Crypto user loses $282M in one of the largest social engineering crypto heists

https://cointelegraph.com/news/crypto-user-loses-282m-bitcoin-litecoin-social-engineering-attack

10 Comments

  1. Sothisismylifehuh on

    Had $282 million but is still clueless and willing to just handover his seed phrase….

    What am I doing wrong 😂

  2. Sadly online heists won’t make for entertaining movies like bank heists… we’d have a ton of material.

  3. RealLilacCrayon on

    This person held 2 million LTC, 1459 BTC but was dumb enough to reveal seed phrase.

    Makes no sense.

  4. Never give your seed phrase to anyone.
    Not your best friend.
    Not your mom.
    Not the support team that “needs it to fix your wallet”.
    Not even the devil himself if he’s standing there promising to end you unless you hand it over.
    Your seed phrase = your entire fortune.
    You give it away, you lose everything. No take-backs, no customer service, no do-overs.
    Guard it like your life depends on it—because it basically does.

  5. It’s FUD. All the enemas are trying to purge Monero.

    Real reason is known by me: ZCash investors turned to XMR because ZCash devs have officially renounced their beliefs in Electric BlaBLaBla Organisation that officially owns all the ZCash technology and blockchain (hasta la vista decentralisation).

  6. After Roger Ver got prosecuted for selling his bitcoin, I wouldn’t be surprised to hear of more “stolen seed phrases”. The most likely candidate to do this would be if the cost basis of the bitcoin is really low. In this article, the person bought the btc in 2017.

    I can understand a new buyer of bitcoin possibly getting tricked into revealing their seed phrase. Not a savvy old school buyer though.