French police free kidnapped Ledger executive
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French police free kidnapped Ledger executive
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Re: French police free kidnapped Ledger executive
#2Crypto will not be ready for mainstream until effective game-theoretic countermeasures for this kind of thing are built into the protocols.
Re: French police free kidnapped Ledger executive
#3> Under his leadership, the company has sold more than seven million hardware wallets worldwide, maintaining a perfect security record with no successful breaches of their devices.
yeah uhhhhhh, what about all of their newsletter subs and device sales shipping data though?
I wonder if he got one of the threatening ransom letters in the mail and didn't pay because they said it was a scam?
https://www.bitdefender.com/en-au/blog/hotforsecurity/hacker...
Re: French police free kidnapped Ledger executive
#4> Under his leadership, the company has sold more than seven million hardware wallets worldwide, maintaining a perfect security record with no successful breaches of their devices. yeah uhhhhhh, what about all of their newsletter subs and device sales shipping data though? I wonder if he got one of the threatening ransom letters in the mail and didn't pay because they said it was a scam? https://www.bitdefender.com/e…
Re: French police free kidnapped Ledger executive
#5Crypto will not be ready for mainstream until effective game-theoretic countermeasures for this kind of thing are built into the protocols.
Only newer currencies you could lock your money into a smart contract, or just stake it, such that you literally could not transfer your money for a year (or more). Lower liquidity but would de-fang ransom like this.
Alternatively, a smart contract could require large transfers to escrow for X months, and could have a secret poison pill such that it would abort after 30 days if you used a trap password.
Edit: Given the downvotes I guess people just wanted to snark? I interpreted this as a technical question but maybe I misread.
Re: French police free kidnapped Ledger executive
#6Crypto will not be ready for mainstream until effective game-theoretic countermeasures for this kind of thing are built into the protocols.
This shows another of the many ways in which a having a trusted third party involved in your finances is actually a good thing.
Re: French police free kidnapped Ledger executive
#7[flagged]
Re: French police free kidnapped Ledger executive
#8I have a significant amount of crypto and use a ledger wallet. Recently I noticed that the ledger app on my phone requires precise location access to function. It just hit me that ledger has precise locations and wallet balances of all its customers.
It's just a matter of time when this information falls in the hands of organized crime. I have since then moved to another wallet and am thinking of selling my house and moving. I have taken steps to ensure that none of the apps that have my crypto balance do not access my location (graphene os with location disabled and always on VPN etc.)
This news bothers me. Maybe the criminals asked for data access as well?
Re: French police free kidnapped Ledger executive
#9Crypto will not be ready for mainstream until effective game-theoretic countermeasures for this kind of thing are built into the protocols.
Only newer currencies you could lock your money into a smart contract, or just stake it, such that you literally could not transfer your money for a year (or more). Lower liquidity but would de-fang ransom like this. Alternatively, a smart contract could require large transfers to escrow for X months, and could have a secret poison pill such that it would abort after 30 days if you used a trap password. Edit: Given t…
> Only newer currencies you could lock your money into a smart contract,
Bitcoin literally has timelockS (multiple kinds) built-in in its scripting since its first release...
Re: French police free kidnapped Ledger executive
#10So the article says, “[authorities] have also not confirmed whether any payment was made” and also says they’re looking for the kidnappers.
I’m gonna go out on a limb and say that ransom was paid and that’s how they were able to locate the Ballands.