Post
Topic
Board Beginners & Help
Re: BTC Investor Losses 7,4 BTC with Fake Sparrow Wallet Mobile App
by
Pmalek
on 07/08/2025, 15:34:31 UTC
I don't think it's a matter of laziness here, but rather a complete misunderstanding of proper protection when it comes to hardware wallets compared to hot wallets. Because why would someone who understands the most basic things want to "move" all their coins from a hardware wallet to a mobile hot wallet? He could have done a much less stupid thing if he had sent a smaller portion of the coins in the transaction to that mobile wallet - then this story wouldn't exist today, right?
In one of his tweets he says that he thought that he was importing his cold wallet storage into his Sparrow Wallet app. I am confused and don't understand what he thinks "importing his cold storage wallet" means. I go back to my previous question regarding the way he set up his Sparrow desktop wallet. Perhaps he did it the same way in the past. Huh He imported his seed words and created a hot wallet on Sparrow, but since he was lucky and downloaded the genuine software and had no malware on his system, nothing happened to his bitcoin.