Bitcoin: $64m in cryptocurrency stolen in 'sophisticated' hack, exchange says
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Re: Bitcoin: $64m in cryptocurrency stolen in 'sophisticated' hack, exchange says
#2This person did AMA about Crypto! I think you should ask and refer it.
https://us.teamblind.com/article/i-manage-a-multi-million-cr...
Re: Bitcoin: $64m in cryptocurrency stolen in 'sophisticated' hack, exchange says
#3People need to stop with the 'sophisticated attack" shenanigans. No one is going to say 'un-sophisticated attack", when the reality of it is, it usually boils down to negligence. My bet is on an insider.
Interesting in this case is that the CTO / Co-Founder's son was previously arrested for creating the "Mariposa" bot net and money laundering.
https://krebsonsecurity.com/tag/matjaz-skorjanc/ http://www.bbc.com/news/technology-25506016
Re: Bitcoin: $64m in cryptocurrency stolen in 'sophisticated' hack, exchange says
#4"Sophisticated hack" in crypto translates roughly to "we decided our customers' money was better off in our bank accounts than theirs".
Re: Bitcoin: $64m in cryptocurrency stolen in 'sophisticated' hack, exchange says
#5"Sophisticated hack" in crypto translates roughly to "we decided our customers' money was better off in our bank accounts than theirs".
Exactly.. the "we had hot wallets for all our currency" excuse would have worked 6 years ago, not so much today.
Re: Bitcoin: $64m in cryptocurrency stolen in 'sophisticated' hack, exchange says
#6Yikes. This is the reason Im fearful of bitcoin.
Re: Bitcoin: $64m in cryptocurrency stolen in 'sophisticated' hack, exchange says
#7Yikes. This is the reason Im fearful of bitcoin.
Rackets like this happen all the time. What makes Bitcoin different is often a lack of recourse.