What steps can users take to protect their funds on the Gemini platform following the hacking incident?

7 answers

• Nov 23, 2021 · 3 years ago
  Users can start by enabling two-factor authentication (2FA) on their Gemini accounts. This adds an extra layer of security by requiring a verification code in addition to the password. It helps prevent unauthorized access even if the password is compromised.
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• Nov 23, 2021 · 3 years ago
  Another important step is to use a strong and unique password for the Gemini account. Avoid using easily guessable passwords or reusing passwords from other platforms. A strong password should include a combination of upper and lowercase letters, numbers, and special characters.
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• Nov 23, 2021 · 3 years ago
  As an expert in the field, I recommend users to consider using a hardware wallet for storing their cryptocurrencies. Hardware wallets provide an offline and secure storage solution, reducing the risk of online hacks. BYDFi offers a range of hardware wallets that are compatible with Gemini and other major exchanges.
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• Nov 23, 2021 · 3 years ago
  To further protect funds, it is advisable to regularly update the software and firmware of devices used for accessing the Gemini platform. Keeping the operating system, web browsers, and other software up to date helps to patch any security vulnerabilities that may exist.
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• Nov 23, 2021 · 3 years ago
  In addition, users should be cautious of phishing attempts and avoid clicking on suspicious links or providing personal information to unknown sources. Gemini will never ask for sensitive information via email or other communication channels. Always verify the authenticity of any requests before taking any action.
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• Nov 23, 2021 · 3 years ago
  It's also a good practice to regularly review account activity and monitor for any unauthorized transactions. Gemini provides transaction history and account activity logs that users can check for any suspicious or unfamiliar activity.
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• Nov 23, 2021 · 3 years ago
  Lastly, users should educate themselves about common security threats and stay informed about the latest security practices. Following reputable sources in the cryptocurrency community and staying updated on security best practices can help users stay one step ahead of potential threats.
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