How to Keep Your Bitcoin Safe from Social Engineering ❤️
Few days ago, 3,520 BTC (worth over $330 million) were stolen from an elderly Bitcoin OG who had held the coins for over 8 years. The theft was executed via social engineering, not hacking.
The attacker convinced the victim to give up access, laundered the funds through instant exchanges, and converted them into Monero (XMR). Yeah, that's why it pumped 50% in a day 🤷♀️
Don’t want to end up in a headline? Then take your security seriously. Here’s how 👇
⏺Use a hardware wallet. Storing coins on exchanges or browser wallets is asking for trouble. Cold storage devices like Ledger or SafePal are your first line of defense.
⏺Never store your seed phrase on your phone, computer, or cloud. Write it down and keep it offline, ideally on metal or split across secure locations. Never share it with anyone.
⏺Ignore all unsolicited “tech support.” If someone asks for your seed or offers to “recover” your wallet, it’s a scam. No exceptions.
⏺Don’t click random links or scan QR codes. Many scams start with just one click. Use official sites only and verify everything you install.
⏺Use a clean device for crypto. Don’t manage your keys on the same phone or laptop you use for social media, shopping, or browsing.
⏺Stay quiet. The more people know you hold crypto, the more of a target you become. Don’t share balances or flex wallets online.
⏺Social engineering attacks are designed to make you feel safe just long enough to lose everything. Stay paranoid about anyone contacting you about crypto — it’s part of the job.
