***warning about wallets!!!!!!!***

[MindlessWork]

Saw this on another board so thought I'd share something that may be of concern:


Any of you who are trading in XLM (Lumen) coin heads up! Blackwallet.co was hacked and script placed where it will DRAIN your XLM account (less reserves) as soon as you login to Blackwallet.

READ below for more information about the situation:

https://www.reddit.com/r/Stellar/comments/7q72pw/warning_blackwalletco_hacked_check_your_public_key/

https://thinksteroids.com/community/threads/warning-about-wallets.134390395/

If you have a Blackwallet.co account DO NOT LOGIN!!!

If this is not OK to post here let me know.

 

[MindlessWork]

From above this may become a very big concern as hackers are attacking crypto exchanges and possibly more will fall to hacks like this.

Will a hard (and offline) wallet be a more secure way to hang onto your coins in this situation?

 

[Thaistick]

From above this may become a very big concern as hackers are attacking crypto exchanges and possibly more will fall to hacks like this.

Will a hard (and offline) wallet be a more secure way to hang onto your coins in this situation?

I'm far from expert but I think that is the point of the offline wallets. Anything can happen though. Coinbase lost or stole over $300 for me and hasn't made good on it. I just have a hard time believing that these currencies have much future if they aren't any more reliable than that.

 

[01dragonslayer]

Good ta know. Thanks for the heads-up my friend.

 

[HoRRoRT]

Thanks for the good information!!! Def need it

 

[pupu]

A hardware wallet is a special type of bit coin wallet which stores the user's private keys in a secure hardware device.

They have major advantages over standard software wallets:

1-Private keys are often stored in a protected area of a microcontroller, and cannot be transferred out of the device in plaintext
2- Immune to computer viruses that steal from software wallets
3- Can be used securely and interactively, as opposed to a paper wallet which must be imported to software at some point
4- Much of the time, the software is open source, allowing a user to validate the entire operation of the device

From above this may become a very big concern as hackers are attacking crypto exchanges and possibly more will fall to hacks like this.

Will a hard (and offline) wallet be a more secure way to hang onto your coins in this situation?

 

[MindlessWork]

The digital currency world needs to wake up and improve the security of the cryptocurrency ecosystem otherwise the confidence in them will fade out, not to mention that governments may also crack down harder on this.

I definitely would look into hardware wallets (thanks [MENTION=30]pupu[/MENTION]), especially if you have a lot of crypto with a high value.

It surely would suck if Coinbase or some other major exchange got hacked or phished. Also with phishing on the rise for crypto, we need to protect ourselves and not clicking links in emails.

 

[Skin&Bone]

Nothing like cold hard cash.


Sent from my iPhone using Tapatalk Pro

 

[MindlessWork]

Nothing like cold hard cash.


Sent from my iPhone using Tapatalk Pro

And really bad when that cash is stolen from honest people by nefarious ones.

 

[MindlessWork]

A hardware wallet is a special type of bit coin wallet which stores the user's private keys in a secure hardware device.

They have major advantages over standard software wallets:

1-Private keys are often stored in a protected area of a microcontroller, and cannot be transferred out of the device in plaintext
2- Immune to computer viruses that steal from software wallets
3- Can be used securely and interactively, as opposed to a paper wallet which must be imported to software at some point
4- Much of the time, the software is open source, allowing a user to validate the entire operation of the device

Would love to see these things have clients to manage the device that works with Android, iOS, Linux and Mac not just on Windows. As I am primarily a Linux user I'd like to see Linux-compatible hardware wallets.

Also how would I make payments to vendors using a hardware device without moving the coin to an exchange?

 

[pupu]

TREZOR is compatible with linux.

Would love to see these things have clients to manage the device that works with Android, iOS, Linux and Mac not just on Windows. As I am primarily a Linux user I'd like to see Linux-compatible hardware wallets.

Also how would I make payments to vendors using a hardware device without moving the coin to an exchange?

 

[MindlessWork]

TREZOR is compatible with linux.

Ah thanks, and I've seen also that the Ledger Nano S is compatible with Linux and android too (as i might want to use the hardware wallet with my Samsung phone).