My wallet has been hacked and I just lost $3000 dollars!
This could have been my story if i didn't take precautions before crediting my wallet on the 17th of October.
I had just received some money in a new wallet I created a few days back and was about to split some of it into my main wallet which i normally use for most DeFI interactions. Never encountered an issue with it before.
I already copied the wallet address and was about to send money in it when i thought to cross-check the wallet's safety. I sent 2 USDC as test to make sure my wallet wasn't compromised and lo' and behold, it got debited instantly. I was shocked by how fast it happened and I started laughing.
Immediately, i dashed to https://t.co/7ClPaGQLmv to scan my wallet and found that the funds was sent into this wallet 0x586a5d4d659d870e392caba1fe88229c9a27d20e. I did not have the luxury of time to dig deep because of my busy schedule so i postponed my investigation until today when i found that the wallet address is owned by this X user @bithibachar1.
I paid attention and noticed the activity on the wallet looked very sketchy. It followed a pattern of quickly stacking up funds from different wallets and sending them out.
How my wallet phrase got leaked is still a mystery to me as I don't even know this X user. All i was happy about was that i didn't send a large sum into that wallet, else this story would have been different.
The attack felt bot-like, automated. And if it was, there's no amount of speed that could have saved me even if i tried to compete.
Lesson?
➡️Always send bits into your destionation wallets to confirm if its safe
➡️Keep your phrases offline
➡️Never connect your storage wallet to any website
➡️Always remember to disconnect your connected wallets and revoke access using https://t.co/ZJAuKlKaiM
Best advice: get a cold wallet (like @safepal) and keep your crypto off the internet.
Stay SAFU!
Forest Road Vault didn't start as a crypto idea looking for a use case.
It started in 2017, when Forest Road formed around speciality-finance lending, tax credits,
the kind of collateral traditional lenders either don't understand or move too slowly on.
By 2020, Forest Road had financed 120+ media and entertainment projects.
Around the same period, the firm's own SEC disclosures put revenue north of $100M.
Not projections. Filed numbers.
Today, Forest Road operates as an SEC-registered investment adviser with a FINRA/SIPC-registered broker-dealer affiliate, carrying $161M in regulatory AUM and roughly $183M in private-fund gross asset value.
The platform grew alongside the lending. TPC, a Forest Road-owned entertainment finance company, deploys roughly $100M annually across 1,500+ productions.
CenterNode, launched by Forest Road, announced $750M in initial commitments for renewable-energy investing.
ACF, the firm's majority-owned investment bank, has advised on 100+ transactions connecting capital with IP owners.
Forest Road Vault takes that same operating business, the same underwriting judgment, the same real collateral, and puts it on-chain.
Not a crypto-native team guessing at credit. An actual lender, doing what it's done since 2017, with the added discipline of a system where backing is checkable rather than claimed.
The chain is new. The credit isn't.
https://t.co/zWdQyZfibu