Silent thief
Up until yesterday I had never heard of SparkCat. But as of now the malware is very well known to me, as I know how incredibly nifty and stealthy this piece of software operates. It could clean out your crypto wallets without you even knowing how they did it!
The malware is installed onto your computer or phone by being hidden into crypto applications or just other plain applications. Once it is on your device it scans your photos in the cloud where it searches for photos of seed phrases of crypto wallets. The malware is so sophisticated it even can read blurry photos of badly lighted photos of recovery seed phrases.
As it is in your device it can link the recovery phrase to the corresponding wallet and just empties your wallet. Very disturbing actually!
What to do?
First of all, don’t store a photo of your recovery seed phrases in the cloud! Write it on a piece of paper instead or use something that you can remember easily. But don’t use something generic, but something only you could be able to know. And last but not least, always try to use two factor authentication for your wallets. That extra layer of safety makes your crypto a lot more secure!
Be careful out there people.
Sincerely,
Pele23
Posted Using INLEO
Backing up and storing seed phrases is a tricky task. It’s a pity how little resources dapps invest on multiparty wallet ownership and multi factor authentication. It’s true that it’s not that easy to implement these P2P or on chain but that doesn’t mean the tech couldn’t evolve if they were a little hungry for easy and quick short term gains.
Thanks for the warning and the advice. I wish however I had been making a picture of my seed phrase of PI...
I've been working it down somewhere but can't find it any more, meaning now that D-Day for Pi is nearing I'll lose everything I've minted the last years for :-(
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Damn, that really sucks, I really hope you find it!
Thanks mate, but I think I won't find it any more. Don't have the time really to look in my office at home neither... But ok, I still have some time.... !HOPE !HUG !DIY
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It is good practice not to put backups of the private keys and seed phrases of your crypto wallets on the cloud (which is basically another person's computer) to protect your account and tokens. 🧘♂️🤓 !HOPE !LUV !DIY
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@savvyplayer just sent you a DIY token as a little appreciation for your comment dear @svanbo! Feel free to multiply it by sending someone else !DIY in a comment :) You can do that x times a day depending on your balance so:!DIYSTATS
dang.. what a dirty, but genius thing.. gotta be ultra careful nowadays. :(