Ukraine - man arrested for stealing bitcoins and altcoins - page 4.

xWolfx

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Quote from: AmoreJaz on February 09, 2019, 06:07:59 PM

good thing that they caught him before he can rip other accounts
more then likely, he will try those active accounts if he finished those inactive ones.
remember he's into gambling. he wants more money...

the reason why i transferred my btc to my wallet, even if i really trusted my exchange
youll never know whats going to happen

Truth. And i would expand it and say that not only exchanges but any web/browser wallet for the exact same reason.

If you don't hold the keys yourself there is a fair possibility that you will have troubles in the future. Some way or another. In this case, sadly it was an internal enemy, not that easy to see coming. Reason why internal security and limited permissions for employees are key in industries.

eaLiTy

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

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.

He was so stupid that he thought he will get away from stealing from his own company, i am not sure what he was thinking that he could get away from stealing from inactive users. Roll Eyes

he just ruined his career and life for his gambling addiction i suppose as he spent the stolen money for gambling. Always secure your coins and always use the second factor authentication at all time and never store your coins anywhere without you having the private key

AmoreJaz

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Quote from: Bagaji on February 09, 2019, 06:01:33 PM

SAD news to those customers that are involved and also the suspect in question. Cold wallet still remain my favorite no matter how had they put pressure on me to send my coins to exchanges. Imagine customer funds be used by an insider not even a hacker, let him face the dirty part of the law and let him spend the rest of his life in jail.

good thing that they caught him before he can rip other accounts
more then likely, he will try those active accounts if he finished those inactive ones.
remember he's into gambling. he wants more money...

the reason why i transferred my btc to my wallet, even if i really trusted my exchange
youll never know whats going to happen

BitHodler

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

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.

I'm afraid that there is nothing that will help making people aware of that. Even if the existing crypto coiners stop using exchanges as online wallets, the newbies who enter the market will replace them and make the same mistake.

At the end of the day, the speculative side of crypto makes people less interested in self storage, especially when it comes to shitcoins. People rather use an exchange to store them than having to search for clients and do it themselves.

I do however have to point out that there have been a few clients released in the last couple of months that allow people to conveniently store even the most trashy coins themselves.

livingfree

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Yeaah another incident that no one should store their coins on exchanges. And for 2FA, google authenticator or authy would be a great of help to at least the security for your funds.

Though it happened to an unnamed crypto exchange, we can take this too as a lesson that dont ever trust your fund with anyone even a trusted exchange can have this kind of employee.

Bagaji

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SAD news to those customers that are involved and also the suspect in question. Cold wallet still remain my favorite no matter how had they put pressure on me to send my coins to exchanges. Imagine customer funds be used by an insider not even a hacker, let him face the dirty part of the law and let him spend the rest of his life in jail.

hatshepsut93

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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.

Topic: Ukraine - man arrested for stealing bitcoins and altcoins - page 4. (Read 781 times)