Ukraine - man arrested for stealing bitcoins and altcoins

[Johnzky]

Stealing money for hes stupid vices,this man should be firing squad lol

But this is the best example that people here in crypto must learn the importance of 2fa and we must be aware of the possibilities of happening this same stealing from us

Thats why i never did put all my assets in crypto with single safety instead I scattered them all from different apps

[hatshepsut93]

I have to say the following:

When someone goes to work somewhere where they will be responsible for other people's data and will be responsible for the safety of other people, that person must be someone honest and very professional. The company must supervise and audit its accounts and its workers so that it is seen that everything is well. I know people should also be careful, but let's give an example:

Imagine that someone does day trade in some exchange, the price does not choose time to rise or time to fall, so people become obligated and leave their coins in the exchanges. It is the duty of the exchange to protect the currencies of its customers, as well as the duty of a bank to protect people's money. If an exchange does not have the competence to guarantee the security of the people's currencies, then those exchanges must tell their customers that their clients must withdraw their funds and the exchange must close its operations

Not only they need to supervise, they also should design their system to be more robust against inside jobs. Like, does a tech support really need the ability to change someone's reset email? I can imagine hackers impersonating users to trick even honest tech support workers into giving them access.

[AAKODI]

Source (in Ukrainian): http://mvs.gov.ua/ua/news/18175_Kiberpoliciya_vikrila_cholovika_u_vikradenni_elektronnih_koshtiv_z_kriptogamanciv.htm

My short summary:

The suspect worked in some unnamed crypto exchange based in Britain as tech support worker. He was targeting accounts of inactive users without 2FA installed, he was changing or adding recovery emails to those accounts, which allowed him to reset passwords and steal all user balance. The police estimates that he stole 720,000 UAH this way (~26,000 USD). The suspect was spending stolen money on gambling.

This should be yet another reminder to never store coins online for long term, and always use strong 2FA on your account and your email.

Great evidence to understand that our on line crypto storages are no longer safe and this should be considered as significant because majority of people don't use hardware wallets and most tends to store there cryptocurrencies in on line sites or in exchanges which is know to be very common but these exchanges often gets hacked by hackers so at the end holders loose there both money and time

[veleten]

this guy spent all of the money playing rigged ukrainian online casinos
I have no pity for him, he must be retarded
I wonder how in hell this ineffective cyberpolice managed to bust him, must have recieved a signal from their british colleagues
one more lesson: do not store your coins at an exchange
always transer them back to a cold storage after you finished trading

[Bitcoindigger02]

Bitcoin exists on the Internet, and there is no central bank to help you keep accounts. At the core, Bitcoin is based on cryptography. You have to rely on your own secret key to get money.

Each person has a unique key string. In fact, it is the only string in the whole world and universe.

Bitcoin networks only recognize "secret keys" and do not recognize people. The system does not have a phone number to retrieve, nor does it bind to an ID card.

So, when bitcoin is stolen, the secret key is actually stolen. After the hacker successfully attacked, the user's secret key was stolen.

Then use the user's password to transfer the user's bitcoin to his pocket.

So the question arises, how can a good secret key be stolen by hackers? Who should take the responsibility for losing the secret key?

First of all, it depends on who keeps the secret key. The custodian has a disadvantageous custody and loses the secret key. Naturally, it is the custodian's responsibility.

In general, the personal computer is attacked by hackers and the secret key is lost, which can only be considered unfortunate. Therefore, we are required to strengthen personal safety awareness.

[avikz]

Bitcoin exists on the Internet, and there is no central bank to help you keep accounts. At the core, Bitcoin is based on cryptography. You have to rely on your own secret key to get money.

Each person has a unique key string. In fact, it is the only string in the whole world and universe.

Bitcoin networks only recognize "secret keys" and do not recognize people. The system does not have a phone number to retrieve, nor does it bind to an ID card.

So, when bitcoin is stolen, the secret key is actually stolen. After the hacker successfully attacked, the user's secret key was stolen.

Then use the user's password to transfer the user's bitcoin to his pocket.

So the question arises, how can a good secret key be stolen by hackers? Who should take the responsibility for losing the secret key?

First of all, it depends on who keeps the secret key. The custodian has a disadvantageous custody and loses the secret key. Naturally, it is the custodian's responsibility.

In general, the personal computer is attacked by hackers and the secret key is lost, which can only be considered unfortunate. Therefore, we are required to strengthen personal safety awareness.

Have you read through the news and the nature of fraud that happened or you just want to share your knowledge about the cryptograpy without knowing the nature of the fraud?? The nature of fraud being discussed here has no relation with cryptography and can be applied to your bank account as well to siphon out the funds. Please read the thread first!

[kelz1]

This is a great case for 2fa because scammers can be internal so all they need to do is reset your password and they can empty your account

[kucritt]

wow, its very bad news, we should know that the exchanger is not 100% safe, you should see that there are many bad people will steal because they see the value of the money. so my advice is dont save all of your money and cryptocurrency on 1 exchanger, you can try use many exchanger and wallet to prevent this thing happen

[pawanjain]

It's sad to know that the people lost their money because of this thief. It's funny to know that he thought he could get away so easily.
This proves that hackers are not the only ones who are keeping an eye on us. There are others as well who wait for the right time to steal your money.
It's better to be careful and use all the security measures to keep our money safe. A little irresponsibility could lead us loosing all our money.

[bestiya]

If the cryptocurrency in Ukraine is not recognized as a payment instrument, according to Ukrainian legislation, it is not correct to call it “кoшти”. The same applies to the "oбмiнники", or am I wrong?

[cryptomaster420]

Source (in Ukrainian): http://mvs.gov.ua/ua/news/18175_Kiberpoliciya_vikrila_cholovika_u_vikradenni_elektronnih_koshtiv_z_kriptogamanciv.htm

My short summary:

The suspect worked in some unnamed crypto exchange based in Britain as tech support worker. He was targeting accounts of inactive users without 2FA installed, he was changing or adding recovery emails to those accounts, which allowed him to reset passwords and steal all user balance. The police estimates that he stole 720,000 UAH this way (~26,000 USD). The suspect was spending stolen money on gambling.

This should be yet another reminder to never store coins online for long term, and always use strong 2FA on your account and your email.

Good job by the authorities, but this dude can still leave jail with the money he stole if he hid it well - and there's nothing governments can do to return it to its rightful owners.
So make sure you always follow the best security practices!

[Viceroy]

In this story what surprises me most of all is the fact that having such brain, he spent on gambling! He might have joined some crypto project easily!

[Eildosa]

I don't know how many thefts have to happen for people to start thinking about the safety of their funds. But it is good that this man was arrested.

[hatshepsut93]

In this story what surprises me most of all is the fact that having such brain, he spent on gambling! He might have joined some crypto project easily!

It doesn't take much intelligence to simply alter a database that you have direct access to. After all, he got caught, while a smart thief would leave no tracks.

If the cryptocurrency in Ukraine is not recognized as a payment instrument, according to Ukrainian legislation, it is not correct to call it “кoшти”. The same applies to the "oбмiнники", or am I wrong?

An interesting question, I did some googling and it turns out that in the last year Bitcoin ceased to be a "money surrogate" according to the National Bank. This doesn't mean that Bitcoin is legal, but it also stopped being "shady".

[Davidovic]

To my mind, in a crypto realm, we don't have an opportunity to rely on anybody in this realm. So, don't store coins on exchanges, use cold wallets and don't share any information regarding your passwords.

[Vaskiy]

When something becomes more expensive, automatically there will be more emergence of hackers. These hackers will be completely focused on the way to enter into someone's wallet and get the funds out of the same. Though it is quite a hard thing, the lack of security enabling by users make them enter the wallet without much trouble.

[HatakeKakashi]

He arrested last few months ago and that is consequences of they things they do. This means the team of the exchanges site will not trust 100 percent because that happen. Look like inside job. Setting 2FA is good because it can help to secure your account in exchanges site so if you don't set up just visit your exchanges site and set up 2FA. This means also we cannot trust even we know the person.

[kaya11]

I have coins all over the exchanges, kucoin,bittrex,hitbtc. They were a total of $2k when I bought them since 2017. Now I am having a problem as my phone broke and the 2fa is not usable anymore. Hope this man did not get my coins there. Now I am contacting customer support to disable it and re-log in with another 2fa.

[xvids]

Source (in Ukrainian): http://mvs.gov.ua/ua/news/18175_Kiberpoliciya_vikrila_cholovika_u_vikradenni_elektronnih_koshtiv_z_kriptogamanciv.htm

My short summary:

The suspect worked in some unnamed crypto exchange based in Britain as tech support worker. He was targeting accounts of inactive users without 2FA installed, he was changing or adding recovery emails to those accounts, which allowed him to reset passwords and steal all user balance. The police estimates that he stole 720,000 UAH this way (~26,000 USD). The suspect was spending stolen money on gambling.

This should be yet another reminder to never store coins online for long term, and always use strong 2FA on your account and your email.

Well this should be a lesson that if you want to just store your crypto for a long term then don't trust the exchanges.
This is the reason why we have to keep our own funds in our own wallet.
There are ao many wallet that we could use why should we leave it at an exchange for a long time?

[xabre]

Nice law of Ukraine want to arrested people have stealing bitcoin and altcoin, will be more positive news for bitcoin could be legal transaction if have law and justice with bitcoin criminal and your asset will be safety.