Post
Topic
Board Altcoin Discussion
Re: IOTA - Thousands of Wallets Compromised and Funds Stolen
by
MadMac
on 22/01/2018, 10:04:29 UTC
You were unprepared and that is your fault and your fault only.
It's clear you are an IOTA fanboy and can not stand any criticism, people like you get personal as you did a couple of times in this discussion.

Let me repeat it again, it is a major design flaw in IOTAs client as there are absolutely no measures for authorization. It is not the fault of the user, it is a disastrous design. There are 3 A's in information security:

Authentication (that's the seed)
Accounting (that's your balance and history)
Authorization => they did not implement this at all. It should at least be password protected at bare minimum.