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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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  • 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

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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>

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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

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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

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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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