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Author Topic: Start assuming that you can get hacked at anytime  (Read 702 times)
m2017
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Today at 04:26:24 AM
 #81

This is a quick reminder that nothing is truly 100% safe in crypto space

What would we ever do without your powers of observation? Smiley Did you only just reach this conclusion now, after so many hacks and thefts of crypto assets have taken place? Or were you perfectly "at ease" regarding your own assets for all those years prior?

If you have 0.2 BTC
It's not wrong to split them into two separate cold storage, airgapped devices.
It is better to divide your holdings into several (more) parts and store them using various methods, such as exchanges, mobile wallets, and online services, rather than relying solely on one or two hardware wallets. Should allocate specific portions of your portfolio to each storage method based on the potential risks involved. This is what is known as risk diversification.

I wouldn’t go so far as to "revere" airgapped hardware wallets as being super reliable, there’s no telling what vulnerabilities might be lurking within them (what if they contain a flaw similar to the one found in Coldcard?).

Starting to assume that you can get hacked is unfortunately now the beginning of wisdom in this crypto space today.
Don't sit back and feel safe because your crypto wallet isn't touched, yet.
Consider this one of the reasons why investing in cryptocurrencies is considered risky.

AI and North Korea are going to keep taking the blames even though the incident is something that can be investigated, since it's North Korea everyone will move on immediately without the need to investigate.
Or perhaps it is because the very nature of cryptocurrencies lies in the irreversibility of transactions, where the actual owner is simply the person who holds the keys? In other words, what is the point of investigations if it is impossible to identify the perpetrator (given the privacy and confidentiality inherent in cryptocurrencies) let alone recover what has been stolen?

It's time to consider using Passphrase on your recovery seeds or even consider Multisig.
There is no better solution that I can think about than these.
There is no such thing as a perfect solution (one that guarantees 100% security). However, it is possible to combine various solutions - in this case, different methods for storing cryptocurrencies.

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Today at 06:13:43 AM
 #82

This is a quick reminder that nothing is truly 100% safe in crypto space

If you have 0.2 BTC
It's not wrong to split them into two separate cold storage, airgapped devices.
With the rate at which we are beginning to experience all these hacks that is going on the the cryptocurrency world, if you ask me to begin sharing my Bitcoin to different exchanges I will say that, it's not a too good idea personally speaking. Since you don't even know the next place the attack can take place it's better that you keep your Bitcoin in one place.

Op your idea is a nice one but if you ask me I will say that, you are exposing yourself the more. What you should encourage people to do is to become more security concious when it comes to their wallet, such as handling of seedphrase. The part we will play in this is to make sure that we on our own end doesn't expose ourselves to fraudsters taking the security of our assets seriously. But what we should know is that hacking is beyond you, so whether you share your funds or not you don't know the next exchange that is going to be hacked.

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