A recent incident involving the loss of assets from a cold wallet has drawn public attention to the issues of cryptocurrency storage security. In this article, we will examine this case and discuss how users can protect their assets.
The Tragedy: How Can a Cold Wallet Still Get You Hacked
Recently, news emerged that a crypto investor lost all his assets worth approximately ¥50 million (~$6.9 million USD) after purchasing a cold wallet through a short video platform. According to blockchain security firms, this incident occurred due to a compromised third-party device that was tampered with before delivery. This raises the essential question: how can users avoid such traps?
Cold Wallet Does Not Equal Guaranteed Safety
Many users think that cold wallets guarantee absolute safety. However, this is not the case. Different types of cold wallets come with their own risks. For instance, some devices can be compromised, and improper usage or purchasing through unofficial channels can lead to asset theft. When checking a cold wallet, it is essential to pay attention to its source and usage conditions.
What Kind of Wallet Is Actually Safe?
To ensure the safety of cryptocurrency, follow several key rules: 1. Buy only from official channels; 2. Keep your recovery phrases or private keys only on paper — never online; 3. Keep your devices clean and avoid suspicious apps. These rules will help minimize risks when storing your crypto assets.
Protecting crypto assets requires attentiveness and knowledge. A cold wallet is not a cure-all, and users must understand the associated risks and follow key safety principles to protect their investments.
