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This sort of thing happens all the time. Hackers routinely attack web sites and change wallet addresses [1]. They setup fake Twitter accounts, fake web sites, m
by dnomad 8y ago
This sort of thing happens all the time. Hackers routinely attack web sites and change wallet addresses [1]. They setup fake Twitter accounts, fake web sites, muck up exchanges with fake listings, and in some cases even hold fake investor meetings. By some estimates hackers have stolen $400m from ICOs [2]. All of this nonsense is possible precisely because crypto transactions are irreversible so the currency users have absolutely no recourse.
[1] https://www.cnbc.com/2017/07/17/coindash-website-hacked-7-million-stolen-in-ico.html https://www.cnbc.com/2017/07/17/coindash-website-hacked-7-mi...
[2] http://fortune.com/2018/01/22/ico-2018-coin-bitcoin-hack/ http://fortune.com/2018/01/22/ico-2018-coin-bitcoin-hack/
- dmurray 8y agoYes, cryptocurrency institutions get hacked and their customers lose money (more often proportionately, it seems, than their dollar equivalents). I was replying, however, to the ill-founded claim that people lose money by mistyping a single wrong letter in a bitcoin address.