P. 5



                                            BTC WALLET THEFTS

               Of all the things that went down in the factors that lead to this hack, Verizon Wireless is what I was
               massively unprepared for. After talking at length with customer service reps, I learned that the
               hacker did not need to give them my pin number or my social security number and was able to get
               approval to takeover my cell phone number with simple billing information. This blew my mind and
               seemed negligent beyond all possible reason but it’s what they do. The main thing that struck me by the
               hack was the extraction speed possible in the current cryptocurrency ecosystem. $8,000 in 15 minutes is
               faster and more lucrative than robbing a suburban bank.

               Why I was targeted

               The best working theory for why I was targeted was this tweet I made last week about A
               friend of a friend was hacked on Coinbase and he had not heard back from anyone on Coinbases’s
               support team for multiple days. As a plea for help, he asked people to help get the word out on Twitter. I
               did, it got RTed a bunch, and to my incredible naiveté, I had no idea I was essentially attaching a “Rob
               me too” sign to my back.

               And now, here I am. I tried to help someone get the attention of Coinbase for fraud, I got screwed, and
               now I’m trying to get the attention of for fraud. The official Coinbase Support twitter has
               responded once, then a bot emailed, with a disclosure that it could be weeks before I get a single response
               to my question.


               I have never lost money at anywhere near this scale before. I grew up in a family that is especially
               conservative when it comes to money and this hits on an emotional level that is hard to shake. Like many,
               I know that there are plenty of risks when it comes to cryptocurrency, it’s a gamble, but the one thing you
               don’t expect to happen is to be robbed in seconds on a site with a cleaner user interface design than Chase

               I have no idea if I’ll be able to recover any of this money but I figure the one thing I can do with this
               feeling of rage/sadness is try and unpack the vulnerabilities so others get less screwed.
   1   2   3   4   5   6   7   8   9   10