Post
Topic
Board Exchanges
Merits 1 from 1 user
Re: Major indian exchange gets hacked, 438 bitcoins stolen COINSECURE
by
Lauda
on 15/04/2018, 17:59:19 UTC
⭐ Merited by bill gator (1)
-snip-
Sounds like a pretty bad excuse.or might be pure dumbness.No idea.
Don't be so sure that it isn't outright incompetence/ignorance. You have absolutely no idea how inefficient and insecure the setups are, even of the top exchanges such as Coinbase. This is especially the case with exchanges that list half-centralized and bloated chains such as ETH (generating several million deposit addresses using Core is relatively easy, ETH you can't even sync without fast-sync within reasonable time let alone do something else).

Yup, sounds pretty stupid to claim BTG from an active address.
That should be a common sense thing, but it ain't. Plenty of people did it that way.

As you can see hacker sent all funds to above BTC address then from 2018-04-11 06:00:56 he/she started sending BTC funds to P2SH BTC (Pay to Script Hash addresses are more secure in many ways) addresses and regular BTC addresses starting with letter '1' also.
When you got your degree for 5 bucks in some dodgy alley. Roll Eyes