Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: R_Block on November 21, 2017, 10:34:47 AM



Title: Elaborate Scams through Hacks
Post by: R_Block on November 21, 2017, 10:34:47 AM
Hi all I am increasingly being frustrated at the number of hacks popping for Cryptoprojects. With Mt Gox CEO's still being allowed to keep millions from his company and Thether, Parity,etc losing their money. I wonder how easy it might be to collude with someone to swindle people out of their money claiming that "oh there was a hack...". 


https://news.bitcoin.com/winner-mt-gox-trial-mark-karpeles/
https://tether.to/tether-critical-announcement/
https://www.theregister.co.uk/2017/11/10/parity_280m_ethereum_wallet_lockdown_hack/


Title: Re: Elaborate Scams through Hacks
Post by: Colorblind on November 21, 2017, 02:39:38 PM
ethereum lockdown funds wasn't really a "hack". This was poorly executed testing of vulnerability.

I agree with the other statements though. However big time hacks and steals are nothing new in crypto I can remember number of 1000+ BTC hacks/scams from the top of my head. Irreversibility attracts all type of fraudsters.