QUADRIGA INITIATIVE
CRYPTO WATCHDOG & FRAUD RECOVERY PLATFORM
A COMMUNITY-BASED, NOT-FOR-PROFIT
$5 000 USD
JANUARY 2022
GLOBAL
EXODUS
DESCRIPTION OF EVENTS
"Hey, I'm willing to come out admit that I was one of those idiots who screenshotted my seedphrase. This was when I was first getting into crypto so I did not really understand just how much of an foolish move that was, despite all the massive DO NOT DO THIS TURN BACK."
"So from what I’m hearing, a screenshot is a bad idea. Cool. Good thing I’m a crypto peasant."
"Cut to a few months ago and I accidently clicked on a malicious file from a torrent. I saw a command window appear for a millisecond and knew I'd fucked up. However, my last run in with a virus was just one of those 'buy our antivirus' malware deals. So I figured it would be much the same. I ran my antivirus and seemed to clear out some suspicious files."
"So I called it a goodnight and was just grateful I had not suffered for it."
"Then a couple of days later I check my exodus wallet and the balance was 0 whereas it had been 5k the day before."
"I immediately wiped all my drives and did a fresh install of windows."
"I felt like such a fool. I was presented with SO MANY chances to secure my crypto and I didn't even think to do one of them."
"It damn near threw me over the edge as my mother had just been diagnosed with cancer and I was planning to sell a portion of it to help cover some costs."
"Perhaps if I had not been so grief stricken I might have acted fast enough."
"But now it is just a cautionary tale, just like the ones I used to read and ignore lol."
Reddit user ColonelGray stored a screenshot of their seed phrase on their PC when setting up their wallet. Some time later, they downloaded a malicious torrent file which ended up running a larger program. This resulted in the hacker gaining access to the seed phrase and using it to withdraw from their wallet.
HOW COULD THIS HAVE BEEN PREVENTED?
Never screenshot the seed phrase. Always store it offline, and only offline.
Got compromised and lost over $120k in crypto; AMA : CryptoCurrency (Jun 1)
Got compromised and lost over $120k in crypto; AMA : CryptoCurrency (Jul 3)
Live charts & portfolio (Jul 3)
