Lost $20k on a trading bot yesterday. The wallet got compromised somehow. Just wanted to put this out there—please double-check your security settings, especially if you're running automated strategies. Use hardware wallets where possible, enable every layer of verification you can. It happens faster than you think.

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.
  • Reward
  • 5
  • Repost
  • Share
Comment
Add a comment
Add a comment
StablecoinArbitrageurvip
· 01-22 15:18
ngl, 20k is pocket change compared to the order book slippage i've calculated on most "automated" strategies. but yeah, the real issue here isn't the bot—it's the api key sitting in plaintext somewhere. did you ever run a proper risk audit on your wallet's correlation with your exchange deposits? classic case of ignoring basis point erosion until catastrophic failure hits.
Reply0
Frontrunnervip
· 01-20 03:50
Your reminder came just in time. I almost suffered a big loss because I was too lazy to deal with a hardware wallet.
View OriginalReply0
LonelyAnchormanvip
· 01-20 03:37
20k lost... This wave is a bit brutal, automated trading is really hard to defend against.
View OriginalReply0
RektButSmilingvip
· 01-20 03:23
Oh my, 20k just disappeared like that. Bots are definitely a double-edged sword.
View OriginalReply0
ForkItAllDayvip
· 01-20 03:22
20k gone, it's indeed outrageous. But this guy's warning is still worth listening to; automated trading bots are really prone to issues.
View OriginalReply0
  • Pin