Coinapult Claims $40k Lost in Hot Wallet Compromise

[franky1]

why oh why are these companies still using hot wallets!!!

i know of 10 ways to keep priv keys far from a server, yet still offer near-instant transaction times (bar a few milliseconds).

its like amateurs want to find the most inefficient route they can for security, and then use that as the excuse to not secure it.

the only other theory would be that they are paid off to say they were hacked as some way to get negative news into media, as more evidence of the need for crappy regulations.

but ill stick with the theory that lame assed coders do not have a clue how to run data between different systems. thus throwing everything into one less secure location purely for the naive FIATBANK/Titanic belief of too big to fail.

lets hope that people realize that a brand name does not infuse trust of third parties.. but actual security and protections do.

[1714106387]

1714106387

[inBitweTrust]

lets hope that people realize that a brand name does not infuse trust of third parties.. but actual security and protections do.

Yes. Multi-billion dollar corporations like target or sony cannot be trusted to follow the most basic of security precautions like salting their tables properly.  What make anyone assume that a small startup will do better?

Better education and easier to use hardware wallets is the solution.

[franky1]

lets hope that people realize that a brand name does not infuse trust of third parties.. but actual security and protections do.

Yes. Multi-billion dollar corporations like target or sony cannot be trusted to follow the most basic of security precautions like salting their tables properly.  What make anyone assume that a small startup will do better?

Better education and easier to use hardware wallets is the solution.

sony wasnt hacked due to badly salted passwords of individual users. they got to the master server, not through brute forcing individuals.. but yes i agree, in a information age of the internet. companies holding other peoples valuable data/funds do not seem that well informed to secure their customers stuff

[fatguyyyyy]

LOL when will these dumbass exchanges stop running hot wallets?!

[neurotypical]

LOL when will these dumbass exchanges stop running hot wallets?!

I dont know, theres also the possibility that they are doing it on purpose to keep getting away with scamming tons of bitcoin from poor uninformed people.

[inBitweTrust]

sony wasnt hacked due to badly salted passwords of individual users. they got to the master server, not through brute forcing individuals.. but yes i agree, in a information age of the internet. companies holding other peoples valuable data/funds do not seem that well informed to secure their customers stuff

Yes, the salted comment was directed at target, sony has a different set of sloppy mistakes.

[acquafredda]

Please refer to this thread about why you shouldn't trust (too much) third-parties wallets, exchanges, etc.
https://bitcointalk.org/index.php?topic=945881.0

thanks