Disclaimer:
This is not financial advice. Do your own research and seek a financial professional before making any investments. We are not responsible for any issues or loss.
On Securing your NFTs π
β richerd.eth (γ,γ) (@richerd) February 2, 2022
This week I have looked at 5 different cases of wallets being compromised and NFTs being stolen from their owners.
It breaks my heart every time this happens, but the patterns are always the same.
1/ Below are some rules to live by to stay safe
π§΅π
2/ Rules for keeping your crypto and NFTs secure:
β richerd.eth (γ,γ) (@richerd) February 2, 2022
β’ NEVER TYPE YOUR SEED PHASE
β’ USE A HARDWARE WALLET
β’ CHECK THE URL
β’ WATCH WHAT YOU SIGN
In all observed “hacks”, there is moment where a seed phrase was entered into a computer or a malicious transaction had been signed.
3/ NEVER TYPE YOUR SEED PHASE
β richerd.eth (γ,γ) (@richerd) February 2, 2022
I can’t stress this enough, there should never be a digital foot print of your seed phrase, if someone gets a hold theses words, then all is lost, they will forever have full control of your wallet.
No site should ever ask for your seed phrase.
4/ USE A HARDWARE WALLET
β richerd.eth (γ,γ) (@richerd) February 2, 2022
A hardware based wallet stores the keys off of your main device. Your device that could have malware, key loggers, screen capture devices, file inspectors, that could also be snooping for your keys.
I recommend a Ledger Nano Shttps://t.co/LoT5lbZc0L
5/ CHECK THE URL
β richerd.eth (γ,γ) (@richerd) February 2, 2022
Most scam sites are all attempting to get you to do one of two things 1) enter your seed phrase or 2) sign a bad transaction. Check your URLs and the source of of the URLs. If you clicked a link keep your guard up. pic.twitter.com/flYfAzNPEe
6/ It’s easy to create a fake browser based popup that looks behaves like MetaMask. The key thing watch out for is that MetaMask will never ask you for your seed phrase without you initiating it.
β richerd.eth (γ,γ) (@richerd) February 2, 2022
Also this is why you should be using a hardware wallet in the first place…
7/ WATCH WHAT YOU SIGN
β richerd.eth (γ,γ) (@richerd) February 2, 2022
In a rush people often blindly sign transactions for speed. A scammer or phishing site is counting on you to do this. Carefully look at what you are signing and what contracts are are interacting with.
8/ If your TX asks you to sign a message like 0x6fe64a…..87, you are signing a transaction that could be malicious, verify the source website and that you are indeed signing something you want to sign. pic.twitter.com/DtnGAgDTfe
β richerd.eth (γ,γ) (@richerd) February 2, 2022
9/ Once an NFT leaves your possession there is nothing you can do to get it back. It’s gone. The blockchain is unforgiving like that. The next best thing you can do is figure out what happened and then stop it in the future.
β richerd.eth (γ,γ) (@richerd) February 2, 2022
10/ Honestly, the best form of security is education. Take your time to learn what the best practices are. If you bring someone into to space educate them and set them up properly.
β richerd.eth (γ,γ) (@richerd) February 2, 2022
Stay safe and my DMs are always open to anyone who needs help with any security issues. πβ€οΈ
/fin
