Ian Balina's wallet has been hacked. Tokens for almost 2 million $ were stolen

[vitruvio]

Is it possible that this is an imposition so as not to pay taxes? sorry if it is not. a lesson for all of us

I think it's posible that he did it for not to pay taxes. Who knows 
But anyway this is a good lesson and reminder to be more careful

[vitruvio]

And then when you think that some people on youtube will even advise you to email to yourself your seed/keys or keep it somewhere in the clud. When something like this happens it doesn't suck, you are fully resposible for not taking the time to do proper research and keep your private keys offline. Heck even if you encrypt and later upload your encrypted keys could have low amount of characters and make it easy for somebpdy else to brute force.

I totaly agree with you. The issue of security is very important. Especially when working with crypto currency

[sourish]

With the global use of internet, and various apps and social media sites etc., people have no clue the risk they are putting themselves to. With everything being password conscious, we live in a false sense of security and trust. That said, crypto private keys to be kept on evernote surpasses a realm of bravado or foolhardiness, is difficult to pinpoint. Sounds unbelievable!

[vitruvio]

https://www.reddit.com/r/CryptoCurrency/comments/8clo9b/ian_balina_hacked/
I think that people like Ian Balina understand security issues and do not leave their private keys. And still it happens. You have to be very careful

Do you believe on this story?
He he IBM technical guy and I guess he know and understand more than many other people in this crypto world about securiy
how can he store his private key on Evernote? lol that's nonsense and smell fishy.
i'm not anti fan of this guy but with huge money like that do you just use only MEW with private key? lol
with my 5 cents ideas that he's lying to avoid taxes

Yes it may be that all this is done in order not to pay taxes. And that in the country of Ian Crypto-currency is taxed?

[vitruvio]

It is very unfortunate that such situations happen, people just start investing, and such news discourages all the desire to communicate with the crypto currency

Just think about security be more careful check the place for  private keys  and everything will be fine

[vitruvio]

With the global use of internet, and various apps and social media sites etc., people have no clue the risk they are putting themselves to. With everything being password conscious, we live in a false sense of security and trust. That said, crypto private keys to be kept on evernote surpasses a realm of bravado or foolhardiness, is difficult to pinpoint. Sounds unbelievable!

If a history of theft of money is true I feel for him
But I will not surprised if this version is boolshit

[Kryten12]

That is a very expensive lesson to have learned even if he got alot of those tokens for consulting on ICO rather than straight investments. Will it damage his reputation and fees as an advisor though going forward? Sage lesson for us all that you need to take strong measures to guard the passwords and keys for your wallet accounts.

Be safe everyone!

[rommelzkie]

The hack happened to Ian Balina is something fishy. This is because the US Tax on Crypto is already Due this month of April. Maybe he just want to lessen his tax payments on crypto thats why this hack happened.

[target]

That's the most tragic that could ever happen to anyone holding that much money in a wallet key that has been exposed. Why did he ever keep his passwords on an online platform.  Keeping password offline is also something that can be forgotten why is why I'm also not confident to it, like bringing a usb where passwords are stores. I could lost that USB as well which is worse. Feel sorry for him.

[vitruvio]

That's the most tragic that could ever happen to anyone holding that much money in a wallet key that has been exposed. Why did he ever keep his passwords on an online platform.  Keeping password offline is also something that can be forgotten why is why I'm also not confident to it, like bringing a usb where passwords are stores. I could lost that USB as well which is worse. Feel sorry for him.

Yes if this is story is true I feel sorry for him too.
Anyway this is true or not we need to be more careful

[vitruvio]

The hack happened to Ian Balina is something fishy. This is because the US Tax on Crypto is already Due this month of April. Maybe he just want to lessen his tax payments on crypto thats why this hack happened.

Maybe so. And that since April, the currency is taxed? And what kind of activities have taxes been introduced?
I didn't know about this.

[btc-facebook]

That's the most tragic that could ever happen to anyone holding that much money in a wallet key that has been exposed. Why did he ever keep his passwords on an online platform.  Keeping password offline is also something that can be forgotten why is why I'm also not confident to it, like bringing a usb where passwords are stores. I could lost that USB as well which is worse. Feel sorry for him.

So if you said that online and offline do not secure, which one safer ?
Personally, I save my password on archieve , somewhere online so I can access it in anytime and everyone I can and this platform was the most trusted and known service so the possibility to shut down, almost 0%

[vitruvio]

That is a very expensive lesson to have learned even if he got alot of those tokens for consulting on ICO rather than straight investments. Will it damage his reputation and fees as an advisor though going forward? Sage lesson for us all that you need to take strong measures to guard the passwords and keys for your wallet accounts.

Be safe everyone!

I don't think that this situation will damage his reputation because he is not security adviser but will see

[vitruvio]

That's the most tragic that could ever happen to anyone holding that much money in a wallet key that has been exposed. Why did he ever keep his passwords on an online platform.  Keeping password offline is also something that can be forgotten why is why I'm also not confident to it, like bringing a usb where passwords are stores. I could lost that USB as well which is worse. Feel sorry for him.

So if you said that online and offline do not secure, which one safer ?
Personally, I save my password on archieve , somewhere online so I can access it in anytime and everyone I can and this platform was the most trusted and known service so the possibility to shut down, almost 0%

Of course offline is more safely.
Write a private key on paper, put paper in the safe, drown in the Mariana cavity 

[vitruvio]

With the global use of internet, and various apps and social media sites etc., people have no clue the risk they are putting themselves to. With everything being password conscious, we live in a false sense of security and trust. That said, crypto private keys to be kept on evernote surpasses a realm of bravado or foolhardiness, is difficult to pinpoint. Sounds unbelievable!

there is a version that the whole story is fake and Ian is simply bent on paying taxes.
This is a believable version, but I did not know that in the US, crypto-currency activity is taxed

[krauzzer02]

Must store all of the seed and private keys on a cold storage device that never been touched by the connection of the internet nor exposed to it, it's pretty easy to backup all wallets away from hot storage devices, hackers can always find their own way to your wallet even if the storage is encrypted as long as it is not restricted to the connection outside unless the criminals are physically present on the location of the storage it is almost impossible to hack someone offline even if the device has some injections of viruses.

[Mashadarty1]

It is very unfortunate that such situations happen, people just start investing, and such news discourages all the desire to communicate with the crypto currency