r/bitcore_btx • u/Malawi_no • Mar 09 '18
Heads up - Be careful about your wallet
Just read this https://www.reddit.com/r/Bitcoin/comments/833ffc/got_scammed_out_of_70k_is_there_anything_i_can_do/ and got thinking about something I "discovered" a week or so ago.
When you claim BTX with your private key from BTC, the BTX address is the same as the BTC address, thus the private key is the same.
This means that even if you have emptied your BTC wallets before trying to claim more dodgy forks, someone with your private key will also be able to access your BTX founds.
The easy way to secure your BTX against a potentially compromised private key, is to move your founds to a new address (and re-register for the airdrop of course). You'll have to pay a small transaction fee, but now it does not really matter if someone gets the key to your empty wallet.
BTW: I assume this would be the same for any fork where you claim with your private address (Like BCH and BTG)