Is bitcoin cash a viable currency bitcoin wallet password lost

The young cryptocurrency market has seen its fair share of criminal elements. Cases of Lost Cryptocurrency While Bitcoin has been hailed as the first form of money that can be stored on the brain, this has several implications and make the cryptocurrency very different from fiat. The digital currency bitcoin used to only be a big deal in small circles of libertarians, but has exploded over the last year. Advanced Search. This is serious and needs to be exposed. April 15, what is happening to coinbase wallet that holds bitcoin I totally lost hope in getting my money back, i tried charging back but that never worked, i got a lawyer but that never worked too ethereum hashrate to zcash can you mine monero with antminer i came across a post on a Certified Binary Options Recovery Experts www. Up until now, cryptocurrency holders were unable to spend their crypto wealth unless they know the password to their wallets or had some kind of a backup. This subreddit was created to uphold and honor free speech and the spirit of Bitcoin; learn more about us. I'd make this a huge priority if I were. The cryptocurrency market just suffered a theft worse than Mt. Or attack whichever mail sending service they use, eg mandrill or. Post a comment! So yesterday, I realize my Exodus wallet Bitcoin Cash was all gone and thus began my investigation in how this could all have happened. MarketWatch Partner Center. It's unfortunate you were hit poloniex pump group is gatehub safe this though OP, whatever this. This doesn't seem to be happening with Exodus in mass. Doing this greatly improves usability but at the expense of security. Please enter your comment! After what happened, I removed Exodus from my laptop. Recovery link within the email is encrypted Follow us on Telegram Twitter Facebook. See a list of past AMAs. This doesn't seem to be happening with Exodus in mass, but their design is poor and the should be avoided due to this emailing of recovery info. Featured Images are from Shutterstock.

Crypto exchange customers can’t access $190 million after CEO dies with sole password

Maybe they decided the risk was worth it to steal a little What price of ripple ibm x346 hashrate for bitcoin from their ideological rivals. Did you ever export the private keys? Immediately, I checked the cold storage funds and they are all safe. Very glad it wasn't more and thanks for warning the rest of the community. I suspect LocalBitcoinCash. It wasn't the amount since I lost much more from the bear market but it was the way the funds were gone. I never share my wallet seed words with. It doesn't mean they have access to your email account. Bitcoin is the currency of the Internet. When you first set up your Exodus wallet, did you quit the program before setting up a password?

But since I reused the password in more than 1 website, they don't even need to bruteforce it. Immediately, I checked the cold storage funds and they are all safe. Advanced Search. Very bad design if Exodus is emailing recovery information. See a list of past AMAs here. Dmitry Sumin, chief executive of Passware, noted that cryptocurrency gives criminals the ability to move their loot anonymously and make it difficult for law enforcement authorities to track down where the money ends. Explain why the receiving address has been used before. I believe it is a link to the Exodus website where you go to, and I assume with your password, you can restore back the wallet. I think its a terrible idea to do key generation on clients computers anyway where they've probably installed Awesome Toolbar Some links: Also, which exchanges send their passwords in plain text thru email? Is it true that hackers can help get your coins back?

The lost funds was 3. I don't love SlushPool, but Trezor remains a good option. You need your password though so just the link itself is worthless. Yup, and this reader has decided forex com bitcoin new digital currencies subscription there's not enough information to reach a conclusion, which makes "scam wallet" more of a leap than anything else as it falls foul of Hanlon's Razor. If they have access to my emails, how many bitcoins in existence bitcoin core wallet with should be able to see the "Welcome to abc exchanges Anyone have any experience with this working successfully? So anyone at an email hoster can scan for exodus backup emails. You can read the full investigation at LocalBitcoinCash. You be the judge. Did you receive any weird Twitter or Emails from Exodus like the Youtube guy that was hacked?

If the Exodus recovery data got exposed somehow that would be terrible. FWIW, I've only had positive experience with the wallet itself and the developers I contacted their support with a UI bug and they paid me a bounty for bringing it to their attention. No begging for Bitcoin. Bitcoin BCH is at a very unfortunate disadvantage because there is a disproportionately large number of people who spread the misinformation that "Bitcoin cash is a scam" because they feel economically threatened by its existence. I did a malware scan on my laptop and all clear. Do we know how they are encrypting those email links what algorithm, etc? The seed words could very well be encrypted in the email link. Very glad it wasn't more and thanks for warning the rest of the community. Mike Novogratz: Even if they use an industry standard like PBKDF2, the encryption could be easy to brute force if the wallet isn't using thousands of iterations. I'm not familar with Exodus, but again no, that's how most SPV wallets work. Read the original Bitcoin Whitepaper by Satoshi Nakamoto.

There are too many other good choices. Happy Cake Day. It sounds like you have some cold storage solutions. We've even added LocalBitcoinCash dot org to our pre-approved domains list to try is asic mining profitable 2019 is cloud mining ethereum profitable bypass the Reddit block but Reddit isn't honoring our automod config and blocks it anyways. By Aaron Hankin Reporter. With access to my email, they may also reset my passwords to those exchanges. Did you receive any weird Twitter or Emails from Exodus like the Youtube guy that was hacked? If the Exodus recovery data got exposed somehow that would be terrible. Then I shut down my laptop and went to sleep. Yep this just happened to me toofortunately i only used a small test. So it should be useful.

What does the recovery URL format look like? Four Steps for Total Crypto Security. Doxing or posts that resemble doxing will result in the post being removed and the user banned permanently. These did not happen, which is why I have narrowed the culprit to Exodus wallet. What method is used to encrypt the recovery email contents again? Instead of getting the user to memorise master seeds to unlock the wallet like most wallets Exodus only requires a password. April 15, I don't think it is the seed words. IDK if this is still true but no two-factor auth. Also i never used their backup email option so this is not to do with the backup email but their very software is compromised. I used so many wallets before and Exodus is the only one that sends the user an email of their backups, which I assume since it goes through Exodus email server, they can easily get a copy if they want to. September 19, That is probably the case but it's unclear to me how this is a security issue. The weakness sounds like it's on their mailserver, but could include any SMTP hops in between before it arrives to you.

Lost Passwords Are as Good as Lost Wealth

If their encryption technique is poor or your password is weak, then perhaps a person with just the email link can brute force the decryption. Have you checked that backup email? Then I login to websites where I have my Bitcoin Cash and they are all safe too. You can rule out that your email was accessed because whoever "hacked" you didn't try to access your exchange accounts? Sumin said: Home News Passware: I'm a bot, bleep , bloop. Just to clarify, I don't think there is seed words in the email. LOL they told us right up front what it was gonna be?? In fact, yesterday, I deliberately open up my Electron Cash wallet and leave it on, just to see if those funds get stolen too. The majority of Bitcoin wallets are in the same position when it comes to lost passwords. Not sure if it is standard bip We've even added LocalBitcoinCash dot org to our pre-approved domains list to try to bypass the Reddit block but Reddit isn't honoring our automod config and blocks it anyways. Create an account. It also goes through other mail servers, at least through the one your mail hoster runs. Care to share it? Do you know if after restoring from the email link you can view or export the original seed words? That's why I am so suspicious of Exodus after narrowing through the various situations. Did you ever store the seed phrase or private keys somewhere else, where it may have been compromised?

Email recovery links, even if you don't store on your server would be visible likely via sendGrid website, and perhaps other places. I don't think someone has access to my email because they would likely login to exchanges bitcoin ethereum exchange mining ethereum pos, I signed up to quite a few of themwhich would record the logins and ip address and timing. Sumin said:. See a list of past AMAs. I don't love SlushPool, but Trezor remains a good option. The 75k hack was 1 year ago and I think was BTC. Soft fastest way to trade bitcoin for us dollars ethereum locked up ethereum split again scam via wallet backup email. I communicated with the Exodus support and I don't think it is an insider job. For some reason, my post gets hidden so I am posting. But its not clear if this is. The cryptocurrency market just suffered a theft worse than Mt. Pretty dangerous to send backup with an email. The more I think about it, the more I suspect that these could be deliberate so that Exodus Wallet has plausible deniability over the stolen funds. So I was really puzzled in how all this could have cryptocurrency mining dash hash dash mining profitability because nobody except myself has access to this laptop and seed words. If I was a bad actor, I would probably siphon bit by bit and if anyone complain, ask them if their email was compromised? April 15, Reddit has blocked LocalBitcoinCash dot org for a long time. One running theory is that someone got hold of the users email recovery link and possibly brute forced the password.

Cases of Lost Cryptocurrency

From what I know the Exodus wallet's backup protocol uses industry standard cryptography e. I think its a terrible idea to do key generation on clients computers anyway where they've probably installed Awesome Toolbar The downside is that it means between the time that the wallet is initially created and the wallet prompts the user to set a password - its easier for malicious programs to steal the wallet seed. One running theory is that someone got hold of the users email recovery link and possibly brute forced the password. The password is essentially a simpler version of seed words. What do we know about the encryption they use to generate these email recovery links? This means they potentially have all the backup information of all Exodus Wallet users and have access to them. Why scam everyone when you can pick and choose each month? Please enter your comment! How often are we told not to share our passwords? Retirement Planner. They are abit slow in responding and I can understand why, so I am not blaming them. Want to add to the discussion? Our team will now investigate in depth how OP's wallet was compromised.

So the universe of people with access to those links may be larger than you think: Hardware wallets are great. Tronipay is the ideal solution for your business May 21, poloniex bitcoin deposit minimum bitcoin how to buy canada Same email provider they got their recoervy mail sent to? Did you ever export the private keys? LOL they told us right up front what it was gonna be?? Reddit blocks LocalBitcoinCash dot org? Immediately, I checked the cold storage funds and they are all safe. If these Bitcoin whales are individuals and somehow lose their passwords or die, a third of the Bitcoins in the world will be removed from circulation. Perhaps they cooked up something themselves. If you imported one, where did you previously use that phrase? It may be worth investigating exactly how they are encrypted, as it's easy to accidentally implement weak encryption. Follow us on Telegram Twitter Facebook. I honestly think someone at Exodus knew my seedphrase. I'm a bot, bleepbloop. Maybe I didn't see the lost funds properly. Excuse me? Anti-virus program, like Windows Defender.

April 15, The Bitcoin Cash went to this address that does buying bitcoin limit vs market ubuntu 16.04 ethereum mining belong to me. It's unfortunate you were hit by this though OP, whatever this. Any idea what they are doing there? Chain19 May 21, These assumptions may not be true. Log in or sign up in seconds. Leave me out of. Can you exclude the possibility that someone gained access to your exodus recovery mail by accessing your mail account? Not sure if it is standard bip This means they potentially have all the backup information of all Exodus Wallet users and have access to. I did a malware scan on my laptop and all clear. If you sent 3. Instead bitcoin value coinbase bittrex wallet problems never receive my eth getting the user to memorise master seeds to unlock the wallet like most wallets Exodus only requires a password. TunnelBear Review: There's a few big issues I see with this and OP notes some of them:

Anti-virus program, like Windows Defender. Non-custodial wallets don't need to send anything back to their server. Did you receive any weird Twitter or Emails from Exodus like the Youtube guy that was hacked? This is serious and needs to be exposed. Exodus Wallet Hacked Scam Wallet? Now that I think about it, this is highly suspicious because other wallets don't do this. It wasn't much but it did make me feel down the last couple of days. In other words, they do something like: In that sense, I don't think the machine was compromised. I would never trust a wallet that does anything other than letting users write down their backup.

And I don't see any unauthorized logins to the exchanges. This is serious and needs to be exposed. Very glad it wasn't more and thanks for warning the rest of bittrex rating error checkblock first tx is not coinbase community. So I narrowed my investigation towards the Exodus Wallet. The more I think about it, the more I suspect that these could be deliberate so that Exodus Wallet has plausible deniability over the stolen funds. We don't know the routes and who had access to that email took to reach your mailbox. The Bitcoin Cash went to this address that does not belong to me. Or attack whichever mail sending service they use, eg mandrill or. But do your servers ever get to see any of that information? Lost Passwords Are as Good as Lost Wealth Up until now, cryptocurrency holders were unable to spend their crypto wealth unless they know the password to their wallets or had some kind of a backup. Buy bitcoins through bank transfer status ethereuma British national made headlines when he accidentally threw away his hard drive containing access to 7, Bitcoins. This shoulds like the weak link. We've even added LocalBitcoinCash dot org to our pre-approved domains list to try to bypass the Reddit block but Reddit isn't honoring our automod config and blocks it anyways.

I would avoid it for that reason. I'm a bot, bleep , bloop. On 23rd Dec , I went online to a website where I have my Bitcoin Cash, requested a withdrawal of around 3. So yesterday, I realize my Exodus wallet Bitcoin Cash was all gone and thus began my investigation in how this could all have happened. Should only be done if the backup info in the email is encrypted. I don't know. Now that I think about it, this is highly suspicious because other wallets don't do this. Also i never used their backup email option so this is not to do with the backup email but their very software is compromised. I even left Electron Wallet window open after the hack just to see if the funds on EC will be gone too, but apparently it is safe. Then the sniffing hacker can search the data for whatever info he wants. Unfortunately, these efforts have not been successful. It seems unlikely they are storing the seed words on their server. Have you checked that backup email? Hardware wallets are great. This might have left your seed phrase unencrypted on your disk until you set up a password. They are abit slow in responding and I can understand why, so I am not blaming them. I don't think they publish the list of blocked sites, but from my experience the blocking seems quite extensive and sometimes inexplicable. Create an account. I used so many wallets before and Exodus is the only one that sends the user an email of their backups, which I assume since it goes through Exodus email server, they can easily get a copy if they want to.

I communicated with the Exodus support and I don't think it is an insider job. Running a proprietary operating system with all kinds of software you have no source code to? If they do that, it would be way obvious. Perhaps they can be brute force attacked and depending on the strength of your password, it could be hard or easy. The 75k hack was 1 year ago and I think was BTC. I keep seeing you say this, but I think it is blocking you from accepting the fact that someone somewhere could have gotten access to the email recovery link. Litecoin USD Kraken: Even if they use an industry standard like PBKDF2, the encryption could be easy to brute force if the wallet isn't using eobot bitcoin mining does newegg take bitcoin of iterations. Is best gpu for ethereum mining 2019 best gpu for mining ethereum 2019 true that hackers can help get your coins back? This doesn't seem to be happening with Exodus in mass. A Revolution in the Mining Whichever co-founder decided to do it that way should fire .

While Bitcoin has been hailed as the first form of money that can be stored on the brain, this has several implications and make the cryptocurrency very different from fiat. Due to the technological novelty and drastic paradigm shift in the way we think about authority and truth, there is a huge degree of ignorance in the crypto space in general. It looks like you are re-using the address where you sent the 3. It's a Sunday morning I can never forget. It's unfortunate you were hit by this though OP, whatever this was. Also i never used their backup email option so this is not to do with the backup email but their very software is compromised. With Bitcoin, you can be your own bank. In fact, I was feeling quite down about the loss and prefers to just leave it behind me quickly. ProtonVPN I can't remember what that email contains. I also recommend scanning with one other anti-malware program. Have you checked that backup email? I already uninstall Exodus on my laptop immediately after the incident. However, I think that backup email is just waiting for accidents to happen. One running theory is that someone got hold of the users email recovery link and possibly brute forced the password. Why scam everyone when you can pick and choose each month?

Secure storage in a cold wallet means that the coins are completely inaccessible

The logic behind this is to encourage adoption: It sounds like you have some cold storage solutions too. We don't know the routes and who had access to that email took to reach your mailbox. Can you exclude the possibility that someone gained access to your exodus recovery mail by accessing your mail account? Save my name, email, and website in this browser for the next time I comment. Exodus wallet hack to me for about 73k USD. There's a few big issues I see with this and OP notes some of them: Ethereum USD Kraken: Exodus tries to solve this problem by using a secure deletion module and rewriting the encrypted wallet to disk.

Tronipay is the ideal solution for your business May 21, Someone has linked to this thread from another place on reddit: While Bitcoin has been hailed as the first form of money that can be stored on the brain, this has several implications and make the cryptocurrency very different from fiat. I can't remember what that email contains. Post a comment! Keep in mind that a virus scanner may not catch. I engaged the services of a hacker and he helped me. IDK if this is still true but no two-factor auth. Someone has linked to this thread from another place on reddit:. It wasn't much but it did make me feel down the last couple of days. In fact, some malware will deliberately ethereum empty address transaction function graph bitcoin a program like Malwarebytes so it appears that your machine is clean. Bitcoin BCH is at a very unfortunate disadvantage because there is a disproportionately large number of people who spread the misinformation that "Bitcoin cash is a scam" because they feel economically threatened by its existence. If you imported one, where did you previously use that phrase? Also i never used their backup email option so this is not to do with the backup email but their very software is compromised. Since you also handled BSV, could this have been a replay attack?

Do you know if after restoring from the email link you can view or export the original seed words? Bitcoin BCH is at a very unfortunate disadvantage because there is a disproportionately large number of people who spread the misinformation that "Bitcoin cash is a scam" because they feel economically threatened by its existence. How hard would it be to brute force your password? Use of this site constitutes acceptance bitcoin mining profitability calculator euro bitcoin mining rig alternative currency our User Agreement and Privacy Policy. And if you will share this with more people so they are aware of it too, that would be great. This is an assumption but is most likely the case. They send an encrypted backup link that you overstock zcoin bitcoin production rate open in exodus to restore bitcoin mining to wallet how many bitcoins can i mine with my computer wallet. This is serious and needs to be exposed. Does the backup link contain a key that can be deciphered somehow? I engaged the services of a hacker and he helped me. All rights reserved. I remember when you first setup the Exodus Wallet, they will send you an email with your backup information so if you forgot the seed words, you can restore back the wallet. If I was a bad actor, I would probably siphon bit by bit and if anyone complain, ask them if their email was compromised? I hope more light gets shed on. It may be worth investigating exactly how they are encrypted, as it's easy to accidentally implement weak encryption. I think you accidentally a word. What else do they block? You Decide.

Dmitry Sumin, chief executive of Passware, noted that cryptocurrency gives criminals the ability to move their loot anonymously and make it difficult for law enforcement authorities to track down where the money ends. It's unfortunate you were hit by this though OP, whatever this was. I keep seeing you say this, but I think it is blocking you from accepting the fact that someone somewhere could have gotten access to the email recovery link. So anyone at an email hoster can scan for exodus backup emails. It only takes 1 minute to scan, so I recommend it. If they are using the same format of a URL that is sent by email, this URL could be modified to make attempts on multiple users accounts The cryptocurrency market just suffered a theft worse than Mt. So next thing I guess to ask is how they are encrypting those email recovery links. It wasn't much but it did make me feel down the last couple of days. I did a malware scan on my laptop and all clear. What else do they block? Tronipay is the ideal solution for your business May 21, So having these other wallets on the same machine actually helps me narrow down the reasons because I can rule out certain things. Please don't post your Bitcoin address in posts or comments unless asked. Here are the biggest hacks and scams in cryptocurrency history.

So next thing I guess to ask is how they are encrypting those email recovery links. I even left Electron Wallet window open after the hack just to see if the funds on EC will be gone too, but apparently it is safe. If you imported your private keys to Electron Cash, then the address of your Exodus wallet would have also been the address of your Electron Cash wallet just xrp price analysis august 2017 coinbase price feed the theft. It may be worth investigating exactly how they are encrypted, as it's easy to accidentally implement weak encryption. On 23rd DecI went online to a website where I have my Bitcoin Cash, requested a withdrawal of around 3. I can't remember what that email contains. If they have access to that email recovery link, yes they can bruteforce the password. Is it true that hackers can help get your coins back? Read the original Bitcoin Whitepaper by Satoshi Nakamoto. All rights reserved.

I usually brush them off and continue building stuff for BCH. What do we know about the encryption they use to generate these email recovery links? Torsten, the guy who messaged me on Twitter and sent me an email, quit working or was fired from Exodus shortly after my hack in December Can you exclude the possibility that someone gained access to your exodus recovery mail by accessing your mail account? Exodus support is also useless!!! Exodus tries to solve this problem by using a secure deletion module and rewriting the encrypted wallet to disk. Passware Inc. Some links: Did you ever store the seed phrase or private keys somewhere else, where it may have been compromised? Emails are sent in plaintext Any intermediate mailserver can see the email body. I'm glad it was not more. I'm not normally calling for subpoenas but if rcmpgrcpolice are looking in to this, contact krakenfx — Jesse Powell jespow February 3, I was angry at myself. Unfortunately, these efforts have not been successful.

Want to add to the discussion?

Did you import a seed phrase into Exodus, or use a newly generated one? I'm not familar with Exodus, but again no, that's how most SPV wallets work. I don't think someone has access to my email because they would likely login to exchanges yes, I signed up to quite a few of them , which would record the logins and ip address and timing etc. You can rule out that your email was accessed because whoever "hacked" you didn't try to access your exchange accounts? The seed words are encrypted with a password of your choosing, allegedly. I keep seeing you say this, but I think it is blocking you from accepting the fact that someone somewhere could have gotten access to the email recovery link. One course of action the company is considering is the sale of its operating platform to meet some of its obligations, the affidavit states. Care to share it? This is an assumption but is most likely the case. It sounds like you have some cold storage solutions too. By Aaron Hankin Reporter. Yep this just happened to me too , fortunately i only used a small test amount. A Revolution in the Mining I don't love SlushPool, but Trezor remains a good option. How often are we told not to share our passwords?

I receive lots of phishing emails and I just delete them without even reading. That's a plausible explanation, and I won't bitcoin digital ira risks best country for bitcoin legal out an insider job top 10 altcoins to invest cryptocurrency freelancer Exodus since all these emails could have been stored somewhere at their end. And now the debacle has hit the courts. Comment what are the productive bitcoin mines crypto currency offline wallet. It doesn't mean they have access to your email account. I usually brush them off and continue building stuff for BCH. Featured Images are from Shutterstock. Reddit has blocked LocalBitcoinCash dot org for a long time. Log in or sign up in seconds. As such, it is more resistant to wild inflation and corrupt banks. I legit bitcoin cloud mining bitcoin price coingecko that money badly and POOF it gone It's not perfect but a simple 2-factor signing model with an app-based not SMS-based approval dialogue would do wonders to prevent most hacks and it wouldn't be hard to implement. Lets face it though: I'd make this a huge priority if I were. So while these links may be encrypted not knowing the details of that encryption means we can't know if Exodus is secure. But good plausible denyability, I guess. Come to think of it, I think I can rule out having my email accessed because whoever accessing my email would likely try to login to the exchanges I signed up to. Can you exclude the possibility that someone gained access to your exodus recovery mail by accessing your mail account?

Any idea what they are doing there? May 27, Can you share some details about the password you used length, combination of dictionary words, etc? Retirement Planner. Care to share it? It is possible to recover bitcoin lost to scam or binary options. The seed words are encrypted with a password of your choosing, allegedly. Some of the other stuff includes DDOS the website, sending more than 1 million spam emails to our support email address, reporting our app to get it removed from app store https: Perhaps they can be brute force attacked and depending on the strength of your password, it could be hard or easy. By Aaron Hankin. Whichever co-founder decided to do it that way should fire himself. The length of the password is 10 characters, with uppercase and lowercase, alphabets and numbers and special characters. What sort of "malware scan" did you do?