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RE: Phishing attempts targetting Ledger wallet owners

in LeoFinance6 months ago

Probably there is no better lesson (on how to not misuse your HD wallet seed, 12/24 words) than learning from your own mistakes.
I have learned this the hard way too, myself.
I was lucky to end up with rather moderate loss, just ~$2000 worth

My recommendation is :

For using your 12/24 words, typical suggestion "think twice" is not enough.
Think 10 times, 15 times. Consult 2-3 friends.
Be sure you understand what are those 24 words, understand it's power, and how it works.

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I have learned this the hard way too, myself.
I was lucky to end up with rather moderate loss, just ~$2000 worth

That isn't a moderate loss to a lot of people; ouch!

Be sure you understand what are those 24 words, understand it's power, and how it works.

Bitcoin and crypto is all over the news again, so that will attract a lot of people that are new to crypto and don't know how it works.
It's necessary to keep spreading the word :)

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