Sentences with phrase «key of the hot wallet»
The company explained that hackers were able to steal the private key of the hot wallet where the NEM coins were stored.
https://www.coinstaker.com/ Not exact matches
Basically, through using either GreenAddress or a hardware wallet (Trezor, for example), you can overcome pretty much every issue outlined above, with the choice of these two options rooted in whether the transaction is urgent, whether you and the person you are sending to are using Coinbase, and whether your keys are in hot or cold storage.
Sensitive user information and private keys to hot wallets are some of the most exposed data.
What is the point of choosing a cold wallet if you have to import your private keys into a hot wallet anyway?
According to Coincheck representatives, hackers were able to steal the private key for the exchanges NEM wallet, which was stored in a hot wallet instead of a more secure multi-signature wallet.
When you wish to spend these bitcoins, you can import your private key to a hot wallet of your choice.