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(The Register)   Worried that crypto exchanges are too vulnerable? No problem, just keep your money in your own crypto wallet   (theregister.com) divider line
55
    More: Fail, Bitcoin, Law, Cryptocurrency, United States dollar, Federal Bureau of Investigation, Business, Lawyer, Theft  
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916 clicks; posted to Business » and Fandom » on 08 Feb 2023 at 11:35 AM (6 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



55 Comments     (+0 »)
View Voting Results: Smartest and Funniest


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vudukungfu [TotalFark]
2023-02-08 9:11:43 AM  
Aaaannnd it's gone
 
Nah'mean [TotalFark]
2023-02-08 9:23:20 AM  
Meh. I just can't muster any sympathy for those heavily involved in the crypto racket who get ripped off.
 
Rev.K [TotalFark] [OhFark]
2023-02-08 9:27:55 AM  
In a detailed statement posted on Twitter this week, Shams outlined how the scammers posed as possible investors, courted him over several weeks, arranged the meeting in Rome, convinced him to shift $4 million in crypto into the new Trust Wallet account, and eventually disappeared, followed by the funds minutes later.

frinkiac.comView Full Size
 
johnphantom
2023-02-08 11:38:35 AM  
Try not to give people your key. It is the only way they can get into your wallet.

//brother's wildest expectations are still realized at $22k, he bought at $200
 
Bslim [TotalFark]
2023-02-08 11:39:20 AM  
A "wallet" full of jack and shiat still puts you in possession of jack and shiat
 
Fear the Clam
2023-02-08 11:41:06 AM  
Should have kept it in the ol' prison crypto wallet.
 
iamskibibitz
2023-02-08 11:43:01 AM  
His name was Shams. He should have known.
 
mamoru [OhFark]
2023-02-08 11:44:32 AM  
Not worried at all, because I'm not dumb enough to buy into the crypto ponzi scheme.
 
Snarcoleptic_Hoosier
2023-02-08 11:46:05 AM  
This one is not the fault of crypto. The dude who got ripped off was stupid enough to sign into a device and they stole his password. It would be no different than somebody leaving their Paypal signed in on a public device. Admittedly with less protection than Paypal offers and far less efficient than Paypal, but it's a fair comparison.

I'm 100% cool with mocking magic internet beanie babies for sucking. This is just one of those cases where the tech didn't fail. The user did.
 
The Smails Kid
2023-02-08 11:47:30 AM  
That's why I keep all of my valuables in my prison wallet.

taps-head.jpg
 
HotWingConspiracy
2023-02-08 11:50:22 AM  
He said he has reported the theft to Rome police and the FBI.

Hello, police? A man stole my computer money with his phone.
 
Rapmaster2000 [TotalFark]
2023-02-08 12:03:17 PM  
Just like in the 1930s, you need to keep all your money in a Reznor Cold Mattress.  Welcome to the future!
 
PartTimeBuddha [OhFark]
2023-02-08 12:06:20 PM  

Snarcoleptic_Hoosier: This one is not the fault of crypto.


I blame Rashida Jones. And Amanda Tapping. I would like them to explain themselves.

Obviously Sandra Bullock is out right now because of the court thing..
 
skyotter
2023-02-08 12:09:52 PM  
Fandom tab, rofl.
 
Wine Sipping Elitist [TotalFark]
2023-02-08 12:10:26 PM  
If they had a hardware wallet running the Trust app and it was stolen, there must be some proximity hardware wallet exploit in the wild, which is bad news.
 
Intrepid00 [TotalFark]
2023-02-08 12:10:45 PM  
I don't understand. Code is law and the code says he transferred those coins. So how can they be stolen?
 
trialpha
2023-02-08 12:12:32 PM  

Snarcoleptic_Hoosier: This one is not the fault of crypto. The dude who got ripped off was stupid enough to sign into a device and they stole his password. It would be no different than somebody leaving their Paypal signed in on a public device. Admittedly with less protection than Paypal offers and far less efficient than Paypal, but it's a fair comparison.

I'm 100% cool with mocking magic internet beanie babies for sucking. This is just one of those cases where the tech didn't fail. The user did.


The article doesn't really make it clear that they logged into a public device. The article states that the thieves merely took a photo of the Trust Wallet app, so apparently that app is displaying enough for the thieves to empty an account. Despite the app not showing private keys or seed phrases.
 
jso2897
2023-02-08 12:19:31 PM  

Nah'mean: Meh. I just can't muster any sympathy for those heavily involved in the crypto racket who get ripped off.


I felt that way at one point, as I reasoned that no one would put money into this horseshiat who wasn't a trust fund baby or some other kind of asshole who doesn't have to respect money.
But I have learned, to my dismay, that actual working people with families, have been conned into this scheme, and have lost their hard-earned fortunes on it.
And I can't be smug about that.
 
jso2897
2023-02-08 12:26:52 PM  

Intrepid00: I don't understand. Code is law and the code says he transferred those coins. So how can they be stolen?


Well, because your initial assertion is based upon a false premise.
You see, code is not law - it's just some f**king numbers in a computer that anybody's dog can change or erase any time they want.
Cryptocurrency literally does not exist, in any real sense, like a turnip or an Oldsmobile does.
It's more of an abstract concept, like "Donald Trump's sense of personal honor".
The suckers who end up holding the bag when it finally ruptures are going to lose everything they have invested in it. It will literally be worth real, mathematical Zero.
The really stupid are telling themselves that it won't be them, that they are smarter.
Most of them won't be.
 
Nah'mean [TotalFark]
2023-02-08 12:29:29 PM  

jso2897: Nah'mean: Meh. I just can't muster any sympathy for those heavily involved in the crypto racket who get ripped off.

I felt that way at one point, as I reasoned that no one would put money into this horseshiat who wasn't a trust fund baby or some other kind of asshole who doesn't have to respect money.
But I have learned, to my dismay, that actual working people with families, have been conned into this scheme, and have lost their hard-earned fortunes on it.
And I can't be smug about that.


If someone has/had 4m in crypto just in that "wallet," I think it's safe to say they are in your first category.
 
Nah'mean [TotalFark]
2023-02-08 12:38:06 PM  

PartTimeBuddha: I blame Rashida Jones. And Amanda Tapping. I would like them to explain themselves.


Wait... did Rashida plug crypto?  If so, that would be a shame because she's my celebrity hall pass.
 
Yankees Team Gynecologist
2023-02-08 12:44:32 PM  

trialpha: Snarcoleptic_Hoosier: This one is not the fault of crypto. The dude who got ripped off was stupid enough to sign into a device and they stole his password. It would be no different than somebody leaving their Paypal signed in on a public device. Admittedly with less protection than Paypal offers and far less efficient than Paypal, but it's a fair comparison.

I'm 100% cool with mocking magic internet beanie babies for sucking. This is just one of those cases where the tech didn't fail. The user did.

The article doesn't really make it clear that they logged into a public device. The article states that the thieves merely took a photo of the Trust Wallet app, so apparently that app is displaying enough for the thieves to empty an account. Despite the app not showing private keys or seed phrases.


The scammers probably got malware onto his device ahead of time while they were corresponding.

Stupid in any case.
 
Anim
2023-02-08 1:06:17 PM  

Yankees Team Gynecologist: trialpha: Snarcoleptic_Hoosier: This one is not the fault of crypto. The dude who got ripped off was stupid enough to sign into a device and they stole his password. It would be no different than somebody leaving their Paypal signed in on a public device. Admittedly with less protection than Paypal offers and far less efficient than Paypal, but it's a fair comparison.

I'm 100% cool with mocking magic internet beanie babies for sucking. This is just one of those cases where the tech didn't fail. The user did.

The article doesn't really make it clear that they logged into a public device. The article states that the thieves merely took a photo of the Trust Wallet app, so apparently that app is displaying enough for the thieves to empty an account. Despite the app not showing private keys or seed phrases.

The scammers probably got malware onto his device ahead of time while they were corresponding.

Stupid in any case.


It had to have something to do with "taking a picture" of the screen. That was an odd enough request that it stood out to the mark. So either information was taken from the image or it was just an excuse to get the phones closer. My guess would be a combination of account info from the image and some type of back door into Trust Wallet.
 
mcreadyblue
2023-02-08 1:17:17 PM  

Anim: Yankees Team Gynecologist: trialpha: Snarcoleptic_Hoosier: This one is not the fault of crypto. The dude who got ripped off was stupid enough to sign into a device and they stole his password. It would be no different than somebody leaving their Paypal signed in on a public device. Admittedly with less protection than Paypal offers and far less efficient than Paypal, but it's a fair comparison.

I'm 100% cool with mocking magic internet beanie babies for sucking. This is just one of those cases where the tech didn't fail. The user did.

The article doesn't really make it clear that they logged into a public device. The article states that the thieves merely took a photo of the Trust Wallet app, so apparently that app is displaying enough for the thieves to empty an account. Despite the app not showing private keys or seed phrases.

The scammers probably got malware onto his device ahead of time while they were corresponding.

Stupid in any case.

It had to have something to do with "taking a picture" of the screen. That was an odd enough request that it stood out to the mark. So either information was taken from the image or it was just an excuse to get the phones closer. My guess would be a combination of account info from the image and some type of back door into Trust Wallet.


Trust wallet also has browser extensions.
 
PartTimeBuddha [OhFark]
2023-02-08 1:27:27 PM  

Nah'mean: PartTimeBuddha: I blame Rashida Jones. And Amanda Tapping. I would like them to explain themselves.

Wait... did Rashida plug crypto?


I don't believe so. I'd just ... you know ... like to see them.
 
Thank You Black Jesus! [BareFark]
2023-02-08 1:46:02 PM  
our resident crypto/open source fan is apparently done telling us how wrong we all are about crypto and has left us alone to wallow in our wrongness all alone

(._. )
 
PartTimeBuddha [OhFark]
2023-02-08 2:01:26 PM  

Thank You Black Jesus!: our resident crypto/open source fan is apparently done telling us how wrong we all are about crypto and has left us alone to wallow in our wrongness all alone

(._. )


We are all wrong, and very, very naughty.

But we are not alone.
 
AgentKGB [TotalFark]
2023-02-08 2:03:20 PM  

Thank You Black Jesus!: our resident crypto/open source fan is apparently done telling us how wrong we all are about crypto and has left us alone to wallow in our wrongness all alone

(._. )


The FOSSil parody account aka Windows_No?

I hope it's a parody account. :S
 
PartTimeBuddha [OhFark]
2023-02-08 2:09:12 PM  
That Mitchell and Webb Look - Moon Landing Sketch
Youtube P6MOnehCOUw
 
Ketchuponsteak
2023-02-08 2:12:01 PM  
Perhaps there's a flaw where they can sniff the password over WiFi, which is why they want them to transfer the money whilst sitting next to them. In that case a VPN would have protected them.

Connecting to public WiFis without an VPN is a bad idea if you're accessing your bank etc.
 
Ketchuponsteak
2023-02-08 2:16:39 PM  

Nah'mean: Meh. I just can't muster any sympathy for those heavily involved in the crypto racket who get ripped off.


I understand people are butthurt they didn't make a fortune when they had the chance.

Myself, I mined Bitcoin when they were worth 2USD. I could easily have mined 1 per day, but the despite having free electricity at my dorm room, the noise from my graphics card annoyed me. And besides I was crunching F@H for Stanford. Then I formatted my harddrive with the 7 Bitcoin I had on it (I didn't care about losing 14USD worth).

I'm not butthurt though, or call people more lucky than me, or feel the need to call them names.
 
PartTimeBuddha [OhFark]
2023-02-08 2:17:33 PM  

AgentKGB: Thank You Black Jesus!: our resident crypto/open source fan is apparently done telling us how wrong we all are about crypto and has left us alone to wallow in our wrongness all alone

(._. )

The FOSSil parody account aka Windows_No?

I hope it's a parody account. :S


I don't think parody. The fellow has been consistent for a long, long time.

But I also don't know what FOSS means.
 
PartTimeBuddha [OhFark]
2023-02-08 2:18:39 PM  

PartTimeBuddha: But I also don't know what FOSS means.


Googled it. No worries.
 
Sexy Jesus [recently expired TotalFark]
2023-02-08 2:20:39 PM  
Mined some crypto today.
Fark user imageView Full Size

Proof of stake, proof of work.
 
Phil McKraken [OhFark]
2023-02-08 2:32:14 PM  

Fear the Clam: Should have kept it in the ol' prison crypto wallet.


Digital intrusions are still possible. UFIA
 
PartTimeBuddha [OhFark]
2023-02-08 2:38:20 PM  

Phil McKraken: Fear the Clam: Should have kept it in the ol' prison crypto wallet.

Digital intrusions are still possible. UFIA


Phil McKraken: Fear the Clam: Should have kept it in the ol' prison crypto wallet.

Digital intrusions are still possible. UFIA


Please breathe out. I need my hand back.
 
Phil McKraken [OhFark]
2023-02-08 2:50:05 PM  

PartTimeBuddha: Phil McKraken: Fear the Clam: Should have kept it in the ol' prison crypto wallet.

Digital intrusions are still possible. UFIA

Phil McKraken: Fear the Clam: Should have kept it in the ol' prison crypto wallet.

Digital intrusions are still possible. UFIA

Please breathe out. I need my hand back.


Get away from my shiatcoin.
 
jso2897
2023-02-08 3:02:47 PM  

Ketchuponsteak: Nah'mean: Meh. I just can't muster any sympathy for those heavily involved in the crypto racket who get ripped off.

I understand people are butthurt they didn't make a fortune when they had the chance.

Myself, I mined Bitcoin when they were worth 2USD. I could easily have mined 1 per day, but the despite having free electricity at my dorm room, the noise from my graphics card annoyed me. And besides I was crunching F@H for Stanford. Then I formatted my harddrive with the 7 Bitcoin I had on it (I didn't care about losing 14USD worth).

I'm not butthurt though, or call people more lucky than me, or feel the need to call them names.


Cool story, Bro.
 
AgentKGB [TotalFark]
2023-02-08 3:14:42 PM  

PartTimeBuddha: I don't think parody. The fellow has been consistent for a long, long time.

But I also don't know what FOSS means.


Oh, I was sure it was a Meow Said the Dog-esque parody. :S

That's terrifying.
 
Olympic Trolling Judge
2023-02-08 3:16:21 PM  

Ketchuponsteak: I understand people are butthurt they didn't make a fortune when they had the chance.


You misunderstand.  We don't begrudge those who won the Powerball.  But we will relentlessly mock those who say Powerball is the future of finance.
 
PartTimeBuddha [OhFark]
2023-02-08 3:28:58 PM  

AgentKGB: Oh, I was sure it was a Meow Said the Dog-esque parody.


I'm no Imperial Rememberancer, but I'm fairly sure OS_choice predates Meow.
 
Ketchuponsteak
2023-02-08 3:56:25 PM  

jso2897: Ketchuponsteak: Nah'mean: Meh. I just can't muster any sympathy for those heavily involved in the crypto racket who get ripped off.

I understand people are butthurt they didn't make a fortune when they had the chance.

Myself, I mined Bitcoin when they were worth 2USD. I could easily have mined 1 per day, but the despite having free electricity at my dorm room, the noise from my graphics card annoyed me. And besides I was crunching F@H for Stanford. Then I formatted my harddrive with the 7 Bitcoin I had on it (I didn't care about losing 14USD worth).

I'm not butthurt though, or call people more lucky than me, or feel the need to call them names.

Cool story, Bro.


Thanks. Its also the truth, and more real than those people who "could have invested in Microsoft".

A lot of us that were involved in Folding@Home tried out mining Bitcoin, since setting up the client was something that was natural extention to what we already did.

https://foldingathome.org in case you're curious about what it is. Still an active project.
 
Ketchuponsteak
2023-02-08 4:00:28 PM  

Olympic Trolling Judge: Ketchuponsteak: I understand people are butthurt they didn't make a fortune when they had the chance.

You misunderstand.  We don't begrudge those who won the Powerball.  But we will relentlessly mock those who say Powerball is the future of finance.


"we"? I have a clear feeling that certain people are very butthurt about Bitcoin, if for no other reason that they could have been very rich if they had nade an simple investment rather than mocking people who did.

I don't know which "we" group you belong to, another one that the butthurt one it sounds like.
 
leeksfromchichis [TotalFark]
2023-02-08 5:11:54 PM  
Snarcoleptic_Hoosier:

The existence of crypto IS tech failure, even if it works.

It's a scam, but it's a very environmentally costly scam.  They're actively hurting all of us.
 
Wine Sipping Elitist [TotalFark]
2023-02-08 6:17:42 PM  

Anim: Yankees Team Gynecologist: trialpha: Snarcoleptic_Hoosier: This one is not the fault of crypto. The dude who got ripped off was stupid enough to sign into a device and they stole his password. It would be no different than somebody leaving their Paypal signed in on a public device. Admittedly with less protection than Paypal offers and far less efficient than Paypal, but it's a fair comparison.

I'm 100% cool with mocking magic internet beanie babies for sucking. This is just one of those cases where the tech didn't fail. The user did.

The article doesn't really make it clear that they logged into a public device. The article states that the thieves merely took a photo of the Trust Wallet app, so apparently that app is displaying enough for the thieves to empty an account. Despite the app not showing private keys or seed phrases.

The scammers probably got malware onto his device ahead of time while they were corresponding.

Stupid in any case.

It had to have something to do with "taking a picture" of the screen. That was an odd enough request that it stood out to the mark. So either information was taken from the image or it was just an excuse to get the phones closer. My guess would be a combination of account info from the image and some type of back door into Trust Wallet.


I think "taking a picture" was a red herring and the scammer needed an excuse to pull out his phone and run some hack that needed to be in proximity to the wallet.

Just because they said they were taking a picture doesn't mean they actually did. That said, it is trivially easy to make a phone app that runs other code.
 
Olympic Trolling Judge
2023-02-08 6:44:40 PM  

Ketchuponsteak: Olympic Trolling Judge: Ketchuponsteak: I understand people are butthurt they didn't make a fortune when they had the chance.

You misunderstand.  We don't begrudge those who won the Powerball.  But we will relentlessly mock those who say Powerball is the future of finance.

"we"? I have a clear feeling that certain people are very butthurt about Bitcoin, if for no other reason that they could have been very rich if they had nade an simple investment rather than mocking people who did.

I don't know which "we" group you belong to, another one that the butthurt one it sounds like.


What's there to be butthurt about?  You're proof enough that "early adoption == lambo" does not obtain.  Most of the people who got in early either got out with modest gains or lost it all, as you did.
 
Ketchuponsteak
2023-02-08 7:14:02 PM  

Olympic Trolling Judge: Ketchuponsteak: Olympic Trolling Judge: Ketchuponsteak: I understand people are butthurt they didn't make a fortune when they had the chance.

You misunderstand.  We don't begrudge those who won the Powerball.  But we will relentlessly mock those who say Powerball is the future of finance.

"we"? I have a clear feeling that certain people are very butthurt about Bitcoin, if for no other reason that they could have been very rich if they had nade an simple investment rather than mocking people who did.

I don't know which "we" group you belong to, another one that the butthurt one it sounds like.

What's there to be butthurt about?  You're proof enough that "early adoption == lambo" does not obtain.  Most of the people who got in early either got out with modest gains or lost it all, as you did.


Well, losing it all kinda implies an investment. I didn't pay anything for the Bitcoins I had. Though I remember when they reached a value of 200USD, and kinda wishing I could sell them at that point. So, 1400USD at the most.

I think people ought to think of it like that, considering at what value they would realisticically have cashed out at, as to not believe they somehow lost out of millions.
 
trialpha
2023-02-08 9:55:29 PM  

leeksfromchichis: Snarcoleptic_Hoosier:

The existence of crypto IS tech failure, even if it works.

It's a scam, but it's a very environmentally costly scam.  They're actively hurting all of us.


Hell, ignore the scams. Look at the "ideal" cryptobro scenario, where bitcoin is adopted as a worldwide currency, uncontrollable by governments, and where all transactions are public knowledge.

This coming to pass would be such an amazingly, mindboggling terrible thing that everyone should be fighting it.
 
leeksfromchichis [TotalFark]
2023-02-08 10:27:32 PM  
trialpha:

Yeah, that ain't ever happening.

 But crypto people buying too many chips and running them to make more scam is hurting the legitimate tech sector, the consumer market, and wasting huge amounts of electricity. That's happening today.

Legalize marijuana, ban crypto, and then use the now unemployed narcs to hunt for server farms by checking power draw.
 
MythDragon [TotalFark]
2023-02-09 1:18:12 AM  
'Also in that case, Riglin was talked into opening his crypto wallet and showing it to the scammers, again to show the "investors" that he had the money to make the deal.'

Well he doesn't anymore.
 
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