Re:Tiny Things Matter – The Story of a Stellar Lumens Exploit
by paulpauper on Saturday December 29, 2018 @11:01AM
(#18784159)
It'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
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Re:Tiny Things Matter – The Story of a Stellar Lumens Exploit
by atomical on Saturday December 29, 2018 @11:18AM
(#18784235)
There sometimes is a way to get it back though. If the hacker tries to cash out through an exchange he may be caught.
Re:Tiny Things Matter – The Story of a Stellar Lumens Exploit
by bearmcbearsly on Saturday December 29, 2018 @04:21PM
(#18785774)
Serious question: is it illegal to exploit a cryptocurrency flaw for profit (strictly at the protocol level -- not hacking someone's machine or wallet, etc.)?
Re:Tiny Things Matter – The Story of a Stellar Lumens Exploit
by beaner on Saturday December 29, 2018 @03:05PM
(#18785414)
Or if the devs decide to just hard fork the money back.
Re:Tiny Things Matter – The Story of a Stellar Lumens Exploit
by paulpauper on Saturday December 29, 2018 @11:37AM
(#18784340)
as far as i know the recovery rate for stolen crypoto currencies is zero
Re:Tiny Things Matter – The Story of a Stellar Lumens Exploit
by atomical on Saturday December 29, 2018 @01:32PM
(#18784981)
The 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...
Re:Tiny Things Matter – The Story of a Stellar Lumens Exploit
by paulpauper on Saturday December 29, 2018 @03:05PM
(#18785408)
that 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.
Re:Tiny Things Matter – The Story of a Stellar Lumens Exploit
by atomical on Sunday December 30, 2018 @05:42AM
(#18788491)
Small thefts of crypto are compareable to small theft of cash in the real world?
Re:Tiny Things Matter – The Story of a Stellar Lumens Exploit
by nindwen on Saturday December 29, 2018 @11:46AM
(#18784381)
https://spectrum.ieee.org/tech-talk/telecom/internet/ethereu...
There have been other similar cases.
Re:Tiny Things Matter – The Story of a Stellar Lumens Exploit
by Scoundreller on Saturday December 29, 2018 @11:48AM
(#18784392)
Exchanges have sometimes protected users from their exchange hacks. With varying success.
And wasn’t there a hard fork rollback for DAO?