CoinDCX Web3 wallet compromised

[Bitcoin Smith]

This is not about the coinDCX exchange but it seems they have a separate wallet app for web3 functions and all the funds are now on hold without the consent of the users which is a preventive measure to stop hack.. But this is another lesson why we should not use the custodial wallet for crypto storage.

# Not your keys Not your cryptos

[memehunter]

Web3wallets are non-custodial in nature (that is the whole point of web3wallet), isn't it true? IMO this hack has something to do with phishing or other attacks towards some individuals (although 106 is not a small number). I mean, while 'not your keys, not your coins' is true, you have to safeguard your keys from others as well in your individual capacity. No matter how robust the web3wallet provider is (Binance, Bybit, Coindcx, etc.), ultimately, you are the one who must be careful. 

this is another lesson why we should not use the custodial wallet for crypto storage.

[JSRAW]

Nimo tai should introduce hacktax on these cheeky bastards.

[TheUltraElite]

Nimo tai should introduce hacktax on these cheeky bastards.

Asking for tax when they are low on funds, that sounds oppressing. Reminds me of the habit of Indians having to feed their relatives when someone dies in their family, I hate that and I made it a point not to visit any.

But again not your keys concept is what applies here. Quite a few people in the world have been using exchanges as wallets because they dont want to add in another software on their PC or phone.

[Bitcoin Smith]

But again not your keys concept is what applies here. Quite a few people in the world have been using exchanges as wallets because they dont want to add in another software on their PC or phone.

They will realize their mistake only when it becomes too late, people lost 235 million in Wazirx but not yet enough awareness about the wallet and exchange is not a wallet among the Indians. And if they use wallet then it's mostly trust wallet so they don't care about the source code either they simply just trust the big names instead of using the better open sources crypto wallets for bitcoin or altcoin storage.

[JSRAW]

Nimo tai should introduce hacktax on these cheeky bastards.

Asking for tax when they are low on funds, that sounds oppressing. Reminds me of the habit of Indians having to feed their relatives when someone dies in their family, I hate that and I made it a point not to visit any.

But again not your keys concept is what applies here. Quite a few people in the world have been using exchanges as wallets because they dont want to add in another software on their PC or phone.

Arey I was talking about tax on hackers but don't give her any idea. Nimo tai doesn't need a reason for oppression so se can do anything and we will end up with pikachu face.

I also keep some amount here n there for some chutiyapa reason and sometimes convenience but I make sure that it's in limit and won't disturb my mental space in case of any mishap.