Worried your jpegs were stolen in the Premint exploit?
If so, your wallet setup could prob use a boost.
Many wallet security guides are too complex or unpractical…
Here’s a simple 3-wallet setup that may work for you:
First, the best way to prevent your valuable assets from being stolen is to…
Avoid executing transactions with unknown contracts in a wallet that has valuable assets.
It's that simple.
This 3-wallet setup should be a lightweight and practical way to help you achieve that goal
The 3 wallets are:
1. Exploring: interacting with unknown contracts (eg, minting)
2. Trading: interacting with prominent known contracts (eg, OpenSea)
3. Storing: never interacts with contracts (only wallet-to-wallet transfers)
It’s important that…
1. Exploring is a software wallet with just enough $ for random degen activities.
2. Trading is a hardware wallet with enough $ to buy the coins and NFTs you want. It’s also the place to sell NFTs.
3. Storing is a hardware wallet to vault everything else that’s valuable.
Now...
It's also helpful to know what you're signing by learning about contract types.
@0x5749 did a great job outlining what happened in the premint exploit and some things to look out for.
The main point is the "SET APPROVAL FOR ALL" function shouldn't be executed on random sites.
twitter.com/0x5749/status/1548599157790687232?s=20&t=_z2MRGUxhXNn0TXKL6FGmQ
Lastly, @punk6529's legendary "How to Secure Your NFTs" thread is a must-read if you need to setup a hardware wallet.
twitter.com/punk6529/status/1461742366696652809?s=20&t=oJAYkQsse47GwgGKFbA-3A
p.s. you may also enjoy this thread which highlights the key insights from the @OthersideMeta Litepaper
twitter.com/liamherbst_/status/1548425185371402240?s=20&t=Tp1znTaCmO3D2CAkVuH06g