What To Do If Your Crypto Wallet Is Hacked
Discovering your crypto wallet has been compromised can be stressful and confusing. Acting quickly and knowing what to do next can help limit the damage and protect any remaining funds.
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Crypto wallet hacks are sadly very present in the crypto world and they happen much faster than any of us would expect. Once you notice some transactions that are unfamiliar to you or perhaps some missing funds from your wallet, it is important to understand what has actually happened and how you should proceed next.
Understanding What Actually Happened
Non-custodial wallets are not “hacked” in the traditional sense. Wallet providers do not store any of your private keys, do not hold your funds, and basically they cannot access your wallet at all. As a result, there is nothing on their end that the attackers can break into.
In many common cases, scammers trick users into giving away access. This can occur through phishing sites, fake apps, malicious extensions on your browser, or by convincing someone to share their recovery phrase. In other cases, the recovery phrase was stored online, saved as a screenshot, or reused after being exposed in the past.
If you see transactions you do not recognize at all, it means that someone gained access to your private keys or recovery phrase. Blockchain transactions cannot be frozen, reversed, or refunded, so the focus now is on limiting further damage.
Secure Any Remaining Funds Immediately
Speed is paramount here in the case your money is still in that hacked wallet. You should basically move everything immediately and transfer the remaining funds on a new wallet. That device should be brand new, clean and trustworthy. Treat the old recovery phrase as permanently exposed as it can never be trusted again.
However, if the breach includes an exchange account, you need to do what everyone does in these types of situations. That will involve changing your password to a strong one, enabling two factor authentication and finally contacting customer support to lock your account.
Time is everything! Blockchain transactions cannot be reversed or refunded. Act immediately to prevent further losses.
Secure Your Devices and Accounts
If the wallet was compromised, it can mean that the attacker somehow got access through another device. In that case, you should scan your other devices for malware and update your operating systems as well as browsers. As mentioned before, email passwords and passwords that belong to other related accounts should be changed. It is also important to check for signs of SIM-swap attempts and secure mobile accounts where possible.
Document the Incident
Even though recovery is unlikely, it is still important to collect evidence. Transaction hashes, wallet addresses, timestamps, screenshots and any communication related to the incident should be saved. This information can help when reporting the theft or contacting exchanges.
- Transaction hashes and wallet addresses
- Timestamps of unauthorized transactions
- Screenshots of your wallet and transactions
- Any communication related to the incident
- Blockchain explorer links showing fund movement
Track the Movement of Funds
Blockchain transactions are public and traceable. Stolen funds can often be followed using blockchain explorers. If the funds are transferred to a known exchange, that exchange can be contacted with the transaction details so they can monitor or freeze the assets if possible.
Report the Incident
Reporting the incident to exchanges, local law enforcement and cybercrime units helps create an official record. While this does not guarantee recovery, it increases the chances of identifying patterns and preventing future scams.
Recovery Expectations
Once a recovery phrase or private key has been exposed, the wallet is no longer secure. In most cases, stolen crypto cannot be recovered. The goal of these steps is to stop further loss, document the incident and improve security going forward.
Strengthening Security Going Forward
Long-term crypto storage should be kept on hardware wallets, and recovery phrases should always remain offline. Strong passwords, authenticator apps and cautious browsing habits are essential. Most crypto theft happens through social engineering, which means awareness and good security practices are the best protection.
While losing crypto is incredibly frustrating, understanding how compromises happen and improving security can stop similar incidents in the future.
Disclaimer: This website is for informational purposes only and does not constitute legal advice. Winnings are not guaranteed. Gambling can be addictive. Only play where legal in your region and check your local laws. Please gamble responsibly. | 18+
Sources
- Binance. "Stay Safe: What to Do if Your Account Gets Compromised". Accessed on 11.02.2026. https://www.binance.com/en/blog/security/7592257838117542346.
- MetaMask. "What to do if you have a sweeper bot on your account". Accessed on 11.02.2026. https://support.metamask.io/stay-safe/protect-yourself/fighting-back-against-sweeper-bots.
