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Cryptocurrency YouTuber Ian Balina hacked out of $2M during a livestream

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21–30 of 43 posts

Re: Cryptocurrency YouTuber Ian Balina hacked out of $2M during a livestream

#21
post #17

At the risk of sounding pedantic, can we not use the term crypto for cryptocurrency or blockchain related stuff? Crypto already has a well defined meaning that is in common use, which is related to cryptography, not cryptocurrency. Edit: Post title was changed to use the full word "cryptocurrency", great :)

As much as I agree (and I upvoted you), I do think that ship has sailed.

Same as hacker has different meanings when used here on HN and on most news articles.

Re: Cryptocurrency YouTuber Ian Balina hacked out of $2M during a livestream

#22
post #17

At the risk of sounding pedantic, can we not use the term crypto for cryptocurrency or blockchain related stuff? Crypto already has a well defined meaning that is in common use, which is related to cryptography, not cryptocurrency. Edit: Post title was changed to use the full word "cryptocurrency", great :)

I’ll go one further and call the cryptocommodities.

Re: Cryptocurrency YouTuber Ian Balina hacked out of $2M during a livestream

#24

I think its an exit scam. He will not be able to sell coins without upsetting his following, because he sells and then announced it on his channels. This will be followed a major dump and his followers will lose significant value during this dump. Perfect cover up to liquidate his assets while covering his ass. No person seriously into crypto (especially with his amounts) does not keep it in a hardware wallet.

[deleted]

Re: Cryptocurrency YouTuber Ian Balina hacked out of $2M during a livestream

#25

I think its an exit scam. He will not be able to sell coins without upsetting his following, because he sells and then announced it on his channels. This will be followed a major dump and his followers will lose significant value during this dump. Perfect cover up to liquidate his assets while covering his ass. No person seriously into crypto (especially with his amounts) does not keep it in a hardware wallet.

Back in my day when we made wallets on air-blocked computers, that had the single purpose of just generating wallets. Not sure if I would trust hardware wallets//online wallets in the same way. The other benefit to this is if you misplace a wallet, and find it years later it’s like finding cash in your dress pants you don’t really wear all the time.

> The other benefit to this is if you misplace a wallet, and find it years later it’s like finding cash in your dress pants you don’t really wear all the time.

There were also some who accidentally threw their old computers / hard drives away.

https://www.independent.co.uk/life-style/gadgets-and-tech/ne...

Re: Cryptocurrency YouTuber Ian Balina hacked out of $2M during a livestream

#26
I thought Gmail required a phone number as well when 2FA is configured and someone is trying to recover their account. Otherwise it would be to easy to bypass. But maybe the dude just likes to live dangerous by keeping his millions in a cleartext evernote file.

Re: Cryptocurrency YouTuber Ian Balina hacked out of $2M during a livestream

#27
post #5

Earlier quoted context omitted.

The time stamps of the purported transfer took place during his livestream so the headline ("during a livestream") is correct

Yes, understood, but it seemed to me like an irrelevant and misleading detail, as if he accidentally revealed his passwords or some other security detail on camera.

It seems like a very interesting detail considering that we don't know how it was done.

Maybe the last (seemingly innocent) clue (or just confidence of previous clues) the hacker needed was present. Or maybe it was just the hacker wanting a distraction (though I could think of better ones...) or doing it for fun.

Re: Cryptocurrency YouTuber Ian Balina hacked out of $2M during a livestream

#28

I think its an exit scam. He will not be able to sell coins without upsetting his following, because he sells and then announced it on his channels. This will be followed a major dump and his followers will lose significant value during this dump. Perfect cover up to liquidate his assets while covering his ass. No person seriously into crypto (especially with his amounts) does not keep it in a hardware wallet.

Interesting theory. One point towards another bad behaviour that incentivized crypto-assets can lead to..

Re: Cryptocurrency YouTuber Ian Balina hacked out of $2M during a livestream

#29

Sounds like a great marketing hack / donation scam quite honestly.

A comment on the article also raises a valid point: > Could it be that he made it up to avoid taxes? Perhaps we'll never know

Yea I ignored that one thinking the IRS would just laugh but I suppose a naive crypto youtuber might try such a thing.

Re: Cryptocurrency YouTuber Ian Balina hacked out of $2M during a livestream

#30
post #17

At the risk of sounding pedantic, can we not use the term crypto for cryptocurrency or blockchain related stuff? Crypto already has a well defined meaning that is in common use, which is related to cryptography, not cryptocurrency. Edit: Post title was changed to use the full word "cryptocurrency", great :)

I don't think it is going to work. Maybe in HN but as some other commenter said the ship has sailed. Most people don't know crypto and know cryptocurrencies. They associated them with that word.
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