

After the cop left he instantly installed trust wallet on his phone and move all his fund from the hardware wallet to the trust wallet, I asked him why and he said what if the camera on them captured his recovery seed already? What if they step away from him to get the recovery seed captured?
The best thing is that those who install wallets on mobile phones should be extremely aware and should never install wallets on mobile phones. There are incidents in my country where nowadays police officers know a lot about crypto currencies and if they confiscate someone's phone at any time, they can access the wallet and seize the bitcoins and steal them. Therefore, they should avoid storing the phrases in the mobile phone and not install wallets on the mobile phone as much as possible.











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Today at 03:13:52 PM
 #90

I don't know why your friend carries a hardware wallet when he travels. Carrying a hardware wallet while traveling without an urgent need is not a smart move, in fact it is very risky and contradicts the main purpose of the device, which is to serve as a safe, cold storage safe.

As far as I know, the main purpose of a hardware wallet is designed to be kept in a very safe place at home or in a safe. If he wants to make transactions on the go, a safer approach is to use a hot wallet that can be accessed on a mobile phone with a balance specifically limited to daily needs.

Luckily he escaped physical risk and loss of assets, this lesson should always be remembered that carrying a hardware wallet while traveling is not a smart move because it can cause unexpected risks. It seems your friend should remember one thing, crimes occur not because of the perpetrator's intention, but because of opportunity.

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Today at 04:38:54 PM
 #91

If you are from a country with high level of insecurity you need to be very smart.
Something happened to my cousin yesterday, some cop stopped him on his way coming to my house.

He had his hardware wallet on him and they forced him to unlock it.
That one thing that hardware wallet does right is the ability to not show balance straight up.

But after he unlocked the hardware wallet the cop guy takes a few step away and keep pressing the hardware wallet, and they found nothing but my cousin noticed that they have camera on them.

After the cop left he instantly installed trust wallet on his phone and move all his fund from the hardware wallet to the trust wallet, I asked him why and he said what if the camera on them captured his recovery seed already? What if they step away from him to get the recovery seed captured?

It was when it all makes sense to me, it is possible that after they drove off they will try to drain the wallet, he doesn't wait to get to my place before he moved all the bitcoin out to a hot wallet.

A few minutes wasted could turned into a horrible event, I liked that he doesn't waste any time.

After all, why would he carry his hardware wallet around? That's certainly something he shouldn't do, so it's best to keep it in a place only you know about.
Even in a safe country you have to be careful about your bitcoin, because we don't know when disaster comes to you through anything, and you don't know what other people think about you, especially if he knows that the activist in crypto currency on social media or your neighbor who spread it, who knows right?

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Today at 05:15:45 PM
 #92

If you are from a country with high level of insecurity you need to be very smart.
Something happened to my cousin yesterday, some cop stopped him on his way coming to my house.

He had his hardware wallet on him and they forced him to unlock it.
That one thing that hardware wallet does right is the ability to not show balance straight up.

But after he unlocked the hardware wallet the cop guy takes a few step away and keep pressing the hardware wallet, and they found nothing but my cousin noticed that they have camera on them.

After the cop left he instantly installed trust wallet on his phone and move all his fund from the hardware wallet to the trust wallet, I asked him why and he said what if the camera on them captured his recovery seed already? What if they step away from him to get the recovery seed captured?

It was when it all makes sense to me, it is possible that after they drove off they will try to drain the wallet, he doesn't wait to get to my place before he moved all the bitcoin out to a hot wallet.

A few minutes wasted could turned into a horrible event, I liked that he doesn't waste any time.

Carry hardware wallet when hang around is clearly the mistake because in my opinion hardware wallet should be store into the safe place which allows other people not to know about it especially your cousin live at the country with high level of insecurity.
Living in the country like this usually has a high crime rate which can threaten your safety for everytime and carrying the valuable stuffs in the public place is risky because potentially you can lost it.
However i think your cousin had the right act because he fear those cops seeing recovery seed through an the camera and drain his wallet so, it's not about the advantages used hardware wallet or cold wallet because i think this about how to protect his asset which this time we speaking about bitcoin

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