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RE: Hurts so good: Hacked for $30,000 USD

in #cybersecurity7 years ago (edited)

yeah, I got sucked in the the proof-of-stake allure. Notice that 4 of the 5 coins that were taken were POS coins...

and why would the Exodus wallet, with all of its sleekness in reminding us to backup our wallet, be completely mum about reminding us to encrypt our wallet?

But, @yogi, what would you say is a better idea for securing large amounts of money?

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Ah didn't realise those were POS coins. I use cold storage for large amounts and multisig hot wallets for small daily transactions...