Before You Hit 'Submit,' This Company Has Already Logged Your Personal Data

THIS IS HOW PEOPLE COULD LOOSE THEIR PRIVATEKEYS TO ROGUE WALLET ON THE SAFE NETWORK IN THE FUTURE. IF THE CODE IS NOT OPENSOURCED, AUDITED AND YOU DON’T OWN THE APP, YOU’LL LOOSE ALL YOUR DATA (SAFECOINS).

On the SAFE Network you won’t even be able to follow your lost value. I’ve seen enough examples of attackers cloning an exact copy of myetherwallet.com (A famous Ethereum wallet) and using something like
myetherwallet.com.co (don’t go to this site) and managing to just steal people their coins. This is why I say that you should OWN the app, so you don’t have to keep going to some one else their site and hope that their website is still online or that it’s not an attackers site. 2FA will also become super important as we move forward.

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A bit alarmist, and the issue in the article is not the risk here, but the reality that we can’t trust any old application with valuable data and so need to be mindful of what we give each app permissible to do.

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