Exodus warning

[FarmgirlRebel]

I know a lot of you use Exodus and I have used it as well.

I would not recommend keeping any kind of funds for long term on any kind of wallet that is accessible to the internet.

I had my Exodus account hacked into a year ago. Luckily I had already transferred all of my BTC and alt coins into a hard wallet. so no real big losses.

However I had about 1k in Hbar sitting in there..it was wiped out. No recourse, nothing, poof, gone. I usually don't leave funds long term in any kind of wallet with access to the internet, but I just hadn't transferred the Hbar...my mistake for procrastinating.

I'm sure many of you are savvy, but maybe for some newer to crypto, fund your wallet, make your transaction and get your funds off the wallet. Transfer to an external wallet or cash out...anything you leave behind can be vulnerable. Or, just keep in mind, don't leave any funds on a wallet that you cannot afford to lose.

 

[Eddiem0nster]

ledger wallet is the solution

 

[Lucky_Charms]

I'm still a novice at crypto, so this is a good warning imo. Is a hard wallet a safe option?

 

[Bigwally1]

Thanks for the advice. Those of us that are new to crypto need all the advice we can get.

 

[FarmgirlRebel]

I'm still a novice at crypto, so this is a good warning imo. Is a hard wallet a safe option?

It's safe as long as you don't lose it. Because it it external and small, it can be misplaced. I keep mine in a small safe.

 

[Not_Your_Dad]

It's always a risk you take with a warm wallet or leaving crypto on-exchange.

I'm hoping to streamline this enough for myself that I'll never have more than $50-100 living in Edge and I'll buy what I need as I go, and get it sent within a couple of hours.

But yes, I think if you're entertaining any thoughts of keeping more than $100 held in crypto, it's probably worth learning and actually using a cold wallet.

 

[Lucky_Charms]

Makes sense!

 

[ZippityDooDah]

I had my Exodus account hacked into a year ago.

How exactly?

 

[FarmgirlRebel]

ledger wallet is the solution

This is what I have, very simple to use. Safe.

How exactly?

Wish I knew how it was done. Whoever it was, managed to get into the wallet I had installed on my laptop. Exchanged the HBAR for SOL and took off with it. I contacted Exodus and pretty much told, sol.

I normally don't leave much on warm wallets, but I had used Exodus for years and really wasn't worried about it...my external wallet wouldn't accept HBAR so I let it sit in Exodus instead of finding an place more secure...sighhh. Just super thankful I didn't leave more on it.

I should never have left my laptop connected to the internet.

 

[Estarossa19]

If you follow basic cybersecurity principles this wouldn't happen. Would you provide more details as to how it was hacked?

 

[FarmgirlRebel]

If you follow basic cybersecurity principles this wouldn't happen. Would you provide more details as to how it was hacked?

As I mentioned above, I have no idea how it was done. My wallet was on my laptop...someone came in, swapped HBAR to SOL and took off with it...I normally keep everything on a hard/external wallet.

The point of the post was exactly as you say, a warning to people to be careful about storing on warm wallets.

Kind of a heads up, don't be stupid, like I was and leave funds on a wallet that is staying connected to the internet.

 

[Wallydog]

Uhhh - my avatar looks suspicious but I personally can't find my actual wallet half the time so a crypto wallet would be out of the question.

 

[IshimaruKenta]

If you follow basic cybersecurity principles this wouldn't happen. Would you provide more details as to how it was hacked?

This, exactly. This isn't an "Exodus" issue as stated by the topic name, but a warning to keep your shit secure. If you didn't use 2FA, passkeys, strong passwords, that's your fault, not the wallet's fault.

 

[FarmgirlRebel]

This, exactly. This isn't an "Exodus" issue as stated by the topic name, but a warning to keep your shit secure. If you didn't use 2FA, passkeys, strong passwords, that's your fault, not the wallet's fault.

You are right, it really isn't Exodus, but keeping a wallet on computer with access to the internet...cybersecurity 100% and getting complacent can cost a person.

 

[Peptidesearch]

I use Exodus like a virtual credit card. I only transfer crypto to it right before a transaction and try to leave less than $100 in it at all times. I really don't want to go any deeper than that with other wallets etc.

 

[SpiralJetty]

They say "Not your keys, not your coin" for a reason.

 

[greatbriton1]

Haha my exodus has $89 in it. I only transfer in or out prior to a transaction otherwise it just sits on my phone

 

[DrPEPr]

You are right, it really isn't Exodus, but keeping a wallet on computer with access to the internet...cybersecurity 100% and getting complacent can cost a person.

If you practice good 'cyber hygiene' you're perfectly fine.

Hardware wallets can get stolen too (or break down / malfunction).

No solution is perfect.

 

[Mr. Blonde]

I use Exodus like a virtual credit card. I only transfer crypto to it right before a transaction and try to leave less than $100 in it at all times. I really don't want to go any deeper than that with other wallets etc.

This is the way to do it. Easy and nothing to worry about.

 

[HereKittyKitty]

I know a lot of you use Exodus and I have used it as well.

I would not recommend keeping any kind of funds for long term on any kind of wallet that is accessible to the internet.

I had my Exodus account hacked into a year ago. Luckily I had already transferred all of my BTC and alt coins into a hard wallet. so no real big losses.

However I had about 1k in Hbar sitting in there..it was wiped out. No recourse, nothing, poof, gone. I usually don't leave funds long term in any kind of wallet with access to the internet, but I just hadn't transferred the Hbar...my mistake for procrastinating.

I'm sure many of you are savvy, but maybe for some newer to crypto, fund your wallet, make your transaction and get your funds off the wallet. Transfer to an external wallet or cash out...anything you leave behind can be vulnerable. Or, just keep in mind, don't leave any funds on a wallet that you cannot afford to lose.

Thank you for this. Very new to crypto and have been slowly figuring out how to get money to it quickly so I can keep it moving. I have money to transfer out. Taking care of it this morning, thanks to you.