recovery
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Move Assets Between Wallets
I recently purchased an entire Wallet with crypto in it. As the wallet previously belonged to another trader, I was not happy knowing that the wallet was not secure because the previous owner could still have the recovery phrase etc. I was also not fond of the wallet provider being used. I decided to move all the Assets to a brand new wallet, where I was in control of the Assets.
I wanted a new wallet address and mnemonic phrase and having the functionality that I am comfortable with. I also wanted to keep all the assets separate for a period so I could monitor the performance of my seperately.
To do this, I needed my iOS or Android device,
Access to the Old Wallet (OW) & app, the blank New Wallet (NW) & app.
I collected the details of all the Networks and Tokens from OW. Also from one of the stats apps ran a report of all the assets and balances from OW. To make the transfer smoother, I converted all the small balance assets to a single Asset (I converted all to USDT but its up to you)
-Download, install & set up the latest version of both apps on your device
-Open the NW app, select Create a new wallet Accept terms & backup the secret phrase (depending on the wallet)
-Add or enable the necessary Networks and Tokens in NW (Backup both wallets)
-In the NW app scroll/search for the asset & select Receive or Deposit
-Use Copy or Share option to Email yourself the address (I added the addresses as contacts in OW to avoid sending each address via email) I prepared a spreadsheet with Addresses & amounts (for reconciliation)
-Open OW & select Send from the menu, search/select the asset to be sent
-From OW paste/select the address for NW in the Recipient address
-Review the details & Confirm
Complete! Your assets are now in your NW. Depending on the asset, transfer times are from a few minutes to much longer. Repeat for each Asset
From NW run reports & match to the OW report. Some assets lost due to fees and slippage, but my crypto is secure in my new wallet
#recovery #AssetProtection #wallet-to-wallet #TokenTransfers #networks
I recently purchased an entire Wallet with crypto in it. As the wallet previously belonged to another trader, I was not happy knowing that the wallet was not secure because the previous owner could still have the recovery phrase etc. I was also not fond of the wallet provider being used. I decided to move all the Assets to a brand new wallet, where I was in control of the Assets.
I wanted a new wallet address and mnemonic phrase and having the functionality that I am comfortable with. I also wanted to keep all the assets separate for a period so I could monitor the performance of my seperately.
To do this, I needed my iOS or Android device,
Access to the Old Wallet (OW) & app, the blank New Wallet (NW) & app.
I collected the details of all the Networks and Tokens from OW. Also from one of the stats apps ran a report of all the assets and balances from OW. To make the transfer smoother, I converted all the small balance assets to a single Asset (I converted all to USDT but its up to you)
-Download, install & set up the latest version of both apps on your device
-Open the NW app, select Create a new wallet Accept terms & backup the secret phrase (depending on the wallet)
-Add or enable the necessary Networks and Tokens in NW (Backup both wallets)
-In the NW app scroll/search for the asset & select Receive or Deposit
-Use Copy or Share option to Email yourself the address (I added the addresses as contacts in OW to avoid sending each address via email) I prepared a spreadsheet with Addresses & amounts (for reconciliation)
-Open OW & select Send from the menu, search/select the asset to be sent
-From OW paste/select the address for NW in the Recipient address
-Review the details & Confirm
Complete! Your assets are now in your NW. Depending on the asset, transfer times are from a few minutes to much longer. Repeat for each Asset
From NW run reports & match to the OW report. Some assets lost due to fees and slippage, but my crypto is secure in my new wallet
#recovery #AssetProtection #wallet-to-wallet #TokenTransfers #networks
Ether Rebounds After Big Drop Despite Economic Uncertainty 📈
Ether (#ETH ) dropped 33.9% to $2,188 between August 2 and August 5 due to a market correction from the Bank of Japan’s rate hike and Japanese stock losses.
It then #rebounded 23.7% in 36 hours. Market sentiment is mixed, with futures and options showing balanced views and onchain metrics indicating resilience.
ETH’s #recovery potential depends on broader market trends and economic conditions.
#Binance
#crypto2024
Ether (#ETH ) dropped 33.9% to $2,188 between August 2 and August 5 due to a market correction from the Bank of Japan’s rate hike and Japanese stock losses.
It then #rebounded 23.7% in 36 hours. Market sentiment is mixed, with futures and options showing balanced views and onchain metrics indicating resilience.
ETH’s #recovery potential depends on broader market trends and economic conditions.
#Binance
#crypto2024
_Tether Recovers $108.8M in USDT Linked to Illicit Activity_
In a significant achievement, Tether, the leading stablecoin issuer, has successfully recovered $108.8 million in USDT tied to illicit activities since 2014. This remarkable effort demonstrates Tether's unwavering commitment to upholding security, integrity, and trust within the cryptocurrency ecosystem.
Proactive Measures
Tether's dedicated team has been diligently monitoring and tracking suspicious transactions, collaborating with law enforcement agencies, and implementing robust measures to prevent and detect illicit activities.
Key Highlights:
- $108.8 million in USDT recovered since 2014
- Illicit activities identified and addressed
- Collaboration with law enforcement agencies
- Enhanced security measures implemented
Reinforcing Trust and Safety
Tether's proactive approach and swift action underscore its dedication to maintaining the highest standards of security and integrity. By recovering funds linked to illicit activities, Tether:
- Protects users and the broader crypto community
- Deters potential criminal activity
- Strengthens trust and confidence in USDT
Commitment to Excellence
Tether's efforts demonstrate its unwavering commitment to:
- Security
- Transparency
- Compliance
- Collaboration
Conclusion:
Tether's recovery of $108.8 million in USDT linked to illicit activities is a testament to its leadership in maintaining a secure and trustworthy stablecoin ecosystem. As the crypto landscape continues to evolve, Tether's proactive measures ensure the integrity and safety of users' assets.
#tetherUsdt #illicitactivity #recovery #stablecoin #collaboration
Proactive Measures
Tether's dedicated team has been diligently monitoring and tracking suspicious transactions, collaborating with law enforcement agencies, and implementing robust measures to prevent and detect illicit activities.
Key Highlights:
- $108.8 million in USDT recovered since 2014
- Illicit activities identified and addressed
- Collaboration with law enforcement agencies
- Enhanced security measures implemented
Reinforcing Trust and Safety
Tether's proactive approach and swift action underscore its dedication to maintaining the highest standards of security and integrity. By recovering funds linked to illicit activities, Tether:
- Protects users and the broader crypto community
- Deters potential criminal activity
- Strengthens trust and confidence in USDT
Commitment to Excellence
Tether's efforts demonstrate its unwavering commitment to:
- Security
- Transparency
- Compliance
- Collaboration
Conclusion:
Tether's recovery of $108.8 million in USDT linked to illicit activities is a testament to its leadership in maintaining a secure and trustworthy stablecoin ecosystem. As the crypto landscape continues to evolve, Tether's proactive measures ensure the integrity and safety of users' assets.
#tetherUsdt #illicitactivity #recovery #stablecoin #collaboration
Bitcoin Bounces Back to $62,000 After Recent Drop 🚀
Bitcoin recently bounced back above $62,000 after dropping below $50,000 on August 5, a day known as "Crypto Black Monday." The quick #recovery has led some traders to believe the dip was a "bear trap" meant to deceive short-sellers.
Market sentiment has shifted, with more traders now betting on further price increases. This positive outlook coincides with Morgan Stanley starting to recommend Bitcoin exchange-traded funds (#ETFs ) to its clients.
However, some analysts remain cautious, suggesting that Bitcoin might still experience further #declines before reaching new highs.
#Binance
#crypto2024
Bitcoin recently bounced back above $62,000 after dropping below $50,000 on August 5, a day known as "Crypto Black Monday." The quick #recovery has led some traders to believe the dip was a "bear trap" meant to deceive short-sellers.
Market sentiment has shifted, with more traders now betting on further price increases. This positive outlook coincides with Morgan Stanley starting to recommend Bitcoin exchange-traded funds (#ETFs ) to its clients.
However, some analysts remain cautious, suggesting that Bitcoin might still experience further #declines before reaching new highs.
#Binance
#crypto2024
