News for hackers. Stuff that matters.

A comment on Exodus Bitcoin Wallet: $490k swindle. Parent comment

Re:Exodus Bitcoin Wallet: $490k swindle by itsoktocry on Tuesday February 20, 2024 @08:11PM (#39449077)
Do you not see the difference between a Venmo transaction and Bitcoin transaction?

With Bitcoin, a small mistake or oversight and you money is gone, and unrecoverable. So you can point and laugh at people getting scammed on Venmo, but you need "normies" to adopt BTC.

[ Parent | on HN ]
Re:Exodus Bitcoin Wallet: $490k swindle by aeternum on Tuesday February 20, 2024 @11:25PM (#39450141)
It's the same with Venmo, I have a few friends that have sent money to random people never to see it again.

There's really very little crypto-specific here, convincing someone to transfer funds to a scammer-controlled account is one of the oldest financial tricks in the book. It's still very common with bank wires.

[ Parent | on HN ]
Re:Exodus Bitcoin Wallet: $490k swindle by mratsim on Wednesday February 21, 2024 @02:19AM (#39450991)
Venmo, CashApp, Paypal "Friends or Family" and gift cards (Apple, Google Pay, Steam, ...) are all irreversible.
[ Parent | on HN ]