risky

Web3 Cold Wallet Solicitations Are Scams — Protect Your Seed Phrase

I firmly believe anyone who tries to extract coins from cold wallets under the guise of Web3 is running a scam. These actors use fake recovery workflows, social engineering, and malicious signing requests to steal funds.

I won’t engage with unsolicited requests to connect, sign, or reveal seed phrases — cold wallets only remain secure if private keys never leave the device. Treat any ask to move assets or “help recover” funds as fraudulent.

If you encounter this behavior, stop communication, verify through official channels, update firmware, and report the actor to the platform and authorities.

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Analysis

Attackers commonly use social engineering, fake recovery pages, or malicious dApps to trick users into signing transactions or disclosing seed phrases, which results in immediate loss of funds. The co...

Recommendation

Do not connect cold/hardware wallets to unverified sites, never share seed phrases or private keys, verify support through official channels, keep firmware updated, test with tiny amounts, and report ...

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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