Davide
@0xdavide
👤5️⃣💲 Stealing the seed or hacking the platforms is not out of fashion but today there are even bigger risks: the "5$ wrench attack" (threatening/kidnapping someone in real life in exchange for the seed/private key). These attacks are possible both if you are a privacy fanatic and by "coercion" (KYC). Main tips: 🔹Have many wallets: provide the wallet with few funds (it always depends on how "doxxed" you are, if they know you have 20M dollars, you can't provide a hardware wallet with 300$). 🔹Emergency PIN: some wallets (Blockstream Jade) have emergency pins that divide the wallet into multiple "departments". By providing the "real" pin you have access to the funds, providing the "emergency" pin to a wallet with a modest balance (however if the criminal knows that your wallet has 20M dollars, he might not trust 3k that he finds in the "emergency" wallet).
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Davide
@0xdavide
🔹Some Hardware Wallets have functions to "destroy" the wallet remotely even via SMS (the problem is that if you are threatened it is almost impossible to do so). 🔹Mixer: CoinJoin for BTC or TornadoCash for ETH can anonymize addresses making it almost impossible for anyone who "knows" you to track you. 🔹Devices such as SilentBeacon are wearable buttons that in case of emergency can send your GPS location to trusted people. 🚫Wallet Multi-Sig (2 of 3) and Shamir's Secret Sharing (seed splitting into multiple fragments) are useful for generic thefts (house) but not for physical threats, as the criminal can still force you to provide the composition of the seed or to sign the transaction to the other holders of your Multi-Sig. ⚠️Be careful when Government scammers demand your KYC for AML, they only care about your tracking/control (exercised through exchanges), not your health!
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