Just heard about this. Any basic $50+ hardware wallet with keys generated and stored offline could have prevented it. Why people are so comfortable with their own homebrewed setups I’ll never understand.
Discussion
Yup.
He did say they got his cold wallet as well; but that setup is unknown to me.
Could be the same "backed up and pgp encrypted" garbage.
Forget the BTC - he didn't use a Yubikey or **anything** to secure his PGP keys that everything depends on in his security model?!
Cold wallet, but keys encrypted and stored in digital format, most likely. This is the kind of fuck-up that’s going to be exploited by politicians to try to criminalize private key ownership outside of licensed financial institutions. If someone supposedly so technologically skilled can get hacked this way, what hope is there for the masses?
CEX con artists already capitalizing:
Exactly. It's almost too bizarre to believe