Safe & Secure
What is the #1 rule of cryptocurrency? Not your keys, not your crypto. I don't say that lightly as this account you are reading this article on right now, was victim of a successful hacking attempt in the past. Thanks to @someguy123, we recovered quickly enough to lose only the liquid that was in there. Which, gives Hive a major pat on the back because of the security provided by staking (powering up) and their savings account.
But, not all cryptocurrency falls into this realm. It can be stored in hot wallets, cold wallets, vaults and even on paper. It's the hot wallets, (ones that are kept online) like #metamask, that are housed in and on your browser or a website, that pose the biggest security threat. You put/store your key(s) or password in the wrong place, and it may be game over.
Meta-ASS
There was an article a while back, that confirmed my suspicions about one such 'revolutionary' wallet. I mean, if you want something secure? Metamask is one of the last places you want to do it. Not to mention the insanely outrageous gas fees coupled with their own transaction tax. Use one that requires a 2FA (two factor authentication) that is linked to your phone (preferably, since if they are hacking your wallets, you can probably assume your email is compromised too) so you get alerts instantly. It may differ in other countries outside the United States, but I know #Coinbase is pretty reliable. And, you can never go wrong with a cold storage wallet like Trezor or Ledger.
Phishing
Don't get me wrong, I love fishing. 🐟 HA! But this is a different kind. This is probably the most common way for people/bots to rip your info and crypto from you. There are ones here on Hive that pop up probably on a weekly basis, on Twitter, in Discord, you name it, and they are there waiting for you to slip up.
What happens is, the hacking attempt will use what appears to be a familiar website, maybe even with the same exact appearance of the one you are on, with the hopes that you will click the link. Some links are more tedious and ask you to fill out this, that and the other, and some, are far more dangerous that will almost instantly begin downloading your information and emptying your wallets into theirs.
Proceeds going to @krazypoet
This has happened recently to a good friend of ours here @thealliance. His name is @krazypoet. It happens. Things look comfortable and next thing you know, you're out $12,000 dollars in a matter of minutes. We feel for you fam, and so to help and try to recover some of your lost hard-earned efforts, all the proceeds of this post will be yours as a beneficiary. We hope you don't give up on crypto and have found a way to better secure your assets. Stay strong brosef.
You can help him and his family by voting the shit out of this post and reblogging it like mad crazy people. You can also send him as much as you want to donate. We and he would be most appreciative. Thank you.
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We might have to "agree to disagree" on this one. I've had a hardware wallet fail. Fortunately, there was nothing in it or else I would have irrevocably lost it all. After that, I do not trust hardware wallets and it is frightening how many people do. 😣
2FA is a good thing, but I have had that fail, too. I lost access to my Bittrex account because my phone died last year and my new phone won't sync with the required Authenticator app. Fortunately, I had nothing stored in Bittrex.
Paper wallets are probably the safest, as long as the ink doesn't fade over time (like thermal ink does) or you don't spill coffee on the paper. Maybe we should chisel our QR codes into rocks. 😆
Anyway, UPVOTED, and will probably send some liquid to KrazyPoet! Good of you to do this! 💜
When you discuss a hardware wallet fail, do you mean the hardware failed alone or the hardware failed AND you could not recover from keys? Before reading your words, I felt like the safest storage (albeit not the most convenient) was a hardware wallet with the recovery keys stored on paper in a second, secure location.
The hardware wallet (on a USB stick) failed AND I could not recover from keys. I had set a custom passphrase that probably looked odd to anyone but me yet was super-easy for me to remember. I had it written down, too, just in case I ever forgot it.
After the wallet failed to open the first couple of times, I looked at the written-down passphrase and entered it slowly and carefully but still received an error. Then I inserted the microSD card "backup wallet" into the USB stick to recover the corrupted wallet on the stick, but experienced more "failed passphrase attempts." After a certain number of failed attempts, the wallet locks permanently.
This was not long after I'd come to the Steem blockchain, before Hive launched. The only crypto I had was the STEEM, and I only bought the hardware wallet because "everyone" kept talking about how good they were and that everyone should have one. I never put anything on it, but occasionally "played" with it, logging into it and going thru all the settings, etc. to see what was there and trying to understand it all. That was $100 I will certainly miss, as I could have bought a nice chunk of crypto with it instead of a device that eventually failed. 🙁
That sounds really frustrating. I thought you could use the recovery keys to access it from another site, and I probably need to learn more! At least it sounds like it was not a major loss. Any loss is a loss, but when I hear about people losing thousands or more, it seems like it would be hard to take.
By all accounts, there is no 100% sure guaranteed method. Your fiat bank could go belly up tomorrow and you'd lose all your savings too or maybe the market megacrashes and your stocks plummet or maybe a fire would break out and there goes your silver and whatever you had in paper. (all hypothetical of course)
Bittrex...ugh. They gave me the biggest headache ever before so I feel ya on that mess.
I have seen QRs in some odd places like bottoms of feet and other places in that black light ink. Nobody would know it was there unless - they knew it was there. Might be a killer option!
All hardware fails sooner or later. That's why You have to keep a backup of your keys/passpharse. Even if you have a paper wallet, it is advisable to have more than one copy. You never know what might happen.
Yea I feel you, its hard to trust this things, sometimes the simplest way is the safest. Thank you
Oh shit. Not good at all
Nope, not even a little bit.
@thealliance
You've beat me to it! Outstanding!! After DM'ing @krazypoet to see what was going on. I learned that he had been hacked. Pretty crappy situation. I had planned on creating a fund raiser post, but Multiple Sclerosis and life issues got in the way (as usual). Thank you for creating this... I am sure krazypoet will be most appreciative!!
I'd already sent him 10 HBI units, because I believe in what @steembasicincome and everyone over there is doing. Nothing but positive energy and love your way @krazypoet!
!LUV @tipu curate !WINE
Think you should still do one too, and maybe we can encourage others to do the same! Thank you for being so helpful all the time man, you rock harder than Everest.
Thanks for the support bro. Appreciate you.
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Lamento oír esto.
Woow, lo increible es que cada una de estas app se presentan, y la presentan como las mejores.
AHmm justo ahora he creado la cuenta en Metamask. Sinceramente cuestioné algunas cosas, pero esto a hecho que esté más pendiente, mejores deseos para @krazypoet
Miau Miau
Yep .. lost $18000 through Metamask back in April.
So sorry to hear Krazy is the latest victim 😓
It's heartbreaking and it never really stops hurting to know how much money you worked so hard for only to end up in some massive million dollar wallet of hackers
We traced it out .. and it was just disgusting the amount of money those wallets held from me and many other victims that night
Will upvote with DreemPort too later Tonight and share
Dang hun, didn't know that until just now. Metamask is just ogre assbutter on shit cakes.
Yep .so many of us..@sofs-su @elizacheng and more
I was writing a series called "Lessons from the hack" for a bit ...just how to stay safe. How to rebuild after....
I cried for three weeks. And still so painful
But you can't let them win
Just gotta get back in the game and be safer and help others
I remember Eliza lost a bit, that was disheartening.
Sad to hear this. Metamask is really not safe. A hardware wallet is really important to safeguard our asset. The world is filled with evil professional thieves who every moment are trying to steal from others. We as commoners really must gather together and spread the awareness of how to take care of our own assets. Security is the utmost important thing we must know in the crypto space.
Sad, very sad.
Wow sorry that also happened to you dreem this is something that needs to be addressed and shouted out to the world, I 100% don't trust metamask anymore. A hard lesson learned. Hope it can help others not fall for the same thing. It's sure is a hard pill to swallow either way. Thanks my friend be well
Thanks for doing this fam, its not easy dealing with a mess. Appreciate everyone and the support. Hope it helps others to be careful when using things like metamask. We need more secure blockchains like hive and secure wallets that don't sign transactions for no reason like metamask has been doing lately. Stay safe my friends and thank you again.
If you find any article or tweets complaining about this hacks... please tag @forkyishere on twitter. Would love to expose those as much as I can, because that's really useful for people to stop putting their entire life savings chains while using metamask at least. Also tag @hiro-hive here on HIVE.
Yeah man will do I found this one here recently
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Reblogged and upvoted. I feel awful for him :( So Metamask is as bad as I suspected?
Maybe the hive torch revenues can be split there is a call also for a medical bill for a hivers uncle why not this
Interesting, I like how community comes together on hive to help and support others in need.
Ofcourse ! Hope it works out