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What are some strategies for protecting FTX wallets from mysterious latenight outflows?

avatarLund VintherDec 25, 2021 · 3 years ago1 answers

What are some effective strategies that can be implemented to safeguard FTX wallets from unexplained outflows that occur during late-night hours?

What are some strategies for protecting FTX wallets from mysterious latenight outflows?
FTX
Wallet Security
Cryptocurrency

1 answers

  • avatarDec 25, 2021 · 3 years ago
    At BYDFi, we recommend using hardware wallets for enhanced wallet security. Hardware wallets are physical devices that store private keys offline, providing an extra layer of protection against online threats. These wallets often require manual confirmation of transactions, reducing the risk of unauthorized outflows during latenight hours. Additionally, implementing strict access controls and regularly reviewing wallet permissions can help prevent unauthorized access to FTX wallets. It is also important to stay informed about the latest security practices and updates from FTX to ensure the highest level of wallet security.

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