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  3. Digital exchange loses $137 million as founder takes passwords to the grave

Digital exchange loses $137 million as founder takes passwords to the grave

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  • abmvA Offline
    abmvA Offline
    abmv
    wrote on last edited by
    #1

    https://arstechnica.com/information-technology/2019/02/digital-exchange-loses-137-million-as-founder-takes-passwords-to-the-grave/ no backups...

    Caveat Emptor. "Progress doesn't come from early risers – progress is made by lazy men looking for easier ways to do things." Lazarus Long

    We are in the beginning of a mass extinction. - Greta Thunberg

    M P M L J 7 Replies Last reply
    0
    • abmvA abmv

      https://arstechnica.com/information-technology/2019/02/digital-exchange-loses-137-million-as-founder-takes-passwords-to-the-grave/ no backups...

      Caveat Emptor. "Progress doesn't come from early risers – progress is made by lazy men looking for easier ways to do things." Lazarus Long

      M Offline
      M Offline
      Marc Clifton
      wrote on last edited by
      #2

      Can't they just cut off his finger and use his fingerprint to log in to his laptop? > The debacle should be unthinkable for any financial institution, but sadly it’s just one of many similar issues to hit a cryptocurrency exchange in recent years. :laugh:

      Latest Article - Slack-Chatting with you rPi Learning to code with python is like learning to swim with those little arm floaties. It gives you undeserved confidence and will eventually drown you. - DangerBunny Artificial intelligence is the only remedy for natural stupidity. - CDP1802

      OriginalGriffO 1 Reply Last reply
      0
      • M Marc Clifton

        Can't they just cut off his finger and use his fingerprint to log in to his laptop? > The debacle should be unthinkable for any financial institution, but sadly it’s just one of many similar issues to hit a cryptocurrency exchange in recent years. :laugh:

        Latest Article - Slack-Chatting with you rPi Learning to code with python is like learning to swim with those little arm floaties. It gives you undeserved confidence and will eventually drown you. - DangerBunny Artificial intelligence is the only remedy for natural stupidity. - CDP1802

        OriginalGriffO Offline
        OriginalGriffO Offline
        OriginalGriff
        wrote on last edited by
        #3

        Security procedures supplied by QA questioners, I assume ... :omg:

        Sent from my Amstrad PC 1640 Never throw anything away, Griff Bad command or file name. Bad, bad command! Sit! Stay! Staaaay... AntiTwitter: @DalekDave is now a follower!

        "I have no idea what I did, but I'm taking full credit for it." - ThisOldTony
        "Common sense is so rare these days, it should be classified as a super power" - Random T-shirt

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        • abmvA abmv

          https://arstechnica.com/information-technology/2019/02/digital-exchange-loses-137-million-as-founder-takes-passwords-to-the-grave/ no backups...

          Caveat Emptor. "Progress doesn't come from early risers – progress is made by lazy men looking for easier ways to do things." Lazarus Long

          P Offline
          P Offline
          PIEBALDconsult
          wrote on last edited by
          #4

          Try "JOSHUA".

          J 1 Reply Last reply
          0
          • abmvA abmv

            https://arstechnica.com/information-technology/2019/02/digital-exchange-loses-137-million-as-founder-takes-passwords-to-the-grave/ no backups...

            Caveat Emptor. "Progress doesn't come from early risers – progress is made by lazy men looking for easier ways to do things." Lazarus Long

            M Offline
            M Offline
            Mark_Wallace
            wrote on last edited by
            #5

            So, what do we learn from this? 0. Passwords work. 1. Encryption works. And what should we have learned? 0, A laptop is a really bad place to store important stuff. 1. If you decide to use cryptocurrency to try to get rich quick, you can end up poorer than you were a damned sight quicker. 2. Multi-factor authentication isn't worth the breath that's wasted on it (US corporations don't demand your phone number for your benefit).

            I wanna be a eunuchs developer! Pass me a bread knife!

            1 Reply Last reply
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            • abmvA abmv

              https://arstechnica.com/information-technology/2019/02/digital-exchange-loses-137-million-as-founder-takes-passwords-to-the-grave/ no backups...

              Caveat Emptor. "Progress doesn't come from early risers – progress is made by lazy men looking for easier ways to do things." Lazarus Long

              L Offline
              L Offline
              Lost User
              wrote on last edited by
              #6

              They owe money and they can't find their password. Oh dear how sad. Is the Missing Crypto From QuadrigaCX’s $150 Million Disaster On the Move? Experts Weigh-in[^]

              Peter Wasser "The whole problem with the world is that fools and fanatics are always so certain of themselves, and wiser people so full of doubts." - Bertrand Russell

              1 Reply Last reply
              0
              • abmvA abmv

                https://arstechnica.com/information-technology/2019/02/digital-exchange-loses-137-million-as-founder-takes-passwords-to-the-grave/ no backups...

                Caveat Emptor. "Progress doesn't come from early risers – progress is made by lazy men looking for easier ways to do things." Lazarus Long

                J Offline
                J Offline
                Jim Meadors
                wrote on last edited by
                #7

                Has anyone checked the Post-It stuck to his monitor? ;P

                <sig notetoself="think of a better signature"> <first>Jim</first> <last>Meadors</last> </sig>

                1 Reply Last reply
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                • abmvA abmv

                  https://arstechnica.com/information-technology/2019/02/digital-exchange-loses-137-million-as-founder-takes-passwords-to-the-grave/ no backups...

                  Caveat Emptor. "Progress doesn't come from early risers – progress is made by lazy men looking for easier ways to do things." Lazarus Long

                  G Offline
                  G Offline
                  GuyThiebaut
                  wrote on last edited by
                  #8

                  Did they try password123 ?

                  “That which can be asserted without evidence, can be dismissed without evidence.”

                  ― Christopher Hitchens

                  1 Reply Last reply
                  0
                  • P PIEBALDconsult

                    Try "JOSHUA".

                    J Offline
                    J Offline
                    jackbrownii
                    wrote on last edited by
                    #9

                    Okay, I'm old enough to get that one.

                    M 1 Reply Last reply
                    0
                    • abmvA abmv

                      https://arstechnica.com/information-technology/2019/02/digital-exchange-loses-137-million-as-founder-takes-passwords-to-the-grave/ no backups...

                      Caveat Emptor. "Progress doesn't come from early risers – progress is made by lazy men looking for easier ways to do things." Lazarus Long

                      N Offline
                      N Offline
                      Nand32
                      wrote on last edited by
                      #10

                      Let's preserve his brain. Someday a transplant can yield 137 million*. *Rates based on the year/time of the transplant.

                      M 1 Reply Last reply
                      0
                      • J jackbrownii

                        Okay, I'm old enough to get that one.

                        M Offline
                        M Offline
                        MacSpudster
                        wrote on last edited by
                        #11

                        Bemoaningly, so am I...

                        The best way to improve Windows is run it on a Mac. The best way to bring a Mac to its knees is to run Windows on it. ~ my brother Jeff

                        C 1 Reply Last reply
                        0
                        • N Nand32

                          Let's preserve his brain. Someday a transplant can yield 137 million*. *Rates based on the year/time of the transplant.

                          M Offline
                          M Offline
                          MacSpudster
                          wrote on last edited by
                          #12

                          More with interest!

                          The best way to improve Windows is run it on a Mac. The best way to bring a Mac to its knees is to run Windows on it. ~ my brother Jeff

                          1 Reply Last reply
                          0
                          • M MacSpudster

                            Bemoaningly, so am I...

                            The best way to improve Windows is run it on a Mac. The best way to bring a Mac to its knees is to run Windows on it. ~ my brother Jeff

                            C Offline
                            C Offline
                            CodeWraith
                            wrote on last edited by
                            #13

                            Oversized item, additional postage required.[^]

                            I have lived with several Zen masters - all of them were cats. His last invention was an evil Lasagna. It didn't kill anyone, and it actually tasted pretty good.

                            1 Reply Last reply
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