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RE: PSA Freewallet and Jaxx Getting Robbed - Over 10 Million USD Stolen
Such bad reporting,
anyone with 10 second access to you network can get all keys to your wallets due to seed Jaxx generates.
It's physical access to device storage, very hard on a pin locked phone.
This is proper reporting : https://steemit.com/cryptocurrency/@steemitguide/jaxx-security-and-exploit-allows-easy-extraction-of-the-jaxx-s-wallet-12-word-backup-phrase
(2 days ago)
Somewhat true. On a phone it's almost impossible to get to the files containing the encrypted mnemonic. Hard code encrypted as it is. The apps are sandboxed. If you choose to hold your coins on a rooted phone, well that's your problem right there.
Secondly, the desktop side which is more exposed. The hacker needs access to your drive, to your files. If you can't secure your computer to not be breached, then again, you shouldn't be holding Jaxx or any wallet on your desktop.
They are comfortable with this approach for the moment as some of the responsibility is also in the hands of the coin holder. There are also developments to increase security.
Stop spreading FUD @kingscrown. People that have these levels of breaching should get their own security on par with the industry trend. If you forget your credit card on a counter, is it the bank's fault that your funds get stolen?
Jaxx_Annie said on this reddit thread (https://www.reddit.com/r/jaxx/comments/6gpurq/limit_on_send/):
"No worries! We're actually working on a new security model as we speak. We'll update you all shortly :)"
Thanks, for the info. I just lost some bitcoins to hackers that stole it from my third party wallet . Security is really a BIG challenge to cryptocurrency. This will discourage many from investing in crypto.
He could be a CIA mole on Steemit--tons into cryptos, trying to sabotage anyone who makes too much money like beating down silver and gold when they rise too high. Creates lack of trust in cryptos. Theft event may also be Fake News--may never have happened. Also all browsers are viewed by CIA, NSA--anything non-encrypted. Write down password immediately on a piece of paper and delete from laptop--breach could have occurred with unencrypted password viewed by owner on laptop.
I was wondering about this. Nobody has 10 second access to my phone. I treat that thing like a physical wallet.
True and most Democrats will try to sabotage Crypotocurrencies. Democrats live on triple bookkeeping entries and ledger legerdemain. Rogues are rogues and rogues by nature destroy--that's all they do--no values. A danger to cryptocurrencies. Hundreds of CIA Deep State guys and gals are surely into cryptocurrencies trying to destroy them.
Me think you're responding to wrong comment.
Wonderful times ahead as the crypto community try to avoid theses baddies. Decentralised exchanges are one way so we can avoid by bypassing the likes of Coinbase, Kraken and other centralised exchanges
Decentralization is probably the BEST security possible within the current system, as the per-account cost remains additive, rather than anti-log.
That will become moot when the baddies get access to quantum processing.
right... trolls everywhere . such bad reporting .
Do you use coinbase? How secure is it please and please is there any platform to trade btc in Africa?......am a crypto rookie please, pardon my intrusion!
coinbase is cool to buy crypto but don't store it there.. download Jaxx or get a Ledger S Nano hard wallet to store your crypto. Never keep crypto on an exchange like coinbase thinking it's a wallet...
If you cannot use Coinbase try Xapo
Lol upvoted
I guess if people leave heir mnemonic lying around and if people don' set up a pin code then safety is pretty much zero. Otherwise I think most wallets are more or less equally safe (or unsafe? lol).
Jaxx_Annie said on this reddit thread (https://www.reddit.com/r/jaxx/comments/6gpurq/limit_on_send/):
"No worries! We're actually working on a new security model as we speak. We'll update you all shortly :)"