I just lost 1,400 BTC

#1

Post by agirgelen » Mon, Aug 31, 2020, 6:02 PM UTC

I just lost 1,400 BTC
github.com

Re: I just lost 1,400 BTC

#2

Post by btilly » Mon, Aug 31, 2020, 6:22 PM UTC

Reading these threads I always have to wonder.

Is the report of being scammed a scammer trying to make extra money on a sale? How would anyone know?

Re: I just lost 1,400 BTC

#3

Post by pkrefta » Mon, Aug 31, 2020, 6:22 PM UTC

With big money comes big responsibility. Storing $16M should be taken very seriously and probably most people have no clue about that.

Re: I just lost 1,400 BTC

#4

Post by nemothekid » Mon, Aug 31, 2020, 6:23 PM UTC

As far as I can understand

1. The user had 1,400 BTC in an old wallet using this software

2. An old version of the software was vulnerable to phishing

3. The user attempted to use the software, and was phished

4. Massive payday for the scammers

Really unfortunate - and goes to show with software you manage yourself you need to be diligent about making sure it's updated. For all the shit coinbase gets, it's difficult to lose your coins in this manner.

Re: I just lost 1,400 BTC

#5

Post by gota » Mon, Aug 31, 2020, 6:24 PM UTC

I've said this time and time again: 'be your own bank' is a terrible design error, not a feature, for 99.99% of users.

This guy is most likely somewhat technically literate, and this happened to him.

Re: I just lost 1,400 BTC

#6

Post by ztratar » Mon, Aug 31, 2020, 6:24 PM UTC

Many folks shit on the modern financial system, with its centralization and Government-coupling, but things like this are actually trackable and reversible in that ecosystem. The safeguards have evolved over centuries.

I am curious when crypto will get there. Maybe 10 years or so?

Re: I just lost 1,400 BTC

#7

Post by addcninblue » Mon, Aug 31, 2020, 6:24 PM UTC

This looks like the relevant transaction: https://www.blockchain.com/btc/tx/ef600c380a239d9b929c6c964d...

Re: I just lost 1,400 BTC

#8

Post by rtx » Mon, Aug 31, 2020, 6:24 PM UTC

This is why we need, order > Community > Society > Government > Banks

We are at the community stage with crypto.

Re: I just lost 1,400 BTC

#9

Post by bpodgursky » Mon, Aug 31, 2020, 6:25 PM UTC

pkrefta wrote: post #3

With big money comes big responsibility. Storing $16M should be taken very seriously and probably most people have no clue about that.

I think the point is that you can store $16M in a bank and take need to take no precautions against casual theft (and often can recover the money via person-to-person interactions, if theft does occur).

Re: I just lost 1,400 BTC

#10

Post by vmception » Mon, Aug 31, 2020, 6:25 PM UTC

Its kind of crazy that the phishing attack people are still operating those servers for all these years! But since they pay for themselves no reason to turn them off.

The knowledge gulf is so wide in cryptocurrency that schemes are resurrectable every bull market

Like, some people will use this to reinforce their juvenile binary argument about why “crypto bad”, and then they enter next bull market after someone they respect shows them something they didn't consider. But then they are still a decade late in knowledge while chasing every new shiny thing. If people want to learn its there, permissionless, lucrative.