Hack me once, shame on you...

Pekelo

Pekelo

Hack me twice, I won't get hacked again:

"...notably, this is not the first time Shen has fallen victim to hackers.

Back in 2016, bad actors used social engineering techniques to get access to Shen’s mobile phone and email to facilitate an exploit that resulted in about $300,000 in Augur (REP) and an undisclosed amount in ETH stolen from his wallets.

https://decrypt.co/115420/fenbushi-founder-bo-shen-loses-42m-stablecoins-bitcoin-ethereum-hackers

The current hack, the small amount of 42MM:

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www.reddit.com/r/Buttcoin/comments/z2w5pw/be_your_own_bank/

He saved 10 dollars in fees though...
 
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But "don't keep your Bitcoin on an exchange, keep in cold storage". makes it safe! /sarc

The whole crypto space is a clown show of get rich quick artists.
There are reasons why people keep their money in banks.

Of course part of me wonders if this is a tax fraud scheme. Claim you were hacked and write off a loss. Meanwhile the hacked funds are exchanged for cash, gold, etc. Plus you get to write off at the present market price without crashing the market via a huge sale.

If I had keys to millions of dollars in crypto, there would be in a safe deposit box or similar with an off-network laptop. It has something to do with not wanting to get kidnapped and have my fingers chopped off one by one until I give up the keys.
 
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His first donation was result of 'social engineering techniques' - https://www.dogpile.com/serp?q=social+engineering+techniques

By what means was the second respectably sized sum seized? lol

Maybe there's a laundry behind these escapades.
That much bread and being slow in the head are strange bedfellows.
Plausible deniability in inherent in these possibly "foolish victim" scenarios.

It appears that our boy Bo Bo, 'hit me again' Shen is the 'weak link' in this chain.
Rather than a cold storage wallet vulnerablility per se, it is a user practices 'vulnerablity', no?

Either Bo Bo is one careless mo fo, or he is in on a value transfer scheme with inherent plausible deniability and provides timely fodder for more crypto regulation, which means ... the REAL maroons will become further and further involved in ratcheting down distributed to sqeeeeze it back into the central mold.

What's bobo's wife look like? Is she smiling today or pissed off?
 
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