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Exodus Bitcoin Wallet: $490K Swindle

Posted: Thu Feb 22, 2024 12:31 pm
by BologneChe

Re: Exodus Bitcoin Wallet: $490K Swindle

Posted: Thu Feb 22, 2024 9:02 pm
by williwaw

pretty strong case for trusting your app dev.

not knowing much about crypto, I have to ask. how does one normally recover their assets with the secret passphase without using an app?


Re: Exodus Bitcoin Wallet: $490K Swindle

Posted: Fri Feb 23, 2024 1:25 am
by Clarity
williwaw wrote: Thu Feb 22, 2024 9:02 pm

... how does one normally recover their assets with the secret passphase without using an app?

Exchanges

There are also bank machines in the world which are connected to exchanges. You use those (found in stores, etc) like you would any bank machine.

Moral to all stories, assuming no currency failures or exchange failures: "Dont lose your password(s) to your money".

This is posted assuming the question is about moving currency (money) in/out of one's account (aka 'wallet').


Re: Exodus Bitcoin Wallet: $490K Swindle

Posted: Fri Feb 23, 2024 2:41 am
by williwaw
Clarity wrote: Fri Feb 23, 2024 1:25 am

This is posted assuming the question is about moving currency (money) in/out of one's account (aka 'wallet').

the question, asked another way, is how does one interact with an exchenge without a wallet? In the article, it was mentioned the legitimate wallet app should not need your recovery passphrase, so in the event you needed to access your crypto with out a wallet, or recover your assets by using the passphrase, how do you interact with the exchange? thru their webapp? in person?
?