Binance Square
solanawallet
29,572 views
19 Posts
Hot
Latest
LIVE
LIVE
Crypto PM
--
Bullish
How to avoid getting SOL wallet drained? . . . ... This question is asked by some of our followers: Guys I see a lot of people getting drained and it is my biggest fear. How can I avoid getting drained? I see someone saying they downloaded malware? I only have my wallets logged in on my phone is that a good deterrent or not? Please any advice is much appreciated. It's easy: 1 - Never interact with a dApp you now nothing about. 2 - Never use your main wallet (better be a cold wallet) that hold everything, that's the dumbest thing you can ever do even with the most trust crypto dApps. Always send crypto from your main wallet (that holds everything) to other " Hot Wallets ", the from " Hot Wallet to your " Burner Wallet/s ". " Burner Wallet/s " should only contain what you're willing to risk (Swapping, minting an NFT ...) and it should be the only wallet/s interacting with dApps, even the most trusted ones. 3 - Too greedy and can't control yourself ? No problem, use a " Burner Wallet " loaded only with the amount you're willing " to risk ", so once shit happens, you loose only that amount (it's called damage control). I got drained of $2000 from my wallet, and I think it was caused one of two things. First, approving tokens: if the contract isn't verified or you don't know how it works, it could easily be a smart contract that can manage all of your tokens. The other reason is malicious software on your computer. There are a lot of scammers nowadays on LinkedIn pretending to be recruiters, and then they try to test you by making you solve some code in a repository. If they tell you to download something and run some script in your project, avoid them and block. That's my experience. #Solana⁩ #wallet #Hacked #solanawallet #SecurityAlert
How to avoid getting SOL wallet drained?
.
.
.
...

This question is asked by some of our followers:

Guys I see a lot of people getting drained and it is my biggest fear. How can I avoid getting drained? I see someone saying they downloaded malware? I only have my wallets logged in on my phone is that a good deterrent or not?
Please any advice is much appreciated.

It's easy:

1 - Never interact with a dApp you now nothing about.

2 - Never use your main wallet (better be a cold wallet) that hold everything, that's the dumbest thing you can ever do even with the most trust crypto dApps. Always send crypto from your main wallet (that holds everything) to other " Hot Wallets ", the from " Hot Wallet to your " Burner Wallet/s ".
" Burner Wallet/s " should only contain what you're willing to risk (Swapping, minting an NFT ...) and it should be the only wallet/s interacting with dApps, even the most trusted ones.

3 - Too greedy and can't control yourself ? No problem, use a " Burner Wallet " loaded only with the amount you're willing " to risk ", so once shit happens, you loose only that amount (it's called damage control).

I got drained of $2000 from my wallet, and I think it was caused one of two things. First, approving tokens: if the contract isn't verified or you don't know how it works, it could easily be a smart contract that can manage all of your tokens. The other reason is malicious software on your computer. There are a lot of scammers nowadays on LinkedIn pretending to be recruiters, and then they try to test you by making you solve some code in a repository. If they tell you to download something and run some script in your project, avoid them and block. That's my experience.

#Solana⁩ #wallet #Hacked #solanawallet #SecurityAlert
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number