Exodus warning

FarmgirlRebel

FarmgirlRebel

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I know a lot of you use Exodus and I have used it as well.

I would not recommend keeping any kind of funds for long term on any kind of wallet that is accessible to the internet.

I had my Exodus account hacked into a year ago. Luckily I had already transferred all of my BTC and alt coins into a hard wallet. so no real big losses.
However I had about 1k in Hbar sitting in there..it was wiped out. No recourse, nothing, poof, gone. I usually don't leave funds long term in any kind of wallet with access to the internet, but I just hadn't transferred the Hbar...my mistake for procrastinating.

I'm sure many of you are savvy, but maybe for some newer to crypto, fund your wallet, make your transaction and get your funds off the wallet. Transfer to an external wallet or cash out...anything you leave behind can be vulnerable. Or, just keep in mind, don't leave any funds on a wallet that you cannot afford to lose.
 
It's always a risk you take with a warm wallet or leaving crypto on-exchange.

I'm hoping to streamline this enough for myself that I'll never have more than $50-100 living in Edge and I'll buy what I need as I go, and get it sent within a couple of hours.

But yes, I think if you're entertaining any thoughts of keeping more than $100 held in crypto, it's probably worth learning and actually using a cold wallet.
 
Eddiem0nster said:
ledger wallet is the solution
Click to expand...
This is what I have, very simple to use. Safe.
ZippityDooDah said:
How exactly?
Click to expand...
Wish I knew how it was done. Whoever it was, managed to get into the wallet I had installed on my laptop. Exchanged the HBAR for SOL and took off with it. I contacted Exodus and pretty much told, sol.
I normally don't leave much on warm wallets, but I had used Exodus for years and really wasn't worried about it...my external wallet wouldn't accept HBAR so I let it sit in Exodus instead of finding an place more secure...sighhh. Just super thankful I didn't leave more on it.
I should never have left my laptop connected to the internet.
 
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Estarossa19 said:
If you follow basic cybersecurity principles this wouldn't happen. Would you provide more details as to how it was hacked?
Click to expand...
As I mentioned above, I have no idea how it was done. My wallet was on my laptop...someone came in, swapped HBAR to SOL and took off with it...I normally keep everything on a hard/external wallet.
The point of the post was exactly as you say, a warning to people to be careful about storing on warm wallets.
Kind of a heads up, don't be stupid, like I was and leave funds on a wallet that is staying connected to the internet.
 
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Estarossa19 said:
If you follow basic cybersecurity principles this wouldn't happen. Would you provide more details as to how it was hacked?
Click to expand...
This, exactly. This isn't an "Exodus" issue as stated by the topic name, but a warning to keep your shit secure. If you didn't use 2FA, passkeys, strong passwords, that's your fault, not the wallet's fault.
 
IshimaruKenta said:
This, exactly. This isn't an "Exodus" issue as stated by the topic name, but a warning to keep your shit secure. If you didn't use 2FA, passkeys, strong passwords, that's your fault, not the wallet's fault.
Click to expand...
You are right, it really isn't Exodus, but keeping a wallet on computer with access to the internet...cybersecurity 100% and getting complacent can cost a person.
 
FarmgirlRebel said:
You are right, it really isn't Exodus, but keeping a wallet on computer with access to the internet...cybersecurity 100% and getting complacent can cost a person.
Click to expand...
If you practice good 'cyber hygiene' you're perfectly fine.
Hardware wallets can get stolen too (or break down / malfunction).

No solution is perfect.
 
Peptidesearch said:
I use Exodus like a virtual credit card. I only transfer crypto to it right before a transaction and try to leave less than $100 in it at all times. I really don't want to go any deeper than that with other wallets etc.
Click to expand...
This is the way to do it. Easy and nothing to worry about.
 
FarmgirlRebel said:
I know a lot of you use Exodus and I have used it as well.

I would not recommend keeping any kind of funds for long term on any kind of wallet that is accessible to the internet.

I had my Exodus account hacked into a year ago. Luckily I had already transferred all of my BTC and alt coins into a hard wallet. so no real big losses.
However I had about 1k in Hbar sitting in there..it was wiped out. No recourse, nothing, poof, gone. I usually don't leave funds long term in any kind of wallet with access to the internet, but I just hadn't transferred the Hbar...my mistake for procrastinating.

I'm sure many of you are savvy, but maybe for some newer to crypto, fund your wallet, make your transaction and get your funds off the wallet. Transfer to an external wallet or cash out...anything you leave behind can be vulnerable. Or, just keep in mind, don't leave any funds on a wallet that you cannot afford to lose.
Click to expand...
Thank you for this. Very new to crypto and have been slowly figuring out how to get money to it quickly so I can keep it moving. I have money to transfer out. Taking care of it this morning, thanks to you.
 
Is there a consensus here on the preferred wallet or any benefit to having two? Im set up on Exodus but Trust seems to be the favorite on other forums.

I guess one disadvantage of multiple wallets is the need to leave a bit of gas on each one to transfer any excess funds out in case a purchase falls through.
 
I'm not familiar with Trust. I say choose one that is easiest for you to use and gives you the most confidence in your security.
 
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