Many people believe that cold wallets and hardware isolation can keep them safe, but there is a harsh reality that must be acknowledged — even if you spend millions on top-tier security equipment, facing real threats can cause human fear to instantly break down all defenses. There's a saying in the security community: "A five-dollar wrench is enough to crack any encryption scheme," which sounds exaggerated but reflects a cold fact.
This issue once seemed distant from ordinary people. The situation in 2025 has completely changed. On-chain data is traceable, social media showcases everything, and middle-class investors, content creators, and even regular traders can become targets. A recent incident where a co-founder of Ledger was kidnapped in France serves as a direct warning — no one can guarantee their privacy is secure in the internet age.
So how should one defend? Traditional approaches are outdated. Security experts point out that true defenses must extend from the screen into the real world. Using multi-signature locks for large funds in different locations, setting up coercion-resistant PIN codes as backups, and maintaining an extremely low-profile lifestyle daily — these are the core principles. Someone proposed a practical plan called "Two-Step Exit": only keep daily spending limits in your everyday wallet, freeze major funds with multi-party signatures, and physically disperse private keys across different cities. It sounds complicated, but this complexity itself is the best protection.
The widespread adoption of KYC has become a double-edged sword. On one hand, compliance is clearer; on the other hand, your asset size and personal information are more easily linked precisely. Therefore, regardless of your asset scale, the habit you should develop now is: never show off your gains publicly, and never let strangers know your holdings' depth. The premise of security is always to make it impossible for others to see how much you have.
View Original
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.
17 Likes
Reward
17
4
Repost
Share
Comment
0/400
DataBartender
· 16h ago
Five-dollar wrench really hit the point, hardware wallets are just an illusion
ngl I really don’t dare to casually post wallet screenshots now, feels like all platforms are selling your information
Living low-key is definitely something to learn, do we really have to wait until something happens to regret it
Multi-signature is a good idea, but you need to find reliable people, which in itself becomes a risk
Seeing that guy from Ledger being kidnapped really chilled me, it shows that our circle has truly changed
Speaking of which, most people are still showing off their gains, completely unaware of what real threats are
I need to study the PIN coercion method carefully, it feels safer than anything else
On-chain data is traceable, that’s true, but can anyone really achieve complete anonymity?
So the real flex should be living low-profile, right? Making everyone think you don’t have many coins
KYC is really disgusting, demanding your real name while leaking your info like a sieve
View OriginalReply0
MetadataExplorer
· 16h ago
The five-dollar wrench sounds hardcore, but it's actually a reminder for us not to get blinded by technology. Staying low-key is the way to go.
---
The thing with Ledger's founder really shocked me. It feels like nothing is absolutely safe.
---
So, true security isn't in hardware; it's in making others not even realize you have money.
---
Two-step exit sounds complicated, but in reality, it's just putting all eggs in different baskets. The logic makes sense.
---
KYC is indeed a double-edged sword. Compliance is good, but privacy is lost. It's a bit fragmented.
---
Watching people show off their gains on the chain every day, we should do the opposite—that is, stay low-profile for more security.
---
The idea of being coerced into PIN codes is interesting. Finally, someone thought about the human aspect.
---
Distributing private keys across different cities really boosts defense levels, but it does come with more trouble.
---
Don't show off, don't reveal. Basically, this rule is just about pretending to be poor, but it's necessary now.
---
Cold wallets alone are not enough; defense needs to extend from the virtual world to the real world.
View OriginalReply0
MEVSupportGroup
· 16h ago
Five-dollar wrench haha, honestly, in the face of physical threats, all encryption is just a decoration. The fact that Ledger's founder was kidnapped is no joke.
Staying low-key is the real way to succeed. Those who constantly show off their trades on Twitter should reflect on themselves.
Multi-signature decentralization is indeed necessary, but most people are still just using single wallets to lie flat...
What this is really about is two words—concealment, no other tricks.
View OriginalReply0
FOMOSapien
· 16h ago
Five-dollar wrench jokes are hilarious, acting like technology can block everything. Ultimately, it's still about defending against people.
Being low-key is the way to go. I really don't understand those who show off their earnings every day. These days, just to survive, you have to be like an invisible person.
That guy from Ledger really had a scary incident. Multi-signature and decentralization are not overkill defenses; they are necessary.
KYC is basically putting your information into the enemy’s database. Just thinking about it makes me uncomfortable.
Stop showing off, everyone. The first rule of safety is to make yourself unreadable.
Two-step exit sounds complicated but is quite clever. Diversifying risk is worth pondering.
Honestly, it all boils down to two words: just survive. Survive, and you win.
Cold wallets can't save someone who gets caught; that's a real issue we can't ignore.
Splitting private keys across cities sounds a bit exaggerated, but given the current environment, it might not be excessive.
No matter how much money you have, staying low-profile is definitely the right choice. It’s the cheapest insurance.
Many people believe that cold wallets and hardware isolation can keep them safe, but there is a harsh reality that must be acknowledged — even if you spend millions on top-tier security equipment, facing real threats can cause human fear to instantly break down all defenses. There's a saying in the security community: "A five-dollar wrench is enough to crack any encryption scheme," which sounds exaggerated but reflects a cold fact.
This issue once seemed distant from ordinary people. The situation in 2025 has completely changed. On-chain data is traceable, social media showcases everything, and middle-class investors, content creators, and even regular traders can become targets. A recent incident where a co-founder of Ledger was kidnapped in France serves as a direct warning — no one can guarantee their privacy is secure in the internet age.
So how should one defend? Traditional approaches are outdated. Security experts point out that true defenses must extend from the screen into the real world. Using multi-signature locks for large funds in different locations, setting up coercion-resistant PIN codes as backups, and maintaining an extremely low-profile lifestyle daily — these are the core principles. Someone proposed a practical plan called "Two-Step Exit": only keep daily spending limits in your everyday wallet, freeze major funds with multi-party signatures, and physically disperse private keys across different cities. It sounds complicated, but this complexity itself is the best protection.
The widespread adoption of KYC has become a double-edged sword. On one hand, compliance is clearer; on the other hand, your asset size and personal information are more easily linked precisely. Therefore, regardless of your asset scale, the habit you should develop now is: never show off your gains publicly, and never let strangers know your holdings' depth. The premise of security is always to make it impossible for others to see how much you have.