【NeoLine Talk】How to keep your assets when the loss of tokens occurs frequently

NeoLine
4 min readMay 6, 2020

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There is a plot in The Big Bang Theory: In 2010, Shelton first dug out Bitcoin and invited three other friends to play the mining game, but he was kicked out of the founding team. Time came in 2017, Bitcoin broke through $ 5,000. The trio found the mining computer of the year and planned how to spend the huge sum of money, but found that the folder was empty. It turned out that Shelton had stolen the computer to retaliate the trio, and downloaded the file to a USB flash disk. But in the past seven years, the USB flash disk has long disappeared.

The story comes from life. Although some drama elements are added to the plot of the TV series, the case of “Token lost” is common in real life.

In this article, let’s take a look at “the predecessors who have lost tokens”!

Count the cases of coin loss caused by personal reasons, learn from their experience, and never let “history” repeat.

Type 1: Private key on the “cloud”

A user has always remembered the promotion of not taking screenshots of the private key, and used another mobile phone to take the wallet private key and upload it to the cloud disk. This move gave criminals the opportunity to find his cloud disk password with the help of various third-party libraries, thus successfully obtaining his private key and stealing digital assets.

There is also a user who keeps his private key in the mailbox of a website, thinking it is foolproof. Unexpectedly, three years later, the website turned off the mailbox function, his mailbox could no longer be logged in, and the private key could not be found. He can only know that he has digital assets, but he cannot trade.

Therefore, you must pay attention to the choice of equipment when backing up the private key. It is best to copy it by hand, distinguish between upper and lower case, back up two copies, and save it in a safe place.

Type 2: Acquaintance crime

Once a user was backing up his wallet, a friend happened to be by his side, but he didn’t pay much attention. After that, the friend obtained his private key by some means and transferred the tokens. Fortunately, this friend was located through the investigation and the digital assets were restored.

Cases of acquaintance crimes have often heard in recent years, and some even stolen by their relatives. However, in the known case of recovering stolen assets, there is a high probability that stolen by acquaintances. Therefore, if your digital assets are stolen, you can give priority to the possibility of “acquaintance crime”. In addition, when backing up the private key, pay attention to whether the surrounding is safe, and ensure that there are no people and cameras around.

Type 3: Missing one letter makes it difficult to find assets

Let’s talk about the actual cases recently handled by NeoLine customer service. These dozens of users have encountered the same problem: the private key cannot be imported because it is not case sensitive.

Such cases often happen in life. When users first started copying, they were very confident in their writing and did not do a second check. Moreover, they were able to distinguish between upper and lower case at the beginning, and were successfully imported.

After one or two years, the user took out the copied private key and imported it, but failed. Only then did they realize that some letters were indeed doubtful. Common: K and V are not case sensitive; q and 9 are indistinguishable, and I and 1 are unclear.

If you encounter this type, users who understand the code can write a script and run thousands of combinations, and you can find it out.

However, some users found the private key and found out that they didn’t know when the writing fainted. This situation is too bad, the probability of finding out is almost zero.

Therefore, we emphasize that when copying the private key, you must be careful, pay attention to the order, the writing is clear, pay special attention to case-sensitivity, and copy the copy to a safe place. Don’t let carelessness ruin your digital assets.

Type 4: The person opposite is not the right person

I have seen such a case in a group chat. When a user was transferring funds, many people in the group were sending addresses, so he copied others’ addresses and transferred tokens. Fortunately, users in the group are familiar. After the negotiation, the currency was transferred back, which did not cause the “token loss” consequences.

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NeoLine
NeoLine

Written by NeoLine

NeoLine mobile is an easy-to-use mobile gateway to the Neo smart economy。

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