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Bitcoin core developer claims his wallets were compromised, more than 216 BTC (~$3.6 million) stolen

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One of the original Bitcoin core developers, Luke Dashjr, claimed on Twitter that attackers had managed to compromise multiple wallets — which he described as both hot and cold wallets — to steal all of his Bitcoins. Dashjr originally blamed the attack on a PGP key compromise, but later said the PGP compromise was only a part of a much broader hack where attackers also bypassed two-factor authentication and got access to what he had believed to be a cold wallet.

Dashjr complained on Twitter about having trouble getting in contact with the FBI about the theft. Some joked about the irony of a Bitcoin maximalist running to the FBI when his coins were stolen.

There are some questions about the veracity of Dashjr's claims, given his supposed security practices, the extent of the breach, and some of his odd comments on Twitter.

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sfrazer
87 days ago
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Those crypto bug bounty payouts are HUUUUUGE, but they need better disclosure rules
Chicago
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Two QAnon influencers running crypto scams steal more than $2 million from their followers

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Research firm Logically published an investigation into two QAnon influencers who successfully convinced their follower to put more than $2 million into crypto scams. Telling their followers that they could predict the success of cryptocurrencies because of access to "secret military intelligence", they capitalized on QAnon conspiracy theories to defraud their followers through various pump-and-dump schemes. The influencers made claims including that they had personal connections with Elon Musk, Donald Trump, and John F. Kennedy, Jr. (who died in 1999, despite some QAnon theories), or that "aliens want us to trade cryptocurrency 'as an on-ramp to familiarize ourselves with the quantum financial system until we can evolve into 5D and trade assets with our consciousness'".

According to Logically, the "vast majority" of people following the influencers' investment advice "lost anywhere between several hundred and tens of thousands of dollars". One man lost more than $100,000, a loss that caused him to then lose his house and construction business. The man ultimately died by suicide.

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sfrazer
282 days ago
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People who fit in the venn diagram union of "know what crypto is" and "believe in Q anon" have to be the easiest people in the world to grift. The more interesting question is: did this cause any of them to re-evaluate either thing?
Chicago
deezil
282 days ago
The people in the venn middle have less brain cells than number of licks it takes to get to the center of a Tootsie-Pop. So I think the answer to the question you pose is no.
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Anna "Delvey" Sorokin announces she will "move away from the 'scammer persona'" and launch NFTs

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Anna Sorokin, sitting with her chin on her hand in court

Anna Sorokin, the scammer who convinced people and companies to give her hundreds of thousands of dollars by pretending to be a German heiress, has decided to get into NFTs. After winding up with a "scammer persona", which she says is a result of the Netflix series about her and not a result of the scams that landed her in prison, she has announced her intentions to "move away from" it. Now she is focusing on an NFT collection, which she announced in an interview from a detention facility in New York.

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sfrazer
288 days ago
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Clearly we got stuck in the dumbest timeline
Chicago
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Coinbase lays off 1,100 employees in 18% cut

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Lowercase blue text reading "coinbase"

Coinbase announced that they would be cutting 18% of their employees, amounting to 1,100 people. This announcement came only two weeks after they rescinded already-accepted job offers from some new employees, a move that itself came only two weeks after the company announced a hiring freeze. Coinbase has attributed their decisions to "current market conditions" and "crypto winter".

Coinbase broke the news to affected employees in a particularly cold way: by email, sent to employees' personal email accounts because they immediately cut access to employees' work accounts. "Given the number of employees who have access to sensitive customer information, it was unfortunately the only practical choice, to ensure not even a single person made a rash decision that harmed the business or themselves," wrote CEO Brian Armstrong in a message to employees that was subsequently published as a blog post.

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sfrazer
290 days ago
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"Given the number of employees who have access to sensitive customer information" doesn't give the impression that they are doing internal security very well
Chicago
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The Problem With NFTs

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From: Folding Ideas
Duration: 2:18:23

If someone pitches you on a "great" Web3 project, ask them if it requires buying or selling crypto to do what they say it does.

Sources and Further Reading
https://web3isgoinggreat.com/
https://tante.cc/2021/12/17/the-third-web/
https://davidgerard.co.uk/blockchain/2021/03/11/nfts-crypto-grifters-try-to-scam-artists-again/
https://amycastor.com/2021/03/14/metakovan-the-mystery-beeple-art-buyer-and-his-nft-defi-scheme/
https://www.stephendiehl.com/blog/crypto-absurd.html
https://blog.mollywhite.net/blockchains-are-not-what-they-say/
https://www.motherjones.com/politics/2021/11/who-goes-crypto-eth-bitcoin-etc-financialization-gamestop-class-wealth/
https://twitter.com/davetroy/status/1478017698676228099?s=20
https://davidgolumbia.medium.com/cryptocurrency-is-garbage-so-is-blockchain-3e80078e77fe
https://marker.medium.com/fintech-is-a-scam-a-listicle-in-eight-parts-7b6161f3a35a
https://naavik.co/business-breakdowns/axie-infinity/#axie-decon=
https://www.gawker.com/culture/the-future-is-useless-expensive
https://twitter.com/NFTtheft
https://www.theatlantic.com/ideas/archive/2021/04/nfts-werent-supposed-end-like/618488/
https://www.gamesindustry.biz/articles/2021-11-05-baseless-nft-hype-hits-a-crescendo-but-its-play-to-earn-thats-worth-watching-opinion
https://www.technollama.co.uk/platform-is-law-the-cautionary-tale-of-stolen-nfts
https://davidgerard.co.uk/blockchain/2021/02/12/libra-shrugged-chapter-6-banking-the-unbanked/
https://twitter.com/Bitfinexed

Written and performed by Dan Olson

Crowdfunding: https://www.patreon.com/foldablehuman
Twitter: https://twitter.com/FoldableHuman
00:00:00 Preface
00:01:12 0. In 2008 The Economy Collapsed
00:07:09 1. Bitcoin
00:18:18 2. Ethereum
00:24:34 3. The Machine
00:39:07 4. NFTs Exist To Get You To Buy Crypto
00:57:54 5. The Unbearable Cringe Of Crypto
01:11:46 6. A Self-Organizing High Control Group
01:16:57 7. Crypto Reality
01:25:36 8. There Is No Privacy On The Chain
01:32:52 9. If This "Looks Like Scam" Then Every NFT Room I'm In Looks Like Scam LOL
01:38:29 10. Play To Earn Exists To Get You To Buy Crypto
01:46:39 11. We're All Gonna Make It And By "We" I Mean "Us" Not You
01:56:08 12. DAOs Exist To Get You To Buy Crypto
02:13:21 13. I Know It's Rigged, But It's The Only Game In Town

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sfrazer
432 days ago
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It's long, but very engaging and totally worth it. If you know someone heavily into the crypto/nft/dao space, I'm not saying you should force them to watch this clockwork-orange style, but I'm also saying it probably couldn't hurt.
Chicago
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1 public comment
jlvanderzwan
433 days ago
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Yes, 2 hours and 20 minutes.

Also, yes, if you're here you probably either already know everything he's saying or willingly are ignoring parts of it.

But it's good to forward to people who are confused about NFTs because, and this is the shocking bit, he's *very succinct and to the point*. It really takes 2 hours and 20 minutes to unpack this mess even if you're as good in explaining things clearly as this guy.

QAnon/8Chan Sites Briefly Knocked Offline

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A phone call to an Internet provider in Oregon on Sunday evening was all it took to briefly sideline multiple websites related to 8chan/8kun — a controversial online image board linked to several mass shootings — and QAnon, the far-right conspiracy theory which holds that a cabal of Satanic pedophiles is running a global child sex-trafficking ring and plotting against President Donald Trump. Following a brief disruption, the sites have come back online with the help of an Internet company based in St. Petersburg, Russia.

The IP address range in the upper-right portion of this map of QAnon and 8kun-related sites — 203.28.246.0/24 — is assigned to VanwaTech and briefly went offline this evening. Source: twitter.com/Redrum_of_Crows.

A large number of 8kun and QAnon-related sites (see map above) are connected to the Web via a single Internet provider in Vancouver, Wash. called VanwaTech (a.k.a. “OrcaTech“). Previous appeals to VanwaTech to disconnect these sites have fallen on deaf ears, as the company’s owner Nick Lim reportedly has been working with 8kun’s administrators to keep the sites online in the name of protecting free speech.

But VanwaTech also had a single point of failure on its end: The swath of Internet addresses serving the various 8kun/QAnon sites were being protected from otherwise crippling and incessant distributed-denial-of-service (DDoS) attacks by Hillsboro, Ore. based CNServers LLC.

On Sunday evening, security researcher Ron Guilmette placed a phone call to CNServers’ owner, who professed to be shocked by revelations that his company was helping QAnon and 8kun keep the lights on.

Within minutes of that call, CNServers told its customer — Spartan Host Ltd., which is registered in Belfast, Northern Ireland — that it would no longer be providing DDoS protection for the set of 254 Internet addresses that Spartan Host was routing on behalf of VanwaTech.

Contacted by KrebsOnSecurity, the person who answered the phone at CNServers asked not to be named in this story for fear of possible reprisals from the 8kun/QAnon crowd. But they confirmed that CNServers had indeed terminated its service with Spartan Host. That person added they weren’t a fan of either 8kun or QAnon, and said they would not self-describe as a Trump supporter.

CNServers said that shortly after it withdrew its DDoS protection services, Spartan Host changed its settings so that VanwaTech’s Internet addresses were protected from attacks by ddos-guard[.]net, a company based in St. Petersburg, Russia.

Spartan Host’s founder, 25-year-old Ryan McCully, confirmed CNServers’ report. McCully declined to say for how long VanwaTech had been a customer, or whether Spartan Host had experienced any attacks as a result of CNServers’ action.

McCully said while he personally doesn’t subscribe to the beliefs espoused by QAnon or 8kun, he intends to keep VanwaTech as a customer going forward.

“We follow the ‘law of the land’ when deciding what we allow to be hosted with us, with some exceptions to things that may cause resource issues etc.,” McCully said in a conversation over instant message. “Just because we host something, it doesn’t say anything about we do and don’t support, our opinions don’t come into hosted content decisions.”

But according to Guilmette, Spartan Host’s relationship with VanwaTech wasn’t widely known previously because Spartan Host had set up what’s known as a “private peering” agreement with VanwaTech. That is to say, the two companies had a confidential business arrangement by which their mutual connections were not explicitly stated or obvious to other Internet providers on the global Internet.

Guilmette said private peering relationships often play a significant role in a good deal of behind-the-scenes-mischief when the parties involved do not want anyone else to know about their relationship.

“These arrangements are business agreements that are confidential between two parties, and no one knows about them, unless you start asking questions,” Guilmette said. “It certainly appears that a private peering arrangement was used in this instance in order to hide the direct involvement of Spartan Host in providing connectivity to VanwaTech and thus to 8kun. Perhaps Mr. McCully was not eager to have his involvement known.”

8chan, which rebranded last year as 8kun, has been linked to white supremacism, neo-Nazism, antisemitism, multiple mass shootings, and is known for hosting child pornography. After three mass shootings in 2019 revealed the perpetrators had spread their manifestos on 8chan and even streamed their killings live there, 8chan was ostracized by one Internet provider after another.

The FBI last year identified QAnon as a potential domestic terror threat, noting that some of its followers have been linked to violent incidents motivated by fringe beliefs.

Further reading:

What Is QAnon?

QAnon: A Timeline of Violent Linked to the Conspiracy Theory

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sfrazer
893 days ago
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Whoa, he sure pulled the crazies into the comment section with that one
Chicago
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