Ian Balina Loses 2 Million USD | Bitcointalksearch.org

smyslov

sr. member

Activity: 2030

Merit: 269

Quote from: orangetax on April 17, 2018, 04:13:38 AM

Ian Balina, the famous cryptocurrency YouTuber has reportedly lost 2 million USD during a livestream. Famous for doing sponsored ICO reviews, the YouTuber was reviewing yet another ICO on his channel when a viewer notified him that “someone” had moved all of his tokens out of his wallet.
Read our post to know what happened with the famous cryptocurrency YouTuber!

Read the complete article here : https://coinfrenzy.io/ian-balina-loses-2-million-usd/

Now we have unmasked this idiot as not a good and knowledgeable when it comes to cryptocurrency security, if you are preaching how and what coins to invest your first lesson is how to keep all your tokens safe, he loses the $2 million but he also loses his credibility.

artichandra

newbie

Activity: 173

Merit: 0

This is surprising, losing money or assets with a considerable amount. Looks like it's his own fault, should we have to learn from his mistakes so as not to suffer huge losses. And hopefully the security in every wallet is fixed in order not to happen something like this.

VenturaBro

newbie

Activity: 168

Merit: 0

Quote from: cryptomema on April 17, 2018, 06:32:59 PM

Clearly his fault,he was too confident with his security, it might be his excuse so we wont be required to pay big taxes,but who knows? if he is just setting this up so that IRS wont bother to check his assets,which if true he is in a deep trouble because that is a huge amount! it might be unrecoverable for the people like me but if he still got some of his coins he should be fine.

No doubt, you'd think someone that popular would be better about security.

After all, i read that he used Evernote for storing his passwords, that's just dumb.

Silber

full member

Activity: 1154

Merit: 154

With those 2 Million $ he could move to Thailand and live there very well for the rest of his live.

What I've learned from this lession:

1. never tell some one, that I hold crypto currency

2. Use Hardware Wallet

3. If I have enough money, I will cash out and enjoy my retirement in Thailand (don't be too greedy)

cryptomema

member

Activity: 224

Merit: 12

Clearly his fault,he was too confident with his security, it might be his excuse so we wont be required to pay big taxes,but who knows? if he is just setting this up so that IRS wont bother to check his assets,which if true he is in a deep trouble because that is a huge amount! it might be unrecoverable for the people like me but if he still got some of his coins he should be fine.

panghae

member

Activity: 148

Merit: 10

I have been following since then and i have learned alot from this person,he surely does know the risk of putting his keys into some evernote or whatsoever app,he might be bluffing as well and no one can tell he was hacked or not,because the taxes should be paid and he might be using this tactics to prevent taxes.

klixion

sr. member

Activity: 645

Merit: 250

Ian Balina shouldn't have been bragging about his high balance blockfolio on social media. I think this resulted him in being a target for hackers. Putting private keys on evernote wasn't a smart thing to do either.

jlanzago

full member

Activity: 266

Merit: 101

Cryptomooniac - to the moon and beyond...

I am sorry this happened to him, or to anyone that has been hacked.

However people seem to think that a hardware wallet would have avoided that. Not really - he may have had hardware wallets and store on Evernote his recovery words, with them anyone can access those funds very easily.

I think there are lessons to be learned by everyone about what actually happened. I hope he actually shares his story, and a guide so people can prevent this from happening to them.

On the meantime please follow best practices, be safe, always be in control of your private keys, and in control of your digital life (passwords, etc.).

And please be aware that your funds held in hardware wallets can easily be stolen if someone gets access to your recovery words.

kiw_91

newbie

Activity: 291

Merit: 0

Looks like a scam to me. A guy who reviews and kind of a know how guy on crypto. Puts his private keys on evernote and tokens in a hot wallet. Seems a bit fishy to me. Prolly just doing it to avoid the IRS tax. What is more suspicious is, his wallet was hacked a few days before the deadline of the IRS tax filling. Thus raising more questions. We just have to wait and see what comes up later on. Everything else is just speculation.

cryptopussies

member

Activity: 196

Merit: 10

HEXCASH - Decentralized Fun

He surely deserves a medal,because he have done many stupid things,showing his portfolio worth millions of dollars? putting his private keys to evernote? and not activating 2 factor authenticator to his email and his exchange account or whatsoever account he has,that is purely bullshit ! he learned his lesson very hard and he deserves it.

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: rommelzkie on April 17, 2018, 05:28:35 PM

On the other hand, US tax for crypto is about to start. Maybe he created his own hack to skip paying tax.

This is also what came to my mind after reading others comment about this.

Do you guys can see the timing? It's tax season.

cryptopusa

member

Activity: 224

Merit: 11

IMO he shouldnt be showing his portfolio to the public we shouldnt too because it might be the reason why his life or his family's life might be put into danger as the people know how much he has,he can easily be tracked by anyone who has resources.

cryptodevs

member

Activity: 182

Merit: 11

This is ridiculous why would he put his keys into some shit evernote? its clearly his fault ! he is careless to put those delicate keys into some shit note app.He is too confident too because his email doesnt have any 2fa enabled,which is why the hacker cracked his email addresss without him knowing that his email address was compromised already.

SplendidHunter

jr. member

Activity: 196

Merit: 1

I have heard abiut this case, it is so bad to loose that amount of money Sad

Poor guy. Do you think it is an opportunity to get them back?

cryptoatomic

member

Activity: 168

Merit: 12

Clearly his fault,he shouldnt be showing his wealth to thousands of people because someone can easily wait for him in his doorway and take his life if we wont give his private keys.It is the risk that we shouldnt tried to,because our life will depend on it, as these people will do everything that they can to get those millions of dollars.

Tenderino

full member

Activity: 336

Merit: 103

So the sponsored ICO reviews were valuable for him?

What kind of tokens did he hold? The tokens of the ICOs he reviewed and was sponsored? No offense, but if you hold tokens worth 2 millions in one wallet, then it is literally your own fault! You should never put money worth 2 millions under one pillow and you should also not hold 2 millions in one bank account even though it might be insured.

bratbu

member

Activity: 182

Merit: 11

Clearly his mistake,his fault! that is why we shouldnt be showing our portfolio to anyone because our lives might be in danger! and you will never know what these people can do.Showing millions of dollars on stream isnt a good idea because these hackers will be tempted to try to hack your accounts,or worst you might be targeted infront of your house.

cryptotitan

member

Activity: 210

Merit: 10

Quote from: orangetax on April 17, 2018, 04:13:38 AM

Ian Balina, the famous cryptocurrency YouTuber has reportedly lost 2 million USD during a livestream. Famous for doing sponsored ICO reviews, the YouTuber was reviewing yet another ICO on his channel when a viewer notified him that “someone” had moved all of his tokens out of his wallet.
Read our post to know what happened with the famous cryptocurrency YouTuber!

Read the complete article here : https://coinfrenzy.io/ian-balina-loses-2-million-usd/

If theres someone he can blame it is himself,because of his foolishness to put his key into something that can easily hacked,his account might be in watchlist of these professional hackers that is why the timing of the hack was perfect! or it might be just another shit movie because the taxes would be paid in just few days or weeks that is why he wanted to show people that he was hacked Roll Eyes

rommelzkie

full member

Activity: 294

Merit: 125

Quote from: orangetax on April 17, 2018, 04:13:38 AM

Ian Balina, the famous cryptocurrency YouTuber has reportedly lost 2 million USD during a livestream. Famous for doing sponsored ICO reviews, the YouTuber was reviewing yet another ICO on his channel when a viewer notified him that “someone” had moved all of his tokens out of his wallet.
Read our post to know what happened with the famous cryptocurrency YouTuber!

Read the complete article here : https://coinfrenzy.io/ian-balina-loses-2-million-usd/

Too bad for him. Ian Balina is only a blogger and his reviews on youtube are just his opinions. The reason why he got hacked is simple. HE IS USING HIS COMPUTER FOR ACCESSING AND STORING ITS ETH WALLET WHILE AT THE SAME TIME FOR LIVE STREAMING OF HIS REVIEWS. Exposing your Public Address and the computer is risky.

Im just thinking why he did not use hardware wallet

On the other hand, US tax for crypto is about to start. Maybe he created his own hack to skip paying tax.

pooque

member

Activity: 182

Merit: 10

This is basically a perfect example of being careless,which resulted into big loss,you shouldnt be showing your portfolio to anyone especially when you have millions of dollars because it might be the reason why your life will be in danger.As far as we can see these scammers can easily get into our email addresses,even if you have 2fa enabled,that is why we should be protecting informations.

Topic: Ian Balina Loses 2 Million USD (Read 645 times)