Topic: Crypto whales hacked, lost $15M BTC and $30M BCH - page 3. (Read 680 times)
Bitcoin dropped more than 6%, I wonder whether the main reason is this new hack (or information suggesting that it occurred). To be honest, I don't usually trust some Twitter accounts claiming that something happened, even if the accounts are not unpopular. I can see the webpage with transaction IDs, sure, but it does not itself mean that the money was stolen. It could be transferred for various reasons. Moreover, I noticed that reputable media wrote 'allegedly hacked' in their coverage of this story. So perhaps it did not even happen... Yet the FUD, in any case, was probably enough to cause a price drop. This SIM swapping stuff is very frightening, though, even if this particular case is not related to it.
I don't know this story how much true or false. A crypto whale is so weak with the security of his own assets! I Can't Imagine this. If I had this amount of assets, then of course I would have spent good amount in order to increase security to protect my assets from bad boys. When you have million dollars worth of assets you certainly cannot protect these assets with a sim, this is very risky. He learned a very expensive lesson!
Claims of being hacked and having lost Btc are just too easy to make. If the story was an attempt to manipulate prices, then this would also explain facepalm worthy press coverage like Cointelegraph's "Bitcoin Cash faces slow death after 30m hack".
He claim to be a security expert 
.
.He's not expert, since it's not first time according to https://steemit.com/bitcoin/@hacker0/how-i-hacked-hundreds-of-bitcoins-ama
Obviously not, and what has this to do with Bitcoin? Its clearly not Bitcoin's fault someone couldn't have the discipline of handling his/her own money correctly.
Time and time again we warn people to be serious handling those wallets, and moving to cold wallets important sums, and yet this keeps occurring. Its the human error, Bitcoin is not at fault, Bitcoin was NOT "hacked", some guy SIM was, and this is as silly as it can get (large sums depending on a mobile, really?)
2fa? Hmmpf. Give me a piece or paper to write my words with my own hands. To move those funds you are forced to manually open that paper and type those words into a secure computer and there is no magical way around it, you just cannot connect to a "cold" piece of paper, and if its folded good luck taking pictures of it, and if its properly hidden, stenographed, or whatever; well you can imagine the chances.
Another sim hacked? this is huge and I don't know what to say either if ever I'm on that situation.
Can an expert explain how did the hacker got his funds?
Sim hack? Try to read this up on how its being done https://www.pandasecurity.com/mediacenter/security/sim-hijacking-explained/Can an expert explain how did the hacker got his funds?
On topic, i dont know why do people really trust up some centralized services on storing up their holdings. We are talking millions of dollars here
and it would be much more safer if they do just consider on buying or budgeting a hundred bucks for some hardware wallet.
Well, its too late to regret now.
Holding millions of dollars and not even caring about the minimum security of your funds. Pretty dumb.
I can't take the risk of losing even $1 worth of BTC. If I was to own this much money, I'd probably spend more than five grand on security. Those relying on their email/phone or on a centralized service such as Blockchain.info, especially with these immense amounts at stake, is stupid as the risks are obviously there..
I can't take the risk of losing even $1 worth of BTC. If I was to own this much money, I'd probably spend more than five grand on security. Those relying on their email/phone or on a centralized service such as Blockchain.info, especially with these immense amounts at stake, is stupid as the risks are obviously there..
Considering they are telling the truth they should have known a few thing about cyber security
*Even giving your mobile to someone for a while might pose a threat for you , your personal data , your personal savings , all gone.
*Using a paper wallet needs good investment , just go and lock it down in an unknown cabin for like a 1000's years if you can't take care of it
*One should know there are softwares that if you download can hack all your mobile in few seconds , or links if you click accidentally or on purpose can cause you great distress .
*One should learn a thing or two about cyber security that would help them in the long run.
*Even giving your mobile to someone for a while might pose a threat for you , your personal data , your personal savings , all gone.
*Using a paper wallet needs good investment , just go and lock it down in an unknown cabin for like a 1000's years if you can't take care of it
*One should know there are softwares that if you download can hack all your mobile in few seconds , or links if you click accidentally or on purpose can cause you great distress .
*One should learn a thing or two about cyber security that would help them in the long run.
The Banks NEVER accept responsibility for so-called hacks like this and they always put the blame on you.
In the UK it's still a bit of a grey area. Plenty of people have been reimbursed after being conned or hijacked but it seems to be on a very case by case basis. What sucks more is that phone companies seem to be indifferent and immune to the problems their slackness creates. Whole lives are tied up in phone numbers now and that doesn't seem to have dawned on them.
I feel for this person.... I was a victim of a SIM Hack on my online Banking and I lost a lot of money. It took years to pay back the money that the person stole 
That was one of the reasons why I researched alternative payment options, because I realised that syndicates within the Bank was working with people from outside to steal people's money and there is nothing that you can do about it. The Banks NEVER accept responsibility for so-called hacks like this and they always put the blame on you.
Now, you take full responsibility for hacks... and you are in the same situation that you would have been, if your money was stolen in your Bank account.
The miners are definitely not going to help this person... but I think the poor person is desperate ...so he or she is trying everything to get it back.
That was one of the reasons why I researched alternative payment options, because I realised that syndicates within the Bank was working with people from outside to steal people's money and there is nothing that you can do about it. The Banks NEVER accept responsibility for so-called hacks like this and they always put the blame on you.
Now, you take full responsibility for hacks... and you are in the same situation that you would have been, if your money was stolen in your Bank account.
The miners are definitely not going to help this person... but I think the poor person is desperate ...so he or she is trying everything to get it back.
I already suffered a SIM hack and lost some cash money , but in my bank, nothing related to cryptos, it was not a huge amount, half of my montly payment of regular job, but I was desperated, and in the end I receive my money back from bank
But with cryptos you don't have anyone to blame or to go to the police (you can, but almost impossible to recover your money)
After that I splited all my money and cryptos in lot ways, cold wallet, exchange, mobile etc, and with different passwords, different ways to access, to prevent lose everything like this person
But with cryptos you don't have anyone to blame or to go to the police (you can, but almost impossible to recover your money)
After that I splited all my money and cryptos in lot ways, cold wallet, exchange, mobile etc, and with different passwords, different ways to access, to prevent lose everything like this person
Keeping such a large amount of BTC on sim is very dangerous but still having this huge loss is crazy.
What I'm not sure here is how are the miners able to help with this, what type of service one could offer in an effort to recuperate this huge loss? Pls share your thoughts on this.
Also, I hope this ends up well!
Losing that kind of btc and bch was the one who is getting dangerous and mind-blowing especially that he is also a big whale from China who is kind of manipulating the market sometimes. The thing is I don't know what would be the connect of the miners or what kind of help can the miners give to the big whale ho lose a lot of bch and btc? That was the question and why is he asking the help of it because if that's the case then probably crypto enthusiast will be the one to contact first to verify and check the security of it. What I'm not sure here is how are the miners able to help with this, what type of service one could offer in an effort to recuperate this huge loss? Pls share your thoughts on this.
Also, I hope this ends up well!
Keeping such a large amount of BTC on sim is very dangerous but still having this huge loss is crazy.
What I'm not sure here is how are the miners able to help with this, what type of service one could offer in an effort to recuperate this huge loss? Pls share your thoughts on this.
Also, I hope this ends up well!
What I'm not sure here is how are the miners able to help with this, what type of service one could offer in an effort to recuperate this huge loss? Pls share your thoughts on this.
Also, I hope this ends up well!
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That is a very bad news for the market. This news might affect the price of Bitcoin. I am amazed by the increasing number of attacks by hackers now day. It has become so common.
This can be an insider's job, if you look into the amount that was stolen.
This can be an insider's job, if you look into the amount that was stolen.
I don't see an "increasing number" of hacker attacks.Such attacks are a constant threat for the last 6 years and hackers are only getting better at finding weak spots in the security systems.This is a never ending battle.Perhaps the amount of hacker attacks goes up a little bit,because of the BTC bullish price trend,but this is not a significant amount(and there's no exact data about all hacker attacks that are reported).
However,how the hell can someone HODL such large amounts of BTC and BCH on one place?This is really stupid move.I agree that it's most likely an insider's job.
SIM is the worst method of auth
A mutable blockchain is simply a ledger. A miner that would allow to reverse the transaction somehow, would risk being forked off the network, if not, he would be risking the value-proposition of what he's mining.
But I'll bet for the right people BCH and BSV would do it. All it would take is one phone call to the one miner.
Other than that what type of whale has any money riding on sim card? No matter who you are you should at least know that's not a great idea.
How dumb do you have to be to store $45M on exchange and not take all possible measures to protect your online accounts? I'd also blame the exchange here for allowing to withdraw such large sums without triggering any safeguards. People like to complain about banks requesting additional checks for large transactions, but they make things like this hard if not impossible.
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"He's now asking help from miners".
A mutable blockchain is simply a ledger. A miner that would allow to reverse the transaction somehow, would risk being forked off the network, if not, he would be risking the value-proposition of what he's mining.
We are near on halving and this is a very sad one for the owner.
This might also affect the price since the hacker could dump it all.
But what if this was just stage? To create FUD and start the dump?
This might also affect the price since the hacker could dump it all.
But what if this was just stage? To create FUD and start the dump?
It is said that it is not the first time so we can say that this is not what you're thinking.
I am not a professional at all but I think we shoukd really be careful in these things. You should read this link, it is amazing.
He claim to be a security expert .
.He's not expert, since it's not first time according to https://steemit.com/bitcoin/@hacker0/how-i-hacked-hundreds-of-bitcoins-ama
Obviously reading something like this is a concern that can still happen again and the value is quite fantastic. is it just because of negligence? I don't feel that until there is definitely something else not yet known. hopefully it can be revealed.
So, it turns out there are whales that don't bother to take basic measures to protect their own money. That much money should have been stored in a hardware wallet or airgapped computer not somewhere connected to the internet. There are a few hacking programs that make it easy for novices who know almost nothing about hacking to hack into things. I saw a port scanner a few weeks ago that performs different exploits depending on the protocol it finds and there's that Havij thing the hacker talked about in his Steemit post. There was even a computer virus called Zeus that was easy for anyone with little hacking knowledge to operate and it took several law enforcement agencies to shut down that network.
Moral of all this is to hide your money, because anybody with a little hacking knowledge can steal it.
We really don't know if this is really true, if it is, then that is a huge lost for him.
So his wallet is on the phone? Definitely he is not an expert, Lmao. Seriously though, this is another black eye news for crypto enthusiast, just by looking at the amount that guy lost it's really disheartening.
Another good lesson for those who have tons of crypto's around, invest on a hardware wallet.
So his wallet is on the phone? Definitely he is not an expert, Lmao. Seriously though, this is another black eye news for crypto enthusiast, just by looking at the amount that guy lost it's really disheartening.
Another good lesson for those who have tons of crypto's around, invest on a hardware wallet.
We are near on halving and this is a very sad one for the owner.
This might also affect the price since the hacker could dump it all.
But what if this was just stage? To create FUD and start the dump?
This might also affect the price since the hacker could dump it all.
But what if this was just stage? To create FUD and start the dump?
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