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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 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
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    • 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!

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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
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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

              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
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                • 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
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                    • 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
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                      • 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
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                        • 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.

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