Hacker responds in plaintext "Your dereliction of duty is obvious that you allocated only $1.5M (maybe even 0) to secure $5B assets. This is a flagrant neglect of security and a sign of complete mismanagement. You SHALL pay 10% using your own money as bug bounty or you will cause all your holders a 15% loss for your irresponsibility and stinginess. Even companies that participate in bug bounty programs cannot guarantee complete security, let alone one like yours that remains delusional, greedy, and arrogant to this very day. Anyway we are going to publish the privatekey to decrypt our conversations afterwards. " image
Ivan's avatar Ivan
@npub1jg55...6n8n responds but not in plaintext..... image View quoted note →
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Replies (24)

Can you even imagine the insanity of keeping 4200 BTC in a single address in what basically amounts to a hot wallet? In what scenario would the federation ever have to release more than maybe 10-20 BTC at a time on a peg-out? Shouldn’t they have used multiple segregated wallets? Shouldn’t that amount have had to go through a manual review process at some stage?
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Austin 7 hours ago
I’m unclear how liquid had 5 billion in assets. Didn’t they have ~4200 Bitcoin? 5 B = 64,000 btc