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Loopring's "most secure" wallet hacked for at least $5M
- TheAmazingRace 2y agoFrom the post: "Loopring announced that they had suspended their account recovery operations, and were working with law enforcement to trace the attackers." I find it hilarious that they want to use the power of the state to track down the thieves. I thought code is law? I say finders keepers.
- nytesky 2y agoThis has always been a befuddlement on my part about keeping large quantities of wealth essentially safeguarded by a single password and account combo which you then store in random after market wallets. Weakest link and all that. I admired the etched into aluminum ingot approach, but laboriously typing in the pass phrase seemed ludicrous for “currency”, and the risk of losing this one priceless token was like having all your wealth in gold bars.