IOTA - Thousands of Wallets Compromised and Funds Stolen - page 6.

MadMac

full member

Activity: 756

Merit: 103

Quote from: cryptodagger on January 24, 2018, 06:41:25 AM

Why wouldnt you guys put it in a safe place like a hardwallet?mine is fully secured but with this hack events surely i will dump IOTA for now.
Surely IOTA developers has lack of security precautions too,dumping this right now would be a nice move before it lose some value.

It does not matter where you think you place it. They have stolen the private keys, and thus own all your funds. And that is a major design flaw of the IOTA client that requires one to openly use the private key, which they call seed, to log in.

cryptodagger

member

Activity: 224

Merit: 10

Stable coin to make charity free for everyone

Why wouldnt you guys put it in a safe place like a hardwallet?mine is fully secured but with this hack events surely i will dump IOTA for now.
Surely IOTA developers has lack of security precautions too,dumping this right now would be a nice move before it lose some value.

dudov

newbie

Activity: 115

Merit: 0

Is this information real?

MadMac

full member

Activity: 756

Merit: 103

Again, it's not addressing the situation at all, that huge design flaw of using a private key to log in. Just excuses. No explanation, no mitigation, just trying to wash their hands clean and blame the users. Shame on them. And now they will delete the evidence.

CryptoCunnie

newbie

Activity: 16

Merit: 0

Quote from: MadMac on January 24, 2018, 05:48:20 AM

I don't invent these news, I just share them for everyone to judge. Pretty lame posting again from one of the IOTA fanboys.

So far we have not heard any official statement from the IOTA foundation regarding the theft. Shame on them. And then we have you handfull of fanboys who are stupid enough to completely ignore the situation. Would be funny if millions of dollars would not have been stolen. And now evidence is going to be destroyed.

Mind providing some evidence for your claims?

Since iota already responded 2 days ago in their blog:
https://blog.iota.org/the-secret-to-security-is-secrecy-d32b5b7f25ef

MadMac

full member

Activity: 756

Merit: 103

I don't invent these news, I just share them for everyone to judge. Pretty lame posting again from one of the IOTA fanboys.

So far we have not heard any official statement from the IOTA foundation regarding the theft. Shame on them. And then we have you handfull of fanboys who are stupid enough to completely ignore the situation. Would be funny if millions of dollars would not have been stolen. And now evidence is going to be destroyed.

CryptoCunnie

newbie

Activity: 16

Merit: 0

Quote from: MadMac on January 24, 2018, 04:38:44 AM

IOTA is going to destroy evidence of the heist very soon.

http://iotafeed.com/index.php/2018/01/23/prepare-for-the-january-28-2018-iota-snapshot/

"The snapshot compacts the Tangle by removing parts of its history, except addresses with value."

Read it, this is highly alarming and must be stopped!

"destroy evidence of the heist" - what a joke post.
OP is either only out here spreading nonsense to destroy iota's rep or he really has no clue at all, dyor people

MadMac

full member

Activity: 756

Merit: 103

IOTA is going to destroy evidence of the heist very soon.

http://iotafeed.com/index.php/2018/01/23/prepare-for-the-january-28-2018-iota-snapshot/

"The snapshot compacts the Tangle by removing parts of its history, except addresses with value."

Read it, this is highly alarming and must be stopped!

vv181

legendary

Activity: 1932

Merit: 1273

Quote from: MadMac on January 20, 2018, 09:01:01 AM

How so? People were told to use online seed generators. Yes, a seed, online. Not from the wallet itself, no password, not protection at all. And one clever chap collected all the generated seeds and just cashed in.

Lucky me I used the offline seed generator in my Ubuntu terminal. Actually, its bad practice to generate something valuable on the internet. I prefer it the offline ways so I can ensure the security of it.

MadMac

full member

Activity: 756

Merit: 103

Quote from: windjc on January 23, 2018, 07:53:04 PM

OP has been proven to be entitled, stupid, non-technical and dishonest. This thread has completely exposed him.

Is that so, IOTA fanboy? I think the only one spreading garbage, or as you fanboys call it: FUD, is yourself

.

Complete ignorance of the situation and getting personal in every single of your posts. But as they say, don't feed he troll.

windjc

legendary

Activity: 2156

Merit: 1070

Quote from: runz on January 23, 2018, 04:14:08 PM

Quote from: rezurect on January 23, 2018, 03:52:19 PM

It's not the devs fault , yet they linked their new investors to this malicious seed generator themselves, doesn't really make sense to me.

As far as I know they linked to a github code and not to iotaseeds.io
One guy from the official iota forum actually warned about that .io site

Quote from: MadMac on January 23, 2018, 03:50:31 PM

Quote from: runz on January 23, 2018, 03:11:22 PM

It is not devs fault if you disclose your private key to third parties

You really don't get it?

It is a major and substantial design flaw to use a private key, which the seed is, to log into ones wallet. Without any authorization. 2 major rules of information security have been breached here.

Sadly you don't learn that your authorization is useless if you disclose your private key! I hope at some day you just understand the technology and learn from your mistakes.. But instead your just blaming everyone else but you

OP has been proven to be entitled, stupid, non-technical and dishonest. This thread has completely exposed him.

imdabest239

full member

Activity: 126

Merit: 100

Are there still some people who trust in this coin? I have been fighting with them for a long time, i do not want to hold them anymore but i bought them at $3,8, i have them all stucked on my wallet right now, but i hate IOTA.. This is seriously the worst coin that i have ever bought.

flag39

full member

Activity: 364

Merit: 101

Quote from: MadMac on January 23, 2018, 01:33:36 PM

Volkswagen should reevaluate and consider what risk they put themselves and customers potentially into. Still no acknowledgement of the hack by IOTA itself, they still believe if they do nothing the shitstorm may just blow over them and go away. No.

I think we all should write to Volkswagen and make sure they don't get fooled Grin

runz

member

Activity: 103

Merit: 11

I think login with your private key is not risky as long as you don't disclose it to other people!
And if your machine is compromised you are game over with all software wallets. So what's your point? How should I be able to hack your wallet without the private key?

MadMac

full member

Activity: 756

Merit: 103

Sure, I know what I write.

What you still don't understand is login with a private key is at mega risk.

2 major info security laws broken in IOTA.

runz

member

Activity: 103

Merit: 11

Quote from: rezurect on January 23, 2018, 03:52:19 PM

It's not the devs fault , yet they linked their new investors to this malicious seed generator themselves, doesn't really make sense to me.

As far as I know they linked to a github code and not to iotaseeds.io
One guy from the official iota forum actually warned about that .io site

Quote from: MadMac on January 23, 2018, 03:50:31 PM

Quote from: runz on January 23, 2018, 03:11:22 PM

It is not devs fault if you disclose your private key to third parties

You really don't get it?

It is a major and substantial design flaw to use a private key, which the seed is, to log into ones wallet. Without any authorization. 2 major rules of information security have been breached here.

Sadly you don't learn that your authorization is useless if you disclose your private key! I hope at some day you just understand the technology and learn from your mistakes.. But instead your just blaming everyone else but you

MadMac

full member

Activity: 756

Merit: 103

This is all very bad and it is still developing. Most people did not realize yet what happened to them.

rezurect

sr. member

Activity: 686

Merit: 250

Quote from: runz on January 23, 2018, 03:11:22 PM

It is not devs fault if you disclose your private key to third parties

It's not the devs fault , yet they linked their new investors to this malicious seed generator themselves, doesn't really make sense to me.

MadMac

full member

Activity: 756

Merit: 103

Quote from: runz on January 23, 2018, 03:11:22 PM

It is not devs fault if you disclose your private key to third parties

You really don't get it?

It is a major and substantial design flaw to use a private key, which the seed is, to log into ones wallet. Without any authorization. 2 major rules of information security have been breached here.

Oumal

sr. member

Activity: 542

Merit: 250

Something prevented me from buying IOTA, now I will never buy it. I think that this is the end for the project, there are
no guarantees that this will not happen again.

Topic: IOTA - Thousands of Wallets Compromised and Funds Stolen - page 6. (Read 2618 times)