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Topic: If you own Bitcoin and use Outlook to access your exchange accounts, read this.. (Read 241 times)

pey
sr. member
Activity: 546
Merit: 251
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Seems like not real, but 2FA or other type of verifications are also necessary for email account itself. Still no one should hold large amount of coins in exchanges unless they are traded.
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
it is more like if you don't have your 2FA enabled you are going to get hacked a lot easier no matter what email application you use on your computer. Outlook might have issues but it is not as easy to hack into. besides when you are storing coins on an exchange there are literary a dozen different ways that you can lose them without your email getting hacked.
hero member
Activity: 1204
Merit: 630
Everyone said that same thing that they are not using Outlook. Well, How can you know that other emails which you are using right now are safe? Proton, Google, Yandex, Yahoo... or anyone... Are they really safe? And how can we know which one is safe?
hero member
Activity: 2870
Merit: 574
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I have not used Outlook for a long time. It is always buggy and crashed all the time plus it consumes a lot of disk space.

I never use Outlook. It's better to use another email service and use it separately from Microsoft Grin
But that is strange that he says the hacker penetrate his exchange account without accessing his 2fa verification. I wonder how the hacker can break the 2fa protection since when we want to change the password in the exchange, we still need to pass 2fa verification.
2fa verification is strong protection for a member in exchange because it's connected to the mobile phone and only we that have access for using 2fa.

I do not think that he activated his 2fa protection. Even if his email is hacked it could have not pushed through if 2fa is active.
That is what I was thinking too, and that is why I said it is strange. We know that 2fa have to installed on a mobile phone and no one can access the 2fa unless he has our mobile phone and uses it to steal our money.
That is not easy as it says because that will need the skill to break the security from the email, the exchanges, and 2fa.
I remember when I want to use Outlook, I got so many problems and in the end, I decide to leave Outlook and back to the previous email which I don't have any problem.
sr. member
Activity: 840
Merit: 266
So wait he had $25k and he did not have his F2A enabled! Even if his email got hacked no one should be able to access his account if he had his F2A enabled, something is not adding up here. I would say that he was dumb enough to press on a fishy website and tried to log in from that bad fishy website and that is how he lost his money.
legendary
Activity: 3668
Merit: 6382
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1. Use 2FA for online services.
2. Don't keep big values at online services. Use paper wallets, hardware wallets, cold wallets, whatever suits you best based on the value for the funds and the activity. Keep as much as possible the big values offline.
3. Don't store private keys online.

Doing such steps one will not give the chance others steal from him.
Online mail, online services were never super-duper-secure.
legendary
Activity: 2912
Merit: 1068
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I think this is not only the problem of Microsoft and it's not only targeted for cryptocurrencies. Hackers will find every way to get to the goal they want so this could happen not only to Outlook users but to everyone else. Besides, I think that users have much bigger responsibilty than they are willing to admit. Security and safety of your data and cryptocurrencies it's depending on you and your responsible behaviour.
hero member
Activity: 1246
Merit: 588
In this article a guy claims that he lost $25k after hackers stole his accounts. Either this guy is retarded or it is just bullshit because he gave no evidence and with such amount of funds most exchanges would require to pass KYC. Also most exchanges won't reset your password only with an e-mail so this story sound even more ridiculous and not realistic.

I can't actually understand where are you coming from because this person actually have stated a transaction ID as his proof. I have also experienced resetting a password using email account. Maybe the kraken.com actually have this certain function.

The only thing here is that the proof he has given cannot be validated.
legendary
Activity: 3542
Merit: 1965
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When given the option to link the 2FA to email or mobile phone, I usually chose "mobile phone" because hackers have shown that it is easy to hack email accounts and not that easy to do a Sim swap to intercept the codes being send to your mobile phone.  Wink

Some services do not give you the option for a mobile phone, so you are stuck with email 2FA verification, so in cases like these I never use online email providers or Outlook to access my email.  Wink     Tongue
legendary
Activity: 3542
Merit: 1352
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Based on the article.

"As it is, Microsoft can afford to restore the financial damage to hacking victims, since it reported record third-quarter earnings."

They do took full responsibility and making some compensation,what a generous company!.  Grin

Which IMO they shouldn't, knowing that it's not their fault if people were hacked/jacked off of their money on exchanges. It's almost impossible for people to get hacked if they aren't storing sensitive financial data on their email–a different story though if they use the same passwords for any other account that they have on the interwebs. Perhaps Microsoft did this in order to negate negative press and not really out of goodwill.
legendary
Activity: 2240
Merit: 1069
I have not used Outlook for a long time. It is always buggy and crashed all the time plus it consumes a lot of disk space.

I never use Outlook. It's better to use another email service and use it separately from Microsoft Grin
But that is strange that he says the hacker penetrate his exchange account without accessing his 2fa verification. I wonder how the hacker can break the 2fa protection since when we want to change the password in the exchange, we still need to pass 2fa verification.
2fa verification is strong protection for a member in exchange because it's connected to the mobile phone and only we that have access for using 2fa.

I do not think that he activated his 2fa protection. Even if his email is hacked it could have not pushed through if 2fa is active.
legendary
Activity: 3472
Merit: 10611
A banal case after the Microsoft data breach but it's not targeting only cryptos. Come on, hackers steal everything possible via your email. I don't know why something like what happened to this guy deserves an article. just for $5,000 Cheesy
Good luck to sue Microsoft in Justice. It will cost him more than the 1 BTC initial

In this article a guy claims that he lost $25k after hackers stole his accounts. Either this guy is retarded or it is just bullshit because he gave no evidence and with such amount of funds most exchanges would require to pass KYC. Also most exchanges won't reset your password only with an e-mail so this story sound even more ridiculous and not realistic.
You don't need KYC to transfer out crypto from Kraken
Based on the article.

"As it is, Microsoft can afford to restore the financial damage to hacking victims, since it reported record third-quarter earnings."

They do took full responsibility and making some compensation,what a generous company!.  Grin

"they can afford", yeah no shit!

they will never do that though because it is a slippery slope and with all the security holes in their products (from Windows to all the small applications) whether they were accidental bugs or intentionally placed there, the company would go bankrupt if they started paying every time one of them were exploited and hackers stole people's shit.
member
Activity: 210
Merit: 15
I don't think that this one is real, you can tell anyone that you lost such amount from hacking activity but you need to present your evidence, with a lot of hacking going on there's a lot of people also claiming, just to go for the trend. maybe they want some sympathy even though their claim is not real.
member
Activity: 224
Merit: 62
In this article a guy claims that he lost $25k after hackers stole his accounts. Either this guy is retarded or it is just bullshit because he gave no evidence and with such amount of funds most exchanges would require to pass KYC. Also most exchanges won't reset your password only with an e-mail so this story sound even more ridiculous and not realistic.

I mean I had a fake id when I was 12 that worked anywhere and everywhere, chances are if the hacker could get into their email, they would have that persons I.D because they had to email the exchange it, so it would be in their email anyways or on their stolen phone.
hero member
Activity: 2870
Merit: 574
Vave.com - Crypto Casino
I never use Outlook. It's better to use another email service and use it separately from Microsoft Grin
But that is strange that he says the hacker penetrate his exchange account without accessing his 2fa verification. I wonder how the hacker can break the 2fa protection since when we want to change the password in the exchange, we still need to pass 2fa verification.
2fa verification is strong protection for a member in exchange because it's connected to the mobile phone and only we that have access for using 2fa.
legendary
Activity: 3080
Merit: 1500
A banal case after the Microsoft data breach but it's not targeting only cryptos. Come on, hackers steal everything possible via your email. I don't know why something like what happened to this guy deserves an article. just for $5,000 Cheesy
Good luck to sue Microsoft in Justice. It will cost him more than the 1 BTC initial

In this article a guy claims that he lost $25k after hackers stole his accounts. Either this guy is retarded or it is just bullshit because he gave no evidence and with such amount of funds most exchanges would require to pass KYC. Also most exchanges won't reset your password only with an e-mail so this story sound even more ridiculous and not realistic.
You don't need KYC to transfer out crypto from Kraken
Based on the article.

"As it is, Microsoft can afford to restore the financial damage to hacking victims, since it reported record third-quarter earnings."

They do took full responsibility and making some compensation,what a generous company!.  Grin

Even though Microsoft can offer compensation to the victims of this fraud due to their own technical deficiencie, they won't offer any such things!

It is just a statement from one of the victims, I don't think they have offered anything yet and they never will unless they are dragged to court!
member
Activity: 177
Merit: 10
If you use any additional protection between a login access / api access into your account you will not need to worry into getting hacked.
Such securities are 2FA or SMS Tokens as well as Google Authentication systems.

Unless those get hacked i don't know how Outlook / your emails can jeopardize your wallets....
the thing i dont get is.. the engineer who got his bitcoin stolen wrote that the hacker forwarded the emails from kraken to the thiefs email to recover his password... how is this even possible without having access to the email's account? my friend who is using outlook told me that you have a similar 2FA option on outlook, but you need to activate it.... you need to verify every time with the microsoft authen. app before you can enter the mailbox..

you are right, he didnt setup his 2FA on kraken.. a cold wallet would even be better, but know he learned his lesson for sure.
sr. member
Activity: 625
Merit: 258
If you use any additional protection between a login access / api access into your account you will not need to worry into getting hacked.
Such securities are 2FA or SMS Tokens as well as Google Authentication systems.

Unless those get hacked i don't know how Outlook / your emails can jeopardize your wallets....
hero member
Activity: 1204
Merit: 630
I don't use outlook but it seems like that Microsoft's email service isn't that secure... Caution!
Looks like there are several users who complain already about being hacked without every giving out their/losing their passowrd..


Read this one: https://www.ccn.com/microsoft-under-fire-hackers-steal-bitcoin

I think we need email solutions. There were some blockchain solutions but I think they have not succeeded yet. It would be the great and safest way of using an email with mail server powered by blockchain.
hero member
Activity: 3010
Merit: 794
A banal case after the Microsoft data breach but it's not targeting only cryptos. Come on, hackers steal everything possible via your email. I don't know why something like what happened to this guy deserves an article. just for $5,000 Cheesy
Good luck to sue Microsoft in Justice. It will cost him more than the 1 BTC initial

In this article a guy claims that he lost $25k after hackers stole his accounts. Either this guy is retarded or it is just bullshit because he gave no evidence and with such amount of funds most exchanges would require to pass KYC. Also most exchanges won't reset your password only with an e-mail so this story sound even more ridiculous and not realistic.
You don't need KYC to transfer out crypto from Kraken
Based on the article.

"As it is, Microsoft can afford to restore the financial damage to hacking victims, since it reported record third-quarter earnings."

They do took full responsibility and making some compensation,what a generous company!.  Grin
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