2025-12-28 05:24:08

Recently, the security vulnerability exposed in the Trust Wallet browser extension has caused many people to reevaluate their asset protection methods. Although the official team responded quickly and fixed the issue in a timely manner, it highlights a deeper problem — are self-custody wallets really as safe as we think?

To be honest, relying solely on a single wallet or browser extension is far from enough. Behind every security incident, there are often dual vulnerabilities in user operation habits and technical defenses. For those who frequently trade, even a tiny security oversight can lead to heavy losses.

So what should you do specifically? In simple terms, layered defense. First, never keep large amounts of assets only in hot wallets; hardware wallets are designed for this purpose. Second, regularly check which smart contract permissions you have granted; many people forget after using DEX or lending protocols, which is essentially opening a backdoor for hackers. Third, develop the habit of updating software regularly; delaying updates does not make you safer—in fact, the longer you wait, the greater the risk.

Ultimately, self-custody means you control the private keys, which also means you bear all responsibilities. No one cares more about your asset security than you do, so instead of expecting a product to be 100% perfect, it’s better to take proactive measures and build protection in advance.

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HypotheticalLiquidator

· 6h ago

Another vulnerability, another lesson learned. Frankly, the real trigger for the chain of liquidations is the contract authorization; many people don't even remember what they approved. --- Hardware wallets are indeed standard, but the key is to develop the habit of regular audits; otherwise, no matter how secure the wallet is, it can't protect you from your own operational risks. --- Layered defense sounds simple, but its effectiveness depends on whether there is genuine risk control awareness. Most people can't even accurately calculate the liquidation price, let alone consider systemic hedging. --- Self-custody means taking all responsibility yourself; don't expect a project team to cover your losses. This incident actually exposes accounts that didn't implement proper risk control. --- Updating software really, the longer you delay, the more likely problems will occur. Just like borrowing rates keep climbing, eventually you need to deleverage. Delaying updates is playing with fire. --- It must be said that exposing such vulnerabilities can actually be a good thing, as it at least awakens some people still operating recklessly. But whether they wake up or not really depends on individual risk sensitivity.

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DeFiGrayling

· 6h ago

Something's happened again... To be honest, I no longer believe that wallets are 100% secure; you have to be careful yourself. The contract authorization part is really tricky. I know several friends who have been burned because of this. Hardware wallets are definitely necessary; hot wallets should only hold a small amount.

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StablecoinAnxiety

· 6h ago

Another hot wallet explosion, I told you so, hot wallets are just like a pressure cooker. Permission review really needs to be taken seriously. My friend directly forgot how many contracts he authorized, almost kicked out haha. Keep your keys safe yourself; no one cares more than you do. Regular updates are the enemy of procrastination. Hardware wallets should have been standard equipment long ago; don’t wait until something happens to regret it. Putting all your eggs in one basket, that’s really bold.

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Degen4Breakfast

· 6h ago

Another wallet vulnerability? Honestly, I stopped believing in these long ago. Diversifying risk is the real key. --- Hardware wallets are truly lifesavers. I’ve suffered from hot wallet issues before, now I keep them separate. --- I have a lot of say when it comes to contract authorization. Who knows how many junk projects I’ve authorized in my wallet. --- Every time I see security incidents, I feel that self-custody is too exhausting, but there’s no other way, so I just stay vigilant. --- Regular updates are a must. Many people have had their accounts wiped out just because they were too lazy to update. --- Honestly, it all comes down to yourself. Relying on project teams to be perfect? What are you thinking, haha. --- Layered defense sounds professional, but it’s really just about honestly storing your assets in a hardware wallet. It’s not that complicated. --- I skipped the pitfall of forgetting to delete authorizations once, but now I’ve developed the habit of checking regularly. --- Self-custody is like this: freedom and risk go hand in hand. There are no shortcuts. --- The worst are those who want both convenience and security at the same time—that’s simply impossible.

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not_your_keys

· 6h ago

It's the same old story, right? There's nothing wrong with saying that, but I still can't be bothered to check permissions haha. I'll wait until I suffer a loss. I agree with layered defense, but few people actually do it. Hardware wallets are idle, hot wallets are full of coins—that's my current situation. I do a good job of updating regularly; this is something I need to develop as a habit. Actually, the biggest fear isn't vulnerabilities, but accidentally transferring to the wrong address because of a shaky hand. In plain terms, you have to be attentive yourself; no one will worry about this for you. Most of my assets have already been moved to cold wallets, so this incident didn't really have much impact. That's the truth: self-custody = bearing all the consequences yourself. It's great when things go well, but it's a pit when they don't.

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ChainBrain

· 6h ago

Another security incident... To be honest, I’ve long lost trust in browser extensions. It’s safer to stick with hardware wallets. The authorization part is indeed tricky; many people forget after interacting with DEXs, as if it’s unlocked. The most important thing is to stay vigilant yourself—no one else will take responsibility for you.

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