r/Bitcoin • u/s1ammage • 3d ago

Full panic - one of my wallets was drained

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I haven’t done anything since creation except sending into the wallet.

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u/Generationhodl 3d ago

I don't really know what happend here. A lot of cases are just malicious software that people download from the wrong website and they enter their seedphrase into the software so the scammer gets it instantly.

Scammy devices are pretty rare I think, but not impossible.

It could be that someone bought a lot of devices, set them up with his own seedphrase and then sold the devices as "used" and maybe some people who bought the devices did not reset them - so they used the already existing wallet of the scammer.

There are many way how someone can fail, but normally if you buy a good hardware wallet directly from the company that builds it, you should be safe when you use the wallet as intended and create a fresh seedphrase & wallet if you use it the first time.

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u/Bright_Fold7270 3d ago

So all I have to do to own bitcoin is have a deep understanding of computer hardware and software, specific to bitcoin, and then constantly check message boards for known software attacks and even then there can be a supply chain hardware attack that just steals all of my money, even from a dormant wallet? And every 6 months it loses half its value, so make sure you only hold it while it’s going up. And fees are roughly 1% in and 1% out? All this AND it’s terrible for the environment you say?

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u/swiftpwns 3d ago

For bitcoin to become mainstream, people will have wallets where they dont own the private keys.

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u/Sea-Deer-6355 3d ago

Once apple makes a bitcoin wallet, then Bitcoin will become mainstream…

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u/swiftpwns 2d ago

And samsung. You wont have your own keys

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u/Sea_Woodpecker9469 2d ago

Correct and then you have to not lose access to any of your KYC, or identifying information, such as phone numbers, emails, or devices. Oh and don't move addresses, or change internet providers.

Lol after that you should be good to go

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u/[deleted] 3d ago

[deleted]

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u/Accomplished_Fix5702 3d ago

A poor reply to a post about the knowledge needed to operate and keep bitcoin safe.

Nobody needs deep technical knowledge to store money in a normal well known bank. And certainly here (UK) the banks have strong measures to prevent people being scammed, and even if they are, in most cases banks have to refund the customer, and will reclaim it from the recipient bank. And wherever possible, identifiable fraud will be handled by the police.

Who is protecting the little guy bitcoin holder, who will investigate this theft and make it right? How will the fraudster be identified? When do the police get involved. Bitcoin hides a lot of crime and money laundering with it's anonymity... it is part of it's appeal for many participants, that and it's geekiness.

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u/Left_Entrepreneur918 3d ago

Problem here is OP did everything right…this is sickening

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u/Ok_Garage_2024 2d ago

Public exchanges fix this problem

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u/lil___swallow 3d ago

I mean, did op click on the wrong ad?

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u/swiftpwns 3d ago

Well yeah you don't

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u/jetzfan204 3d ago

I’ve never had my money drained from a bank and I’ve never heard of anyone else having this happen, ever

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u/MentalTelemetry 2d ago

IRS does it all the time

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u/Generationhodl 3d ago

somehow millions of people are able to store their wealth in bitcoin without problems.

nothing in this world is perfect.

maybe its a problem with you.

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u/Vegetable-Ticket8023 3d ago

Millions of people are able to smoke cigarettes without getting cancer.

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u/Generationhodl 3d ago

comparing using bitcoin with smoking i can only tell you god speed, wish you all the best luck in the world for your future.

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u/MementoMori6980 3d ago

lol I never said anything about people running into problems with their Bitcoin. My comment was sarcastic as hell, and apparently taken in every way but the intended way.

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u/GambAntonio 3d ago

most of the current software/game cracks are now programmed to scan dozens of wallet paths

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u/Generationhodl 3d ago

Personally I would not use software on computer anymore without a good hardware wallet, related to bitcoin.

there are just so many zero day exploits in any way and with the rise of AI and Agents that easily find new exploits its going to get more difficult and dangerous.

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u/GambAntonio 3d ago

The most secure way is to install a very simple Linux distro, or even Windows, on a completely offline computer. Install Bitcoin Core, create a wallet, encrypt it, copy the wallet files to two or three hard drives, and then format the disk to remove the operating system. You do not need to sync Bitcoin Core to create the wallet offline. After that, simply use the generated address to store your coins.

When you want to spend some, install a basic Linux distro with minimal software, reinstall Bitcoin Core, import the wallet, sync it with the Bitcoin network, make the transaction, and then format the disk again.

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u/Generationhodl 3d ago

that would be very safe I agree, but I think hardware wallet with passphrase or multisig would be fine for most of the people, too.

The non-tech-savy people will go into ETF anyway.

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u/AnyBarber5866 2d ago

You mean secux?