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Tiny Things Matter – The Story of a Stellar Lumens Exploit
- Scoundreller 8y agoI'm surprised nobody created a Crypto-Jeopardy yet.
- paulpauper 8y agoIt's amazing the ingenuity you see from hackers when money is at stake, especially something like crypto currency where there is no way to get it back
- atomical 8y agoThere sometimes is a way to get it back though. If the hacker tries to cash out through an exchange he may be caught.
- paulpauper 8y agoas far as i know the recovery rate for stolen crypoto currencies is zero
- nindwen 8y agohttps://spectrum.ieee.org/tech-talk/telecom/internet/ethereum-blockchain-forks-to-return-stolen-funds https://spectrum.ieee.org/tech-talk/telecom/internet/ethereu... There have been other similar cases.
- Scoundreller 8y agoExchanges have sometimes protected users from their exchange hacks. With varying success. And wasn’t there a hard fork rollback for DAO?
- atomical 8y agoThe FBI has seized Bitcoin a few times. It's likely that stolen cryptocurrency will be recovered in the future because of chain analysis and exchanges like Coinbase that want to score points with regulators. https://www.forbes.com/sites/kashmirhill/2013/10/04/fbi-silk-road-bitcoin-seizure/ https://www.forbes.com/sites/kashmirhill/2013/10/04/fbi-silk...
- paulpauper 8y agothat was a huge exceptional case. most thefts are smaller and don't attract much attention. anyone who is smart enough to steal a lot of coin is not gonna dump them on coinbase. They are more likely slowly tumble them and sell them offline or on small exchanges.
- atomical 8y agoSmall thefts of crypto are compareable to small theft of cash in the real world?
- beaner 8y agoOr if the devs decide to just hard fork the money back.
- bearmcbearsly 8y agoSerious question: is it illegal to exploit a cryptocurrency flaw for profit (strictly at the protocol level -- not hacking someone's machine or wallet, etc.)?