Crypto whales hacked, lost $15M BTC and $30M BCH

[Baofeng]

https://twitter.com/DoveyWan/status/1231073856669933569

He was reported to be the owner of https://bitcoinbuilder.com/ and the attack vector is SIM hacked.
I really don't know what to say, BTC is already on the move and have been split already. He claim to be a security expert  .

RIP BTC and BCH. Very very expensive lessons to learnt.

https://explorer.bitcoin.com/btc/address/1Edu4yBtfAKwGGsQSa45euTSAG6A2Zbone

[pakhitheboss]

https://twitter.com/DoveyWan/status/1231073856669933569

He was reported to be the owner of https://bitcoinbuilder.com/ and the attack vector is SIM hacked.
I really don't know what to say, BTC is already on the move and have been split already. He claim to be a security expert  .

RIP BTC and BCH. Very very expensive lessons to learnt.

https://explorer.bitcoin.com/btc/address/1Edu4yBtfAKwGGsQSa45euTSAG6A2Zbone

That is a very bad news for the market. This news might affect the price of Bitcoin. I am amazed by the increasing number of attacks by hackers now day. It has become so common.

This can be an insider's job, if you look into the amount that was stolen.

[passwordnow]

Another sim hacked? this is huge and I don't know what to say either if ever I'm on that situation.
Can an expert explain how did the hacker got his funds?

He claim to be a security expert  .

He's not expert, since it's not first time according to https://steemit.com/bitcoin/@hacker0/how-i-hacked-hundreds-of-bitcoins-ama

This is great, I'm reading the article now and his website was mentioned there. Thanks!

[lepbagong]

Obviously reading something like this is a concern that can still happen again and the value is quite fantastic. is it just because of negligence? I don't feel that until there is definitely something else not yet known. hopefully it can be revealed.

[Debonaire217]

I quite wonder if only the whales encountered this kind of hacking losing too much on their funds? Because if it is not, then it should create a massive news concerning flaws to the system they are using, and if and only whales are the ones being affected by these kind of hacking then it is quite possible that the owner of the address is already a long term target of the hacker, and the flaws and responsibility is not from the hacker but also from the owner who doesn't take good care of his/her account very well.

So another lesson to be learned from this thread is that, depending on how big amount of funds you have, you should also have stronger security to improve and develop such as using different security features provided by the platforms, and utilizing hardware wallets.

[Bttzed03]

It's hard to believe stories like this. It could have been staged by the owner to run away from obligations (i.e. taxes). Who would really store a huge amount on their mobile phone? And to say that he is a security expert makes it even worse. If it were true, did he really asked for the miners to rollback?

[bitbunnny]

If it's true, then it's a concerning news.
Hackers attacks happen all the time, we know that, however this is a huge amount of Bitcoin and consequences could be larger.
This cass also shows that people don't care enough about security and awarness about security meassures is too low. To keep such amount of coins at just one place is really reckless decision.

[bhabygrim]

We are near on halving and this is a very sad one for the owner.
This might also affect the price since the hacker could dump it all.
But what if this was just stage? To create FUD and start the dump?

[Jating]

We really don't know if this is really true, if it is, then that is a huge lost for him.

So his wallet is on the phone? Definitely he is not an expert, Lmao. Seriously though, this is another black eye news for crypto enthusiast, just by looking at the amount that guy lost it's really disheartening.

Another good lesson for those who have tons of crypto's around, invest on a hardware wallet.

[NotATether]

Obviously reading something like this is a concern that can still happen again and the value is quite fantastic. is it just because of negligence? I don't feel that until there is definitely something else not yet known. hopefully it can be revealed.

So, it turns out there are whales that don't bother to take basic measures to protect their own money. That much money should have been stored in a hardware wallet or airgapped computer not somewhere connected to the internet. There are a few hacking programs that make it easy for novices who know almost nothing about hacking to hack into things. I saw a port scanner a few weeks ago that performs different exploits depending on the protocol it finds and there's that Havij thing the hacker talked about in his Steemit post. There was even a computer virus called Zeus that was easy for anyone with little hacking knowledge to operate and it took several law enforcement agencies to shut down that network.

Moral of all this is to hide your money, because anybody with a little hacking knowledge can steal it.

[Janation]

We are near on halving and this is a very sad one for the owner.
This might also affect the price since the hacker could dump it all.
But what if this was just stage? To create FUD and start the dump?

It is said that it is not the first time so we can say that this is not what you're thinking.

I am not a professional at all but I think we shoukd really be careful in these things. You should read this link, it is amazing.

He claim to be a security expert  .

He's not expert, since it's not first time according to https://steemit.com/bitcoin/@hacker0/how-i-hacked-hundreds-of-bitcoins-ama

[Wind_FURY]

"He's now asking help from miners".

A mutable blockchain is simply a ledger. A miner that would allow to reverse the transaction somehow, would risk being forked off the network, if not, he would be risking the value-proposition of what he's mining.

[hatshepsut93]

How dumb do you have to be to store $45M on exchange and not take all possible measures to protect your online accounts? I'd also blame the exchange here for allowing to withdraw such large sums without triggering any safeguards. People like to complain about banks requesting additional checks for large transactions, but they make things like this hard if not impossible.

[gentlemand]

A mutable blockchain is simply a ledger. A miner that would allow to reverse the transaction somehow, would risk being forked off the network, if not, he would be risking the value-proposition of what he's mining.

But I'll bet for the right people BCH and BSV would do it. All it would take is one phone call to the one miner.

Other than that what type of whale has any money riding on sim card? No matter who you are you should at least know that's not a great idea.

[murat131]

SIM is the worst method of auth

[davis196]

That is a very bad news for the market. This news might affect the price of Bitcoin. I am amazed by the increasing number of attacks by hackers now day. It has become so common.

This can be an insider's job, if you look into the amount that was stolen.

I don't see an "increasing number" of hacker attacks.Such attacks are a constant threat for the last 6 years and hackers are only getting better at finding weak spots in the security systems.This is a never ending battle.Perhaps the amount of hacker attacks goes up a little bit,because of the BTC bullish price trend,but this is not a significant amount(and there's no exact data about all hacker attacks that are reported).
However,how the hell can someone HODL such large amounts of BTC and BCH on one place?This is really stupid move.I agree that it's most likely an insider's job.

[Docnaster]

Keeping such a large amount of BTC on sim is very dangerous but still having this huge loss is crazy.

What I'm not sure here is how are the miners able to help with this, what type of service one could offer in an effort to recuperate this huge loss? Pls share your thoughts on this.

Also, I hope this ends up well!
 

[White Christmas]

Keeping such a large amount of BTC on sim is very dangerous but still having this huge loss is crazy.

What I'm not sure here is how are the miners able to help with this, what type of service one could offer in an effort to recuperate this huge loss? Pls share your thoughts on this.

Also, I hope this ends up well!

Losing that kind of btc and bch was the one who is getting dangerous and mind-blowing especially that he is also a big whale from China who is kind of manipulating the market sometimes. The thing is I don't know what would be the connect of the miners or what kind of help can the miners give to the big whale ho lose a lot of bch and btc? That was the question and why is he asking the help of it because if that's the case then probably crypto enthusiast will be the one to contact first to verify and check the security of it.

[rdluffy]

I already suffered a SIM hack and lost some cash money , but in my bank, nothing related to cryptos, it was not a huge amount, half of my montly payment of regular job, but I was desperated, and in the end I receive my money back from bank
But with cryptos you don't have anyone to blame or to go to the police (you can, but almost impossible to recover your money)

After that I splited all my money and cryptos in lot ways, cold wallet, exchange, mobile etc, and with different passwords, different ways to access, to prevent lose everything like this person

[Kakmakr]

I feel for this person.... I was a victim of a SIM Hack on my online Banking and I lost a lot of money. It took years to pay back the money that the person stole <shifting money from my bond into the debit account and withdrawing that too> 

That was one of the reasons why I researched alternative payment options, because I realised that syndicates within the Bank was working with people from outside to steal people's money and there is nothing that you can do about it. The Banks NEVER accept responsibility for so-called hacks like this and they always put the blame on you.

Now, you take full responsibility for hacks... and you are in the same situation that you would have been, if your money was stolen in your Bank account. 

The miners are definitely not going to help this person... but I think the poor person is desperate ...so he or she is trying everything to get it back.