You've already lost all your crypto...
Due to silly mistakes, users lose $18 million every day!
I spent months understanding crypto security.
If I knew this before, I wouldn't have lost $100K.
ā¹ As the market grows, there are more and more instances of hacks and user fund losses.
ā¹ One of the latest HIGH-PROFILE events was the hacking of an OKX account belonging to a crypto enthusiast.
ā¹ The amount of funds lost was around $11M in just 25 minutes.
ā¹ To avoid becoming a victim of such events, you simply need to not neglect security.
ā¹ Even basic security methods will show significant results.
ā¹ I want to share with you 7 tips that can protect you from losing funds and various hacks:
ā¢ 2FA
ā¹ The most basic and effective way to protect any account is two-factor authentication.
ā¹ Always set up 2FA through Google Authenticator since SMS to phones have several vulnerabilities.
ā¹ It was precisely for this reason that the account mentioned above was hacked.
ā¢ Preventing Drain Contracts
ā¹ A common cause of fund loss is signing scam transactions that drain their wallets.
ā¹ A good solution for protection is the extension
ā¹ It emulates the transaction and shows you the result - if something is sent from your wallet, that's a red flag.
ā¢ Disable Synchronization
ā¹ Your files can automatically sync to the cloud without you even knowing.
ā¹ Check the synchronization settings for iCloud and OneDrive, and if something important was synchronized, delete those files from the cloud.
ā¹ This way, your files cannot be accessed through a simple cloud hack.
ā¢ Storing Seed Phrases/Private Keys
ā¹ A common mistake is storing such important data in the cloud or accessible files on the computer.
ā¹ After the first hack or leak, you will lose all your savings.
ā¹ Ideally, store such files on encrypted flash drives.
ā¢ VeraCrypt
ā¹ An application that allows you to perform various encryption options:
ā¢ Create a container by encrypting a specific area on the disk.
ā¢ Encrypt the entire system.
ā¢ Encrypt an external drive/flash drive.
ā¹ If you do not want to store files with seed phrases on a flash drive, at least create a container and put all the files in it.
ā¹ Ideally, you should encrypt the flash drive and transfer the files to the flash drive while your computer is offline.
ā¹ No one can access your files without entering the password.
ā¹ Therefore, I recommend creating passwords of 20+ characters, including uppercase/lowercase letters, numbers, and symbols.
ā¢ Wallet Passwords
ā¹ Few people create strong passwords for their wallets in extensions.
ā¹ This is wrong because if someone gains access to your PC via remote access, your wallets will be drained by simply guessing the password.
ā¹ Create passwords based on the principle from the previous tip.
ā¢ Antivirus
ā¹ A very basic method of additional protection that almost everyone neglects.
ā¹ It's not a panacea, but it will make your device more secure.
ā¹ Do not skimp on purchasing a licensed antivirus, as crypto does not forgive mistakes.
į That's all for today
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