Post
Topic
Board Altcoin Discussion
Re: I was robbed, and the severe setback made me rethink a problem
by
MFahad
on 19/01/2024, 11:55:26 UTC
Yesterday, my NFT was stolen. The NFT that I spent all my money to buy, the NFT that can give me a bright future, was stolen. This isn't the first time I've been robbed.

So this made me take another look at WEB3. This time the theft was due to the leak of the private key.

Yes, in the blockchain world, private keys are everything. It is the highest authority, and the only thing that can reduce its importance is multisig.

But for ordinary users, multi-signing is a high threshold and difficult to complete. So, is there a tool that can "lock" your wallet?

This "lock" does not review incoming assets, but only reviews assets when they flow out. It can be a secondary password, or a fingerprint verification. This "lock" must follow the address, not a single wallet. As you can imagine, even if the thief logs in to the wallet with the private key from another place, the "lock" existing in the address is still in effect. It may be able to steal your private key, but it cannot steal your secondary password or physical characteristics.

Is this "lock" technically difficult to implement?
sorry to hear  that you lost Your NFTs not once but twice. it is really unfortunate to see that so many people are loosing their NFTs and funds because of these security breaches and KYC leaks.
But How did your KYC got leaked this time? and what was the reason of your previous NFT theft?
I don't think Multisign is something regular/common crypto users can implement specially for daily and small transactions etc. Multisig is good for big projects and for people who deal with large sum of money.
For us the best thing is to protect our KYC and seed phrase as much as possible. don't interect with scammy apps and never trust anyone in crypto space.