A Bitcoin investor was recently scammed out of 9 Bitcoin (worth around $490K) in a fake “Exodus wallet” desktop application for Linux, published in the Canonical Snap Store. This isn’t the first time; if nothing changes, it likely won’t be the last.

  • @KevonLooney@lemm.ee
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    211 year ago

    Bitcoin is just a scam in general.

    “Bro, I’ll sell you this really complicated number. No one else has it.”

    “What can I do with it?”

    “Sell it for more money to a bigger fool than you.”

    "I’m in.*

    • @RmDebArc_5@lemmy.ml
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      241 year ago

      “Bro, I’ll trade your food for this fancy piece of paper”

      “What can I do with it”

      “Trade it for more food with a bigger fool than you”

      “I’m in”

      (Not saying that you’re wrong, just your argument is stupid)

    • Otter
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      11 year ago

      That’s a bit how currency works in general, the only reason why that piece of paper / metal has value is because we agree that it does (mainly large banks will back it). People also buy and sell currency

      The issue is around it being seen as an investment more than as a currency?

    • @Varyk@sh.itjust.works
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      1 year ago

      Ppf. It’s digital currency. It’s not a scam.

      You sound like an 80-year old who refuses to use debit cards because they aren’t cash.

  • gila
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    211 year ago

    It’s sad, but as a crypto user I’d be sketched out enough about using a centralised hot wallet app like Exodus in an official capacity, let alone entering my private key in something installed via a 3rd party app store. This probably happens on the Play Store a few times a week, and that’s on a bigger platform with a full security review process. It’s ultimately unavoidable.

  • That is an absolutely fascinating article on the technical operation of a scam app. A definite warning to us all. Also I was very interested to read the terms and conditions of the Snap Store, specifically section 14: Limitation of Liability (which could be titled “Sorry, You’re Fucked”).

    I don’t like bitcoin, it’s an environmental disaster that had potential but has turned into a highly volatile speculative device beloved by libertarians, grifters, and scammers. I do feel for the person who lost the coins, that cannot be a very nice experience to deal with.

  • @TheImpressiveX@lemmy.ml
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    -11 year ago

    LOL, you should have DYOR and used a cold wallet. You clearly don’t understand the complexities of Bitcoin, have fun staying poor!

    /s