Post
Topic
Board Altcoin Discussion
Re: Someone sent ERC20 from my cold storage
by
hopenotlate
on 07/12/2022, 16:50:28 UTC
Can people transfer money from cold wallet? Without having them? Isnt it the main purpose of Cold Wallets to keep assets safe?

No they can't , luckily.

Thread title is a bit misleading, if you read carefully opening post you first line says :

This is not my address but its a similar transaction.

Basically attackers create and use very similar addresses to the ones the victim of the attack is sending money to , so that a "malicious" address is stored in tx history of the victim  : if the victim doesn't doublecheck carefully every address they are sendin money to but lazily copy them from theiy TX history they risk to lose their funds.