I believe my wallet may be compromised, what should I do?!?!

[awesome31312]

When I first started using Armory, I was fascinated by the idea of paper wallets, keeping my Bitcoins safe from internet thugs.

However, I made too many physical copies of the paper backup of my wallet, including one that I may have left in a hotel room, and two copies which I may have dropped on several occasions while shopping for groceries.

How can I protect my Bitcoins?

[etotheipi]

When I first started using Armory, I was fascinated by the idea of paper wallets, keeping my Bitcoins safe from internet thugs.

However, I made too many physical copies of the paper backup of my wallet, including one that I may have left in a hotel room, and two copies which I may have dropped on several occasions while shopping for groceries.

How can I protect my Bitcoins?

Create a new wallet, make new backups, and send all your coins to it.  Then all your old backups are useless.

Also, if you want to have both redundancy and security, I recommend exploring the fragmented backup feature.  Do 3-of-6, then losing two of them won't compromise your wallet (though at that point you might want to cycle to a new wallet, but at least you won't be at risk).

[awesome31312]

When I first started using Armory, I was fascinated by the idea of paper wallets, keeping my Bitcoins safe from internet thugs.

However, I made too many physical copies of the paper backup of my wallet, including one that I may have left in a hotel room, and two copies which I may have dropped on several occasions while shopping for groceries.

How can I protect my Bitcoins?

Create a new wallet, make new backups, and send all your coins to it.  Then all your old backups are useless.

Also, if you want to have both redundancy and security, I recommend exploring the fragmented backup feature.  Do 3-of-6, then losing two of them won't compromise your wallet (though at that point you might want to cycle to a new wallet, but at least you won't be at risk).

I just looked up the fragmented backup feature. It seems to be a variation of Shamir's secret sharing scheme. Very impressive. I'm liking it a lot.

[etotheipi]

I just looked up the fragmented backup feature. It seems to be a variation of Shamir's secret sharing scheme. Very impressive. I'm liking it a lot.

More accurately, it is Shamir's Secret Sharing

And we have integrated some testing tools so you can check that all/lots of different combinations of fragments restore your wallet successfully.  Enjoy!