Can an online wallet be hacked by virtual thieves?

[ekta]

Certainly, online wallets are susceptible to hacking attempts by virtual thieves. Despite inherent risks, reputable platforms employ robust security measures, including advanced encryption and stringent protocols, to safeguard user funds. Users can enhance protection by implementing two-factor authentication and ensuring their software is regularly updated. While to system is entirely invulnerable, these security significantly mitigate the risk of unauthorized access and financial breaches in online wallets.

 

[fcbetting]

For online wallets there is bigger chance to stole assets than in offline wallets. Use same email, same password, easy recovery question, open fake email for password recovery. Those are most often mistakes by users how they lose wallet access.

 

[timewo]

There are many cases where online wallets are hacked and the money is stolen especially if there is more money in the wallet. Online fraud is extremely difficult to trace and get justice.

 

[nomad]

If you are using decentralized wallet, it is less likely to get your wallet hacked as long as you keep your seed words safe, possibly written on a paper and stored in your locker.

 

[Stardom22]

I think in this world there are more cybercrime rates that arise online everyday. So people must be very diligent on keeping their details very safe to avoid unnecessary losses from the perpetrators.

 

[eldavis]

Yes I strongly believe that online wallets can be hacked, the potential of it being hacked is even high compared to other wallets. There have been lots of cases of these online wallets being hacked.

 

[riberet19]

Yes there are many examples of how these wallets have been hacked, for example metamask or trust wallet, just google "hacked online crypto wallets" and you will see the number of hack occurrences.

 

[Suba]

Actually, we store crypto not in a wallet but on the blockchain, a wallet is just a bridge to access the blockchain for users. Many hot wallets are hacked due to user error, be it phishing or using fake wallet apps, in which case users often forget to disconnect their wallet after connecting it. with third parties.

 

[Stardom22]

It's very easier for the virtual thieves to temper with your stored crypto currency on the online wallets than it is in the offline wallets. This is because it's very difficult to access offline stored assets in wallets.

 

[timewo]

One of the largest crypto exchanges is openly robbing users of small amounts, asking them to send a copy of the national id of the sender, which the sender businesses will refuse for a small amount.

 

[Stardom22]

The online scams has really advanced on their operations oflate. They are in a position to rob anything especially the online transactions. Online users should be therefore be advised to be extra vigilant on the same.

 

[fcbetting]

After swap on some exchange service always disconnect your wallet from service. That connection is always vunerable and attackers can empty your connected account.

 

[olaniyi]

It is possible that online wallet is hack by virtual thief kid depends on how much secure you put on your online wallet if there is enough security it will be somehow hard