My crypto exchange just changed my wallet addresses.

[Fidelia]

I have just been informed by my crypto exchange that all my wallet addresses for the different tokens that I have has been changed. And that I should login to view my new wallet addresses for tokens.

Why did they have to change all the wallet addresses? Am I still safe?

 

[King Belieal]

I think the exchange just migrated to a new wallet infrastructure. With that, they need to change the addresses if all the registered users of the exchange. It is often with CEX.

 

[kerryjoy]

I think its just an update they must have done to their system

 

[Starmix]

That's good at least they informed you than having it lost forever. You follow their instructions to login to update your crypto account.

 

[Suba]

Unfortunately, you didn't mention where you got the information from, whether from email, Whatsapp or from their official site/apps, which I'm afraid you will get a phishing attack. Be careful of lots of scams.

 

[Starmix]

Unfortunately, you didn't mention where you got the information from, whether from email, Whatsapp or from their official site/apps, which I'm afraid you will get a phishing attack. Be careful of lots of scams.

That could be possible. She didn't mention where she got the info but it seemed from the site where she registered her crypto.

 

[Suba]

That could be possible. She didn't mention where she got the info but it seemed from the site where she registered her crypto.

I have joined many crypto exchange sites, but none of them provide address change information, what if we are transferring/depositing large amounts of crypto, of course it will be lost. As far as I know, the address cannot be changed by the exchange because the address is on the blockchain.

 

[Xtynehappy]

I think your balances are still intact. Maybe there was a technical hitch or something that made them to do that

 

[Suba]

Apart from not mentioning the source of the information received, the thread creator did not mention the name of the crypto exchange and did not respond to comments, so its veracity is doubtful. A change in address means the loss of the crypto balance located at that address.

 

[King Belieal]

I don't know how it works but I believe before a wallet address can be changed like that, it would be notified to all users to withdraw their crypto.

 

[Suba]

I don't know how it works but I believe before a wallet address can be changed like that, it would be notified to all users to withdraw their crypto.

I agree with you, if a crypto exchange is going to replace a wallet, either a cloud wallet or a hard wallet, it will certainly be announced first so that users don't lose their crypto. If we check the crypto address on the blockchain, there will be a balance and transaction history.

 

[Fidelia]

Apart from not mentioning the source of the information received, the thread creator did not mention the name of the crypto exchange and did not respond to comments, so its veracity is doubtful. A change in address means the loss of the crypto balance located at that address.

The name of the crypto wallet is called Breet. It is a local Nigerian crypto exchange. They sent the information through push notifications from their app.

 

[Starmix]

I have joined many crypto exchange sites, but none of them provide address change information, what if we are transferring/depositing large amounts of crypto, of course it will be lost. As far as I know, the address cannot be changed by the exchange because the address is on the blockchain.

That's crucial then. There's a possibility that it will happen. It's better not to entertain that info. It might be a trap.

 

[mrki444]

I am not sure anybody can change your wallet addresses. This is first time I hear for it. If they already sent you new address and say you should transfer ads there then it is very possible scam.

 

[neku]

Changing the wallet address is very inconvenient for the user, since they have to update their details. Can you share the name of the exchange which has changed addresses?

 

[SilverLance]

It's possible that your crypto exchange changed all the wallet addresses for security reasons. This could be a precautionary measure to protect your assets from threats or vulnerabilities.

 

[riberet19]

I'm guessing the exchange will have changed all of its addresses for security reasons, don't worry, just follow the exchange's guidelines.

 

[eLdavis]

The most important thing is that you till have all your wallets and you were informed. It's probably for security purposes or they simply had an update in their system.