Lots of talk about this being setup and a way to get out of taxes (which are apparently due tomorrow in the US). Any chance this could be the case?
Aren't you taxed on money you lost?
Cryptocurrency YouTuber Ian Balina hacked out of $2M during a livestream
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Re: Cryptocurrency YouTuber Ian Balina hacked out of $2M during a livestream
#32At 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.
At the risk of sounding pedantic too, crypto is short for both cryptography and cryptocurrency. Knowing which one it refers to is inferred from context.
Re: Cryptocurrency YouTuber Ian Balina hacked out of $2M during a livestream
#33Re: Cryptocurrency YouTuber Ian Balina hacked out of $2M during a livestream
#34not to lack compassion, but lolol
Re: Cryptocurrency YouTuber Ian Balina hacked out of $2M during a livestream
#35Earlier quoted context omitted.
I used GnuPG, is that good enough (assuming a 16 char random password)?
If you have a lot of money in your cryptocurrency wallet you should at least consider using a hardware GnuPG "smartcard" like nitrokey or yubikey. This way even if they get your passphrase they still need access to your hardware token (and vice-versa). There are also hardware wallets specifically meant for cryptocurrencies which I suppose have the advantage of not requiring you to decrypt your wallet on your drive be…
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Re: Cryptocurrency YouTuber Ian Balina hacked out of $2M during a livestream
#36Earlier quoted context omitted.
Aren't you taxed on money you lost?
Nope. Offsetting losses is therefor a very commonly used loophole. Hence the speculation.
True. He'd just better be very careful to have an explanation when he starts cashing in the 'lost' funds... or titrate them very slowly into his lifestyle. Tax Evasion is often caught not only by transactions, but by inexplicably high lifestyle.
Re: Cryptocurrency YouTuber Ian Balina hacked out of $2M during a livestream
#37Earlier quoted context omitted.
I used GnuPG, is that good enough (assuming a 16 char random password)?
If you have a lot of money in your cryptocurrency wallet you should at least consider using a hardware GnuPG "smartcard" like nitrokey or yubikey. This way even if they get your passphrase they still need access to your hardware token (and vice-versa). There are also hardware wallets specifically meant for cryptocurrencies which I suppose have the advantage of not requiring you to decrypt your wallet on your drive be…
I'd embed them into QR codes, print them out on high quality acid-free paper and put them in a fire safe.
I don't trust anything electronic to store data in the long term, I do trust that a QR code will be readable in 50 years even if you have to decode it by hand (or at least write a program to do it) (in a temperature controlled safe with no UV I'd expect laser toner to last 50 years).
Other methods I can think of would be etching the QR code into a stable material (glass for example).
That said I stay miles away from cryptocurrencies, I find the technology interesting but the actual 'market' hilarious.
Re: Cryptocurrency YouTuber Ian Balina hacked out of $2M during a livestream
#38I 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.
after he sells, why does he care if he upsets his following?
Re: Cryptocurrency YouTuber Ian Balina hacked out of $2M during a livestream
#39At 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.
I'm fine with it being a shibboleth for people deeply embedded in the cryptocurrency world, whereas for people in the wider world of software engineering (and hopefully the world at large) we stick with the original meaning.
It's also worth saying the prefix doesn't really make sense. "crypto"-"graphy" means hidden writing. "crypto"-"currency" means hidden currency, and nothing about Bitcoin, Ethereum, etc. is hidden.
Re: Cryptocurrency YouTuber Ian Balina hacked out of $2M during a livestream
#40I 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.
While they do make you add a phone number to the account first when enabling 2FA you can remove it afterwards though (iirc) you have to remember to not just remove the number as an auth method but also remove it as a recovery method.
Failing to do so opens you up to getting your phone account transferred to a different phone/sim and using that to do the recovery process to gain access to the account.