Mazdak@lemmy.org to Technology@lemmy.worldEnglish · 10 months agoCrypto exchange Bybit says a hacker took control of one of its cold Ethereum wallets, resulting in what analysts estimate was the loss of ~$1.5B worth of tokenswww.bloomberg.comexternal-linkmessage-square45linkfedilinkarrow-up1250arrow-down11
arrow-up1249arrow-down1external-linkCrypto exchange Bybit says a hacker took control of one of its cold Ethereum wallets, resulting in what analysts estimate was the loss of ~$1.5B worth of tokenswww.bloomberg.comMazdak@lemmy.org to Technology@lemmy.worldEnglish · 10 months agomessage-square45linkfedilink
minus-squaresubversive_dev@lemmy.mllinkfedilinkEnglisharrow-up65arrow-down1·edit-210 months agoMy speculations: “insecure from the start” - as in , the wallet was never that “cold” with that amount of money, it’s easy to imagine an “insider threat” the hackers could have gotten lucky and struck right when the company was doing legitimate operations on the wallet but probably it’s a towering mountain of incompetence, composed of the elements above and more
minus-square🇦🇺𝕄𝕦𝕟𝕥𝕖𝕕𝕔𝕣𝕠𝕔𝕠𝕕𝕚𝕝𝕖@lemm.eelinkfedilinkEnglisharrow-up2·10 months agoRight next to their iq
My speculations:
“insecure from the start” - as in , the wallet was never that “cold”
with that amount of money, it’s easy to imagine an “insider threat”
the hackers could have gotten lucky and struck right when the company was doing legitimate operations on the wallet
but probably it’s a towering mountain of incompetence, composed of the elements above and more
Room temperature wallet
Right next to their iq