With the rapid development of the cryptocurrency market, digital assets have become an important source of wealth for many investors. However, the recent severe wildfires in Los Angeles, California, have also exposed the digital assets of countless people to unprecedented risks. This disaster has warned people that in addition to prevention How to protect digital wealth from hacker attacks and natural disasters is also crucial. (Preliminary summary: Is the Bitcoin crash related to the Los Angeles fire? Netizens cried: cold wallets, mnemonics, and houses were all burned down...) (Background supplement: Los Angeles fire) Trump choked the governor's "save fish instead of fire" fans (The currency Smelt once soared 11,700%) Los Angeles, California has been hit by extremely severe wildfires in recent days, causing thousands of houses to be damaged and hundreds of thousands of people to be evacuated. The memory backup was also destroyed in the fire, triggering extensive discussions on the security of crypto assets and the importance of private key preservation. What forms of cryptoassets might be missing? During this wildfire situation, many forms of crypto-assets are facing serious threats: Unbacked-up hot wallets: If wallet applications such as Metamask are installed on mobile phones or computers without backing up the mnemonic phrase, assets will not be found if the device is damaged. Recover unbacked files on the computer or hard drive: Many users store mnemonic words or private keys in the form of photos or files in their computers, but these can easily be destroyed along with the computer or hard drive in a fire, leaving them unable to Recover asset cold wallet mnemonic card: Users who write mnemonic words on paper or store them in physical devices will also face the risk of permanent loss in the event of fire or flood. The fire is fierce, and many people are in emergency evacuation. There is no time to take care of the digital assets stored at home, causing countless precious private keys and backup data to go up in flames. For those who rely on digital assets as their main financial source, this kind of loss is tantamount to a devastating loss. blow. How to prevent fire damage to assets? It can be seen from this disaster that how to properly preserve crypto assets has become an issue that cannot be ignored. In order to prevent the risk of asset damage caused by fire, cryptocurrency holders can take the following preventive measures: Social recovery wallet: This is powered by Ethereum A concept proposed by Vitalik Buterin, co-founder of the forum, users can create a network of trusted contacts, split and distribute private keys to multiple trusted relatives and friends, and these "guardians" can work together to help if the private key is lost. Restoring access to the wallet reduces the risk of single points of failure and prevents the loss of data centralization. Further reading: Vitalik writes: How to choose a "guardian" for multi-signature wallets and social recovery wallets? MPC wallet (Multi-Party Computation wallet): MPC (Multi-Party Computation wallet) manages private keys through multiple parties, such as OKX Web3 wallet and Ledger Recover, which can reduce the risk of asset loss caused by the damage of a single device and provide a A unique way to safely store cryptocurrencies. Extended reading: What is "MPC Wallet" and can it really solve the security problem of crypto assets? Fireproof safe: Storing cold wallets and mnemonic cards in certified fireproof and waterproof safes can effectively protect physical backups from disasters. Mnemonic metal plates and steel capsules: There are metal mnemonic plates specifically designed for cryptocurrency users on the market, such as steel mnemonic plates and steel capsules, which are resistant to high temperatures and corrosion, and can effectively avoid Mnemonic paper cards have been destroyed in various disasters such as floods and fires. The hidden steel capsule launched by Ledger can withstand temperatures of 1,400 degrees Celsius and effectively protect the mnemonic phrase. Picture source: Ledger Memory or tattoo backup: Some users will choose to keep the mnemonic in their mind, or record it on their bodies in special ways such as tattoos. However, this method is risky, as the memory in the brain is easy to forget, and the tattoos on the body are easy to be exposed. Not disclosing private keys is still the right approach. The above methods are expected to reduce the risk of asset loss in natural disasters. At the same time, it is best to keep a low profile and not easily disclose private keys and asset management methods. Even if fire protection devices or advanced technologies are used, once others know the storage Location or manner, it is still possible to become a target for thieves. Crypto asset holders should know that the security of crypto assets is not only to prevent hacker attacks, but also to fight against natural disasters and accidents. Users should take appropriate backup and protection measures according to their own needs to ensure that digital wealth can be protected under various circumstances. be properly preserved. Related reports: Will the U.S. sell Silk Road’s 6.5 billion magnesium bitcoins to overwhelm the market? Analyst: Will be sold OTC, don’t panic Kill! Bitcoin pin $91,200 hit a 1-month low, but exchange BTC reserves continued to flow out, and whales increased their holdings. The Administrative Region of Bhutan announced that it would include Bitcoin, Ethereum, and BNB in ​​strategic reserves. CZ praised: a smart move, "Los Angeles wildfires ignited" Asset security discussion, how to avoid your crypto wealth burning to ashes?"This article was first published in BlockTempo (Dong District Dongzhu - the most influential blockchain news media).