Quote from: Kryptowerk on Today at 01:46:17 AM

That's just terrible news.
Sure, anyone storing massive amounts of value in a mobile wallet is always taking a high risk and already made the first mistake here.
Still, this usually hits crypto-newbies the hardest. Couldn't find anything, is there an approximate number of how many people are affected?

Will be interesting to see if this turns out to be an inside job or if it was "just" a bug exploited by someone. Many questions here, how and who...

And don't forget the why....
If they got the report on Tuesday and were hacked on Friday then you can accept that they did not have time to fix the issues.
But when they have had it for so long it comes down to was the coding that bad? Were the issues buried so deep that they had to rebuild from scratch? Do they only have 1 programmer and they were working as fast as they could?

Quote from: o_e_l_e_o on Today at 07:47:04 AM

Quote from: BlackHatCoiner on June 04, 2023, 01:12:53 PM

Why do people choose to not use reputable, open-source software when it comes to their life savings? I mean, you seriously don't think it's a good idea to spend an hour or two extra, to ensure you won't just let a stranger ruin your life?

I mean, if you are dumping $45,000 in to a centralized, absolute shitcoin like XRP, then you probably aren't doing much in the way of research. Tongue

...

People invest in a lot of things that may or may not be smart to do. That does not mean they are not paying attention to other things.
If you looked at my shitcoin portfolio you would question my sanity. BUT and this is important Dave's left testicle coin currently trading at $0.02 can probably bounce to $0.10 more easily then BTC going from where it is now at $26800 all the way to $130000. Putting your entire life savings into something like XRP / Dave's testicle coin is just stupid. But if you have $50000 to gamble putting $10000 into 5 coins and hoping for the win is not a totally horrible thing. IF YOU CAN AFFORD TO LOOSE IT ALL I have some penny / dollar stocks I have bought over my 30 years of playing the markets. MOST have died. The few that made it more then 10x covered the losses of the others. So while people looked at me as asked why I invested in X I can then point to Y & Z and say those 2 more then covered it.

-Dave