If you visited the CryptoCurrency sub while on PC, you may have noticed that there is now a QR code at the top from Elite DarkWeb Hacker Group “1inch”. Immediately after hacking our sub, 1inch used their Twitter account to announce the hack to their more than 1.3 million followers and announced their next target, our precious moon.
Crypto Twitter was clearly excited about the new existential threat facing the moon, but Redditors were on their game and responded quickly, so their moons weren’t stolen.
…unfortunately… they made a big mistake.
Don’t be like Maxx3141, Odlavso or DeathbyFish13 and burn your moon by losing access to your Reddit vault and not backing it up.
Your Reddit Vault is just an Ethereum hot wallet on Reddit with limited functionality. The best thing to do is have a physical backup of your recovery phrase (seed) – so if you lose your primary device, you can import that wallet to any other device in the world. Additionally, you can back up your wallet to Defi non-custodial hot wallets such as Metamask, Exodus and 1 Inch.
1 inch provides support for Arbitrum, but no Provide support for Arbitrum Nova, meaning you Can’t access your moon from their platform. However you can use 1 inch as a backup to store/find your recovery phrase on a secondary device. That way if you lose access to your Reddit vault on your primary device, you won’t lose access to your moons.
Special thanks to 1inch from the cryptocurrency community for making it happen The first institution Using the CryptoCurrency banner and advertising in the process 27,000 burning moons (current price around $3,350).