Exodus Bitcoin Wallet: $490k swindle

Post by ZaynBashar » Tue, Feb 27, 2024, 12:37 PM UTC

Post by ketrymercy » Tue, Feb 27, 2024, 8:30 PM UTC

stouset wrote: post #34

codetrotter wrote: post #9

This is scary and even a hardware wallet might not help. When I create a transaction with Electrum on my computer, I use a hardware wallet to sign the transaction. When I sign the transaction, the hardware wallet shows the amounts, and the output addresses. But if my copy of Electrum was backdoored and smart about what it did, it could use an output address for the remaining amount that went to another wallet. And si…

Reading this, it is bonkers to me that people think cryptocurrencies are ready or appropriate for mainstream use, either as a currency or as an investment. Line could go up, but if you aren’t extremely careful with processes that most people don’t and won’t comprehend—and don’t even realize are something you need to do—you can just straight up lose everything.

Post by Michaelhartnett » Thu, Feb 29, 2024, 7:59 AM UTC

Post by GeorgeCaldwell » Thu, Feb 29, 2024, 4:07 PM UTC

Post by Jeremyiv » Thu, Feb 29, 2024, 9:14 PM UTC