Quote from: Xun hu on January 14, 2025, 07:15:34 AM

I don't know if opening a thread on this topic is appropriate, but I feel the need to open this thread due to the possible damages recently caused.

Recently, the "Devil's Wind" has caused widespread wildfires in California, particularly in areas like Los Angeles, leading to significant damage. These winds are dry, warm, and fast-moving, which makes them conducive to wildfires.

I have learned that recently, some people lost their cryptocurrency holdings due to the fires in Los Angeles. Their homes and the private keys to their wallets were destroyed. For example, a 70-year-old woman lost her apartment to the fire, along with her cryptocurrency. She had written her private key on paper, which was destroyed in the fire. As a result, she permanently lost access to her digital assets.

There are some effective steps we can take to protect ourselves from such losses:

Using hardware wallets like Ledger or Trezor to keep private keys offline, which provides physical security and protects from loss or destruction.

Keeping backups of private keys or recovery phrases in multiple secure locations.

Using wallets that require multiple signatures for access.

If private keys are written on paper, ensuring that the storage location is fireproof.

yes, we have to save phrase or key physically and online. so move it to a flash disk, ssd or when fire or other disaster we have to save laptop or where we store key.