How to prevent NFT theft? NFT thieves can rob millions or even billions of dollars without being found. Since encrypted transactions are recorded in the public ledger, it should be easy to find out who did it. But this is very complicated. Understanding the whole picture of things can help us better resist future attacks. However, hackers who steal NFT are very difficult to arrest. So, how to prevent this from happening? First, let's understand how this behavior affects Wbe3.

1、 How NFT theft destroys the core principles of Web3

So far, the motto of Web3 is "code is the law". The transaction becomes a fact once it is verified on the blockchain. This is the basis of point-to-point transactions in Bitcoin. It is this strategy that makes Web3 develop without the help of regulators or centralization. However, if people using Wbe3 do not know this technology well, it may cause unnecessary trouble. For example, when NFT theft and "unexpected discounts" occur, people with NFT are often easy targets.

This may be a dangerous sign that the belief in self detention and accountability will not drive those who own NFT and read code as part of their research. If the NFT community is inflexible, regulators and the market dedicated to preventing NFT theft may have to change the core of Web3. In the face of this situation, there are warning signs:

1. Victims of celebrity NFT theft request assistance.

2. The authorities closed the website and detained open source developers.

3. Markets such as OpenSea's stolen goods policy suggest that victims notify the police while freezing accounts and NFT

4. The popular cryptocurrency wallet MetaMask now explicitly suggests users to read the attached rules.

Perhaps there will be more user friendly and regulated measures to serve customers who do not know much about technology. This may mark the beginning of the bifurcation of what is known as Web3.

2、 How to prevent NFT theft

Nikolaj Sonne, a Danish IT journalist, emptied his Bitcoin wallet after his cloud album was leaked. Most of the time, certain behaviors of NFT holders may make them more likely to be stolen. One way to avoid theft is to write down your mnemonics. However, you need to create a simulated offline backup of the backup recovery phrase. In addition, never record the mnemonics (recovery phrases) of your encrypted wallet on the Internet; Not even a backup photo. In addition, there are the following methods:

Make Two Factor Authentication Available (2FA)

Password theft is one thing. However, protecting access to devices used in the second authentication phase is a different type of theft. Therefore, use hardware 2FA keys (such as Google's Titan security key) or 2FA programs (such as Google Authenticator) to protect your NFTs.

Put NFT in the cold wallet separately

"Hot wallet" is an online wallet of digital currency. Because they are online, silver clusters are likely to be attacked by hackers or disappear with the company that created them. Moving your NFT and cryptocurrency to an offline hardware wallet means they will no longer be stolen. Trezor, Ledger, and Ellipal are three well-known cold wallets.

Protect your community with Web3 authentication

With the development of NFT community, the importance of content control is increasing. Only allowed people can see your NFT related information. This can only be achieved through secure multi-layer access. We can easily protect this part of NFT ownership from potential criminals.

summary

The above is about how NFT theft destroys the core principles of Wbe3? And how to prevent such behavior? The answer to these two questions. There may be more rules and regulations in the future, but it is expected that this will damage privacy. For many, it may not be worth it. Asset protection ultimately depends on individuals. We all need to do our best to protect our property, and the whole Web3 agrees with this view. You can try your best to stay alert and keep abreast of the latest Web3 security programs.