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So the big shots in crypto still don't understand how to secure their coins?
by ketamine__ 6y ago
So the big shots in crypto still don't understand how to secure their coins?
- Triv888 6y agoI only have a few dollars, but I keep mine offline gpg encrypted... when I don't need them
- gruez 6y agoWhat gave you the impression that coins were stolen? The twitter thread only mentioned that a few people's domains were hijacked, and that the victims all had their emails (and hence domains) exposed in a recent hack/leak of Ledger. It's conceivable that after hijacking a domain, you can gain access to the victim's cryptocurrency exchange account via password reset email and steal coins that way, but most exchange I know require multiple factors (eg. passport scans, phone/sms verification, waiting periods, security questions, etc.) so a hijacked email isn't going to do much.
- ketamine__ 6y agoThere is a security solution that is much stronger than 2FA, passport, etc. It's called a hardware wallet.
- gruez 6y agoThat's true, but where in my comment does it suggest that keeping coins on an exchange account is a good idea? If you're a bitcoin whale, there's invariably going to be a decent amount of coins worth stealing on an exchange account somewhere. The only reason exchange accounts were brought up is that's the only conceivable way a domain compromise can lead to coins being stolen.