Blank in Action (#3): Doxxed Wallets & Privacy

#3 — This is the third post in our “Blank in Action” series. In this series, we explore realistic and helpful ways to use Blank Wallet after the upcoming release.

In the first and second Blank in Action posts, we discussed transferring funds on blockchain and how this can be a major privacy concern. In a world of ever-increasing privacy infringements, it’s becoming more important to consider your online footprint, especially when dealing with sensitive material such as your personal finances. Protecting your identity online is one of the most crucial components of safeguarding your privacy. Having your personal information be made public online is known as being doxxed.

Blockchains are public ledgers designed to be transparent by nature. Maintaining your privacy quickly becomes a burden if your personal information is linked to your data on the blockchain. When your wallet address is doxxed, you face a multitude of problems that jeopardize your privacy on blockchain.

Being Doxxed: A Critical Concern

Being doxxed can be a critical concern for serious investors. Let’s use an example, Lucas. As a firm believer in cryptocurrency and its future, he’s deeply invested in several promising projects. He’s an active member of the communities connected to his investments, and spends a lot of time engaging with these communities. As a result of Lucas’ community involvement, someone was able to link his wallet address and personal identity.

Due to the public nature of blockchain, there are many ways to explain how this could have happened. Lucas could have had his wallet doxxed by revealing too much information about the cryptocurrency he holds on online platforms, or perhaps his wallet address was leaked by someone he trusted. Doxxing is a common occurrence within the cryptocurrency sphere and remains a major fear for many.

Once Lucas has his wallet address doxxed, he faces several privacy concerns that could have a real impact on him and his finances. Being doxxed puts Lucas’ investments in jeopardy, as opportunists could seek to profit from the trades he makes. On the blockchain, it’s a simple task for interested parties to view Lucas’ portfolio and the trades he has made.

After identifying Lucas as a major investor, bad actors could even set up front-running bots to target him and his trades. If Lucas’ wallet is public in the communities he’s involved in, prying eyes could make him feel like he isn’t free to make his own financial decisions. In smaller communities, larger holders can have a big influence, and Lucas might worry about taking profits on his investments if he could be targeted and demonized for it.

Reclaim Your Privacy, Go Blank

Whether you’re a major investor like Lucas or are just testing the waters with blockchain, reclaiming your privacy is fundamental. Regardless of the sums of money involved, the average person does not feel comfortable broadcasting their financial situation to the real world, and the same should apply to the world of cryptocurrency.

Blank Wallet allows users to reclaim their privacy after being doxxed. With Blank Wallet, Lucas could create a fresh wallet address that is not connected to his doxxed address in any way. The fresh address would start as a blank piece of paper, with no previous history. Funds deposited into the Blank smart contract go through a series of privacy pools that obscure their origins and render them untraceable.

Using Blank Wallet, Lucas could sever the trail of information stemming from his doxxed wallet address. With the peace of mind that his investments were no longer being targetted, he’d feel back in control of his finances and free to make beneficial decisions for himself. There are millions of people using blockchain that could benefit by reclaiming their privacy, and it starts by going Blank.

As both cryptocurrency and decentralized finance continue to flourish, it’s crucial to eliminate friction that prevents mass adoption and hinders users. Blank Wallet is leading the way by offering users privacy, without compromise.

About Blank Wallet

Blank is the most private, non-custodial Ethereum browser extension wallet.

Blank allows the user to easily interact with privacy smart contracts on Ethereum to hide the amounts and the origins of cryptocurrency held, in a decentralized, non-custodial, and frictionless manner.

Blank solves the problem of privacy in crypto transactions. Each time you want to make a withdrawal, Blank will create a new wallet address for you with the amount of crypto that you requested. This address originates from the smart contract where everyone’s funds are pooled. All of this is achieved using cryptographic proofs to ensure that the user cannot be linked with the original depositing address.

With crypto transactions increasing, on-chain transaction privacy is being highly discussed to keep you safe from exposing yourself. Blank has developed a system that adds the ultimate protective layer to your crypto transactions while facilitating every function that other wallets offer.

Anyone can easily install Blank and start reaping the privacy benefits in no time at all. Besides the smart contract functionality, Blank wallet offers a higher level of privacy due to Tor integration. Upcoming functionality includes DeFi web3 integrations as well as support for Metamask Snaps Plugins to allow for seamless connectivity and usage.

Reclaim privacy on your Ethereum transfers. Go Blank.

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The most private, non-custodial browser wallet. Reclaim control of your financial privacy. Get BlockWallet. https://blockwallet.io/