Ukraine - man arrested for stealing bitcoins and altcoins

veleten

legendary

Activity: 2016

Merit: 1107

Quote from: BitBustah on April 08, 2019, 08:54:27 AM

Working at an exchange and he was only able to steal $26,000? That is nothing compared to what these bigger exchanges are scamming. Why does it seem like the big scammers always get away with it?

is 26.000$ not big enough a sum?
I bet if he could, he would have stolen more than that
and that must be a rhetorical question why does it seem like the big scammers always get away with it
not always and not all of them , but it is easier to catch someone who is just a petty thief rather than uncover a well planned operation

BitBustah

hero member

Activity: 1218

Merit: 534

Working at an exchange and he was only able to steal $26,000? That is nothing compared to what these bigger exchanges are scamming. Why does it seem like the big scammers always get away with it?

lyks15

full member

Activity: 546

Merit: 100

I hope that kind of police duty will perform in every country. We don't have to avoid to store your bitcoin in your online wallet specially when you are holding coins for your future. But like you said it is very risky to stored it online. But I think when bitcoin are going to become decentralized our coin will become safer and I hope it may happen very soon.

pundit

full member

Activity: 868

Merit: 104

Hackers are finding a new way everyday to steal money from other's account. This person was targeting inactive account means noone was operating those accounts for long time, customers might be waiting for market recovery but such negligence of keeping funds in an exchange for a long time and that too w/o 2FA would definitely be harmful to the account. Its the user only who give hacker a chance to steam is account. Sometime user clicks on link from unknown resources and shares all his detail on that link and most of the time he does not cover his account with 2FA. If such small negligence are taken care of,we can save our funds.

Viron

member

Activity: 82

Merit: 27

https://www.dago-mining.com

Scary stuff, glad it's taken seriously in the law though.
Hope that we move more towards decentralization, that'd be one way to make our "wallets" safer.

shesheboy

full member

Activity: 714

Merit: 114

Quote from: xvids on April 07, 2019, 10:10:44 PM

Quote from: hatshepsut93 on February 09, 2019, 04:56:08 PM

_ snip _

Well this should be a lesson that if you want to just store your crypto for a long term then don't trust the exchanges.
This is the reason why we have to keep our own funds in our own wallet.
There are ao many wallet that we could use why should we leave it at an exchange for a long time?

So you think storing your coins on a wallet is considered safe ? On hardware wallets yes because they are offline but if your only using online wallets no . online wallets dont differ from exchanges because a hacker can always access your account and steal your coins . but its not bad to trust them if you know to your self that you are using a legit service/platform . i myself have been an avid user of online wallets ( several kinds of them ) but as of now i dont get experience to be hacked .

meanwords

full member

Activity: 1624

Merit: 163

It's kind of scary. There was no hacker involved but the employees themselves. It would seem that the exchange is very bad when it comes to hiring someone. Even the exchange themselves can't be trusted. Since he is targetting inactive users, those users are probably holder their assets in their exchanges which is something that you should never do. I hope justice serves him right.

xabre

full member

Activity: 580

Merit: 101

Nice law of Ukraine want to arrested people have stealing bitcoin and altcoin, will be more positive news for bitcoin could be legal transaction if have law and justice with bitcoin criminal and your asset will be safety.

xvids

sr. member

Activity: 1176

Merit: 301

Quote from: hatshepsut93 on February 09, 2019, 04:56:08 PM

Source (in Ukrainian): http://mvs.gov.ua/ua/news/18175_Kiberpoliciya_vikrila_cholovika_u_vikradenni_elektronnih_koshtiv_z_kriptogamanciv.htm

My short summary:

The suspect worked in some unnamed crypto exchange based in Britain as tech support worker. He was targeting accounts of inactive users without 2FA installed, he was changing or adding recovery emails to those accounts, which allowed him to reset passwords and steal all user balance. The police estimates that he stole 720,000 UAH this way (~26,000 USD). The suspect was spending stolen money on gambling.

This should be yet another reminder to never store coins online for long term, and always use strong 2FA on your account and your email.

Well this should be a lesson that if you want to just store your crypto for a long term then don't trust the exchanges.
This is the reason why we have to keep our own funds in our own wallet.
There are ao many wallet that we could use why should we leave it at an exchange for a long time?

kaya11

full member

Activity: 1344

Merit: 110

SOL.BIOKRIPT.COM

I have coins all over the exchanges, kucoin,bittrex,hitbtc. They were a total of $2k when I bought them since 2017. Now I am having a problem as my phone broke and the 2fa is not usable anymore. Hope this man did not get my coins there. Now I am contacting customer support to disable it and re-log in with another 2fa.

HatakeKakashi

hero member

Activity: 1274

Merit: 513

He arrested last few months ago and that is consequences of they things they do. This means the team of the exchanges site will not trust 100 percent because that happen. Look like inside job. Setting 2FA is good because it can help to secure your account in exchanges site so if you don't set up just visit your exchanges site and set up 2FA. This means also we cannot trust even we know the person.

Vaskiy

legendary

Activity: 2688

Merit: 1106

DGbet.fun - Crypto Sportsbook

When something becomes more expensive, automatically there will be more emergence of hackers. These hackers will be completely focused on the way to enter into someone's wallet and get the funds out of the same. Though it is quite a hard thing, the lack of security enabling by users make them enter the wallet without much trouble.

Davidovic

newbie

Activity: 70

Merit: 0

To my mind, in a crypto realm, we don't have an opportunity to rely on anybody in this realm. So, don't store coins on exchanges, use cold wallets and don't share any information regarding your passwords.

hatshepsut93

legendary

Activity: 3038

Merit: 2162

Quote from: Viceroy on February 23, 2019, 01:05:02 PM

In this story what surprises me most of all is the fact that having such brain, he spent on gambling! He might have joined some crypto project easily!

It doesn't take much intelligence to simply alter a database that you have direct access to. After all, he got caught, while a smart thief would leave no tracks.

Quote from: bestiya on February 18, 2019, 06:06:05 PM

If the cryptocurrency in Ukraine is not recognized as a payment instrument, according to Ukrainian legislation, it is not correct to call it “кoшти”. The same applies to the "oбмiнники", or am I wrong?

An interesting question, I did some googling and it turns out that in the last year Bitcoin ceased to be a "money surrogate" according to the National Bank. This doesn't mean that Bitcoin is legal, but it also stopped being "shady".

Eildosa

member

Activity: 572

Merit: 10

I don't know how many thefts have to happen for people to start thinking about the safety of their funds. But it is good that this man was arrested.

Viceroy

hero member

Activity: 924

Merit: 501

In this story what surprises me most of all is the fact that having such brain, he spent on gambling! He might have joined some crypto project easily!

cryptomaster420

member

Activity: 256

Merit: 10

Quote from: hatshepsut93 on February 09, 2019, 04:56:08 PM

Source (in Ukrainian): http://mvs.gov.ua/ua/news/18175_Kiberpoliciya_vikrila_cholovika_u_vikradenni_elektronnih_koshtiv_z_kriptogamanciv.htm

My short summary:

The suspect worked in some unnamed crypto exchange based in Britain as tech support worker. He was targeting accounts of inactive users without 2FA installed, he was changing or adding recovery emails to those accounts, which allowed him to reset passwords and steal all user balance. The police estimates that he stole 720,000 UAH this way (~26,000 USD). The suspect was spending stolen money on gambling.

This should be yet another reminder to never store coins online for long term, and always use strong 2FA on your account and your email.

Good job by the authorities, but this dude can still leave jail with the money he stole if he hid it well - and there's nothing governments can do to return it to its rightful owners.
So make sure you always follow the best security practices!

bestiya

full member

Activity: 616

Merit: 102

If the cryptocurrency in Ukraine is not recognized as a payment instrument, according to Ukrainian legislation, it is not correct to call it “кoшти”. The same applies to the "oбмiнники", or am I wrong?

pawanjain

hero member

Activity: 2702

Merit: 716

Nothing lasts forever

It's sad to know that the people lost their money because of this thief. It's funny to know that he thought he could get away so easily.
This proves that hackers are not the only ones who are keeping an eye on us. There are others as well who wait for the right time to steal your money.
It's better to be careful and use all the security measures to keep our money safe. A little irresponsibility could lead us loosing all our money.

kucritt

full member

Activity: 616

Merit: 100

wow, its very bad news, we should know that the exchanger is not 100% safe, you should see that there are many bad people will steal because they see the value of the money. so my advice is dont save all of your money and cryptocurrency on 1 exchanger, you can try use many exchanger and wallet to prevent this thing happen

Topic: Ukraine - man arrested for stealing bitcoins and altcoins (Read 781 times)