anyway, I am curious, I haven't really read up on the atomic wallet hack, but how was it really hacked? I mean, did the hackers find a vulnerability in their system(or something) that gave them access to a bunch of atomic wallets or what?
They keep dodging the bullet whenever they are asked about this, claiming that they are investigation, but the hack could be arsing from a vulnerability in the wallet software or perhaps an insider job.
The question is, will the atomic wallet users get their money back because just a portion of that fund is traced to a mixer what about those that have been filtered into various other coins and currencies, I guest there is no form of insurance to cover this and is going to take a long time and process trying to get the mixed bitcoin back even if the mixers the hackers used is cracked down which is not something that can easily come by.
They have 2 full paragraphs about this in their
terms of service, and they are even in UPPER CASE
. It will be interesting to see how they will handle this issue.
7. Limitation of Liability
IN NO EVENT WILL ATOMIC WALLET BE LIABLE TO YOU FOR: ANY LOST PROFITS, REVENUE OR DATA, INDIRECT, INCIDENTAL, SPECIAL, OR CONSEQUENTIAL DAMAGES, OR DAMAGES OR COSTS DUE TO LOSS OF PRODUCTION OR USE, BUSINESS INTERRUPTION, OR PROCUREMENT OF SUBSTITUTE GOODS OR SERVICES ARISING OUT OF OR IN CONNECTION WITH THE SERVICES, WHETHER OR NOT ATOMIC WALLET HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, AND REGARDLESS OF THE THEORY OF LIABILITY ASSERTED, WHICH HAVE RESULTED FROM:
(I) YOUR USE OF, OR CONDUCT IN CONNECTION WITH, OUR SERVICES;
(II) ANY UNAUTHORIZED USE OF YOUR WALLET ADDRESS AND/OR PRIVATE KEY DUE TO YOUR FAILURE TO MAINTAIN THE CONFIDENTIALITY OF YOUR WALLET;
(III) ANY INTERRUPTION OR CESSATION OF TRANSMISSION TO OR FROM THE SERVICES; OR
IV) ANY BUGS, VIRUSES, TROJAN HORSES, OR THE LIKE THAT ARE FOUND IN THE ATOMIC WALLET SOFTWARE OR THAT MAY BE TRANSMITTED TO OR THROUGH OUR SERVICES BY ANY THIRD PARTY (REGARDLESS OF THE SOURCE OF ORIGINATION).
8. Cap on Liability.
UNDER NO CIRCUMSTANCES WILL ATOMIC WALLET BE LIABLE TO YOU FOR DAMAGES ARISING OUT OF THE SERVICES EXCEEDING $50.
Didn't you read the article?
Of course i read it even before today, you think I am dumb enough to comment without reading?
It clearly said that Sinbad was involved in the laundering of millions of dollars for the hacker group.
This is why I exactly gave you the example of the dollar but looks like you don't even get any point. If Sinbad
was involved in the
laundering of millions of dollars for the hacker group. Then shouldn't you be crucifying your glorious financial institutions, fiat currencies as well that have "facilitated" money laundering for decades?
Besides, Bestmixer was seized, Bitblender stopped operation, Chipmixer was seized. Did any signature participant here die or suffer damages as a result?
You make it look like it's going to be some sort of dooms day, lol. I guess according to you, they must be shitting in their pants right now.
Why would I have a mixed feelings with the dollar? It's not the currency that I use although I know how influential it is to my local currency.
Bingo
The way I see it, they're difference is that there's a way to trace the dollar if it's laundered compared to a mixer.
The point is it has been used to launder money before, and it's still being used to this date. How do you think corrupt leaders, Rebels, terrorist move their money in and from fragile states to offshore accounts and Shell corporations?
Don't act big just because I have mixed feelings about mixers by mentioning something unrelated to the topic.
If you don't understand anything. There is no need to feel bad about it.