Many people believe that using a hardware wallet + VPN + multi-signature setup makes them foolproof, but there is a risk point that is often overlooked—real-world direct threats.
While phishing defenses are in place and private keys are well protected, what if someone is truly determined to make you hand over your assets? This is not alarmist. Data shows that starting from 2024, incidents involving home invasions and theft of crypto assets have increased by 30% worldwide, especially when you hold five-figure or more assets on-chain.
**What to do? Here’s an idea:**
**First tactic: Bait Wallet**
In extreme situations, "pretending to be poor" is smarter than "resisting physically." It’s recommended to create a new wallet containing 1,000 to 3,000 units of stablecoins or mainstream coins, but don’t make it look too empty. Buy some Meme coins casually, make a few small transactions, or even store some junk NFTs. This makes it look like a real person’s ordinary wallet, not a deliberately prepared bait. Conversely, a clean, empty wallet is more likely to arouse suspicion.
**Second tactic: Hidden Account Feature**
Most hardware wallets support an additional password to access a hidden account. Many people overlook this feature, but it can be lifesaving at critical moments. You can set up multiple access channels—appearing as one wallet on the surface, but with real assets stored in a hidden layer.
Security is not just a technical issue; sometimes it’s a matter of common sense.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
7 Likes
Reward
7
3
Repost
Share
Comment
0/400
fren.eth
· 4h ago
Damn, now even my home isn't safe anymore. Do I still need to set up bait wallets to prevent theft?
View OriginalReply0
TradingNightmare
· 4h ago
Damn, no one really pays attention to the real-world threats, everyone is just thinking about technical defense.
View OriginalReply0
SoliditySurvivor
· 4h ago
Now it's really about guarding against people, not bugs... The bait wallet trick is indeed ruthless; pretending to be poor has become a new survival strategy.
Many people believe that using a hardware wallet + VPN + multi-signature setup makes them foolproof, but there is a risk point that is often overlooked—real-world direct threats.
While phishing defenses are in place and private keys are well protected, what if someone is truly determined to make you hand over your assets? This is not alarmist. Data shows that starting from 2024, incidents involving home invasions and theft of crypto assets have increased by 30% worldwide, especially when you hold five-figure or more assets on-chain.
**What to do? Here’s an idea:**
**First tactic: Bait Wallet**
In extreme situations, "pretending to be poor" is smarter than "resisting physically." It’s recommended to create a new wallet containing 1,000 to 3,000 units of stablecoins or mainstream coins, but don’t make it look too empty. Buy some Meme coins casually, make a few small transactions, or even store some junk NFTs. This makes it look like a real person’s ordinary wallet, not a deliberately prepared bait. Conversely, a clean, empty wallet is more likely to arouse suspicion.
**Second tactic: Hidden Account Feature**
Most hardware wallets support an additional password to access a hidden account. Many people overlook this feature, but it can be lifesaving at critical moments. You can set up multiple access channels—appearing as one wallet on the surface, but with real assets stored in a hidden layer.
Security is not just a technical issue; sometimes it’s a matter of common sense.