Post
Topic
Board Beginners & Help
Merits 4 from 2 users
Re: Riddles and Brain-Teasers for Bitcointalk Members (Newbies – Members)
by
Marvelman
on 18/03/2021, 20:54:45 UTC
⭐ Merited by Pmalek (2) ,o_e_l_e_o (2)
What happened here, and how did Tom lose his bitcoin?
What did he do wrong, and how should he have acted?   


This is an easy one. I believe Tom didn't do a research of a website he found on Google and ended up on a fake Electrum website where he downloaded a hacked version of the Electrum software wallet. The moment he got the coins from the exchange, the wallet made a new transaction and sent the funds to the thieves.

How was he supposed to act? Perform a thorough evaluation of the website from which you will be downloading the new software. Learn how to recognize a fake website and never download Electrum from another source than electrum.org. When it comes to software wallets, it's also a good idea to learn how to check GPG signatures.