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Wallet Guard Profile picture
@wallet_guard
Jun 22, 2022 • 9 tweets • 4 min read • Read on X
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❄️Cold Wallets vs 🔥Hot Wallets and why you should have both:

A Thread 🧵 (1/x) Image
1/ What is a Cold Wallet?
A simple answer is a Cold Wallet (Hardware Wallet) is a wallet that has never been connected to the internet. This is important because it ensures your seed phrase hasn't had any exposure to the internet. (Never take a picture of the seed phrase) Image
2/ What is a Hot Wallet?
The easiest way to understand a hot wallet is to compare it to something like your MetaMask/Coinbase Wallet that you use to mint. Hot Wallets tend to be the wallets you have set up on your phone, web browser and desktop wallet. Image
4/ Use Case:
A new NFT Project comes out. I would load up my hot wallet or burner wallet (@MetaMask) with ETH then proceed to their website to mint. After mint you would send the NFT from your hot wallet to your cold wallet (@Ledger)
5/ Why should you do this?
Imagine the situation where that NFT you minted had a malicious contract or you interacted with a malicious dApp that could steal your NFTs or Crypto.
6/ NOTE:
The Cold Wallet & Hot Wallet combo allows you to be safer by keeping your assets safer in your cold wallet (Treat this like a vault).
7/ Pro & Cons of Hot Wallets:
Pros:
- Convenient
- Good for minting new projects
- Good for Degen plays (Risk)
Cons:
- If your seed phrase is compromised, the entire wallet is at risk
- Less effort involved to compromise a hot wallet Image
If you liked this content or found it helpful, please like and retweet this to spread awareness!

Website: walletguard.app Image
🎙 Web3 Security Radio: Episode 4 🎙

Time: Sunday, June 26th at 3pm EST.
If you’re interested in being a panelist
send us a DM!🎙

#SpacesHost
twitter.com/i/spaces/1DXGy…

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More from @wallet_guard

Wallet Guard Profile picture
Jan 4, 2023
Reasons why you should be using a Burner Wallet [Web3] 🔥

◻️ Secure your assets 💰
◻️ Maintain your privacy 🕵️
◻️ Test out new projects 💻
◻️ How to create a Burner Wallet 🔥

// THREAD🧵 //
💰 Secure your assets //

By using a burner wallet for your web3 transactions, you can increase the security of your assets and protect them from potential threats. If you happen to interact with a malicious transaction, your other wallets will remain safe.
🕵️ Maintain your privacy //

A burner wallet can help you maintain privacy in your transactions, but it's important to remember that your operational security (OpSec) in funding the burner wallet will greatly affect the level of privacy you can achieve.
Read 8 tweets
Wallet Guard Profile picture
Dec 22, 2022
State of Web3 Security [November 2022]

By: @Wallet_Guard x @SlowMist_Team
For an easier-to-read PDF visit:
walletguard.app
1. FTX Wallet Drainer/

FTX, once one of the largest cryptocurrency exchanges in the world, filed for bankruptcy after it was discovered that customer funds were misused.
Read 38 tweets
Wallet Guard Profile picture
Dec 8, 2022
⚠️ URGENT

Google has released a patch for a vulnerability in Android that allows for REMOTE CODE EXECUTION over Bluetooth with no additional execution privileges needed. Image created with DALL-E 2
It is crucial that all Android users update their devices to the latest version as soon as possible to protect against this vulnerability.
The vulnerability could allow an attacker to execute malicious code on a device simply by being within Bluetooth range. This could be used to gain access to take control of the device.
Read 6 tweets
Wallet Guard Profile picture
Nov 3, 2022
⚠️ MaaS: Laplas Clipper [Web3]
🔎 Crypto Clipboard Hijacker

New emerging malware strain "SmokeLoader". Laplas is designed to target crypto native people. Laplas Clipper hijacks a transaction and swaps the victims wallet address with the hackers. Picture by Cyble
What does it do?

• Monitors clipboard for crypto address
• Swaps copied wallet address with hacker's wallet address
• They will make the attacker's wallet as similar looking to your wallet address (BTC) Image
What can it target?

"The clipper can support wallets such as Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Dogecoin, Monero, Ripple, ZCash, Dash, Ronin, Tron, and Steam Trade URL" Image
Read 10 tweets
Wallet Guard Profile picture
Oct 1, 2022
Why is Wallet Guard 🔒 important?

• Prevents common forms of phishing via our algorithms
• Prevents interactions with malicious websites and dApps
• Identifies freshly created scams
• Proactive phishing protection
• The first security dashboard in web3
Why is Phishing Protection important to Web3? 🛡️

• 90% of hacks begin with a form of phishing
• Phishing can lead to Wallet Drainers or Malware
• Hackers are constantly getting more advanced
• Sometimes all it takes is a malicious website to compromise your device Image
How does Wallet Guard 🔒 work?

• We provide phishing protection for well-known and trending web3 projects
• We alert you on DNS Record updates to help you stay safe from DNS Hijacking attacks
• We provide a security dashboard to help users stay on top of their OpSec Image
Read 7 tweets
Wallet Guard Profile picture
Sep 30, 2022
🔎 Think you've been compromised?
📚 Here's some steps to check for yourself
💻 [Windows Edition]

7 steps you can take now to detect malicious activity on your computer🧵

Co-Authored: @MichaelKdcl x @TheMindOfOhm
Step 1 [TURN ON AIRPLANE MODE]

click Start button > type "airplane mode" > turn airplane mode on to disable internet/wifi/radios
Step 2 [CHECK INSTALLED APPS]

click Start button > type "add remove programs" > sort programs by "Install date" > uninstall recently installed apps that are foreign to you
Read 9 tweets

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