The site owner can just record all the pass phrase type on their website.
Yup... This is why you should have a different pw for every site/exchange/etc.
Doubt he was. but if you have a virus you're screwed anyway.
Real cold storage = computer never online. Don't know if people
are ignorant of that, keep forgetting that, can't seem to bother,
or "think it will never happen to them". Cold storage, people.
COLD STORAGE!
Ask 1000 random people in a mall what cold storage is... and I guess 0 to 1 will have a clue what it roughly means. Among actual owners of BTC I guess a large proportion are uncertain about all the details in creating perfect cold storage.
This is a case of - once we know how, it seems so simple, but for someone who doesn't know it is so far from anything we have done before that we cannot even imagine what it is or how it would be done.