Daily: MAJOR Electrum Wallet Hack, Binance Reopens!

in bitcoin •  7 years ago 

Electrum Wallet has a major security flaw that will might allow hackers to steal funds by just browsing websites. Binance Reopens!
0:36 Market Analysis
1:25 Critical Electrum wallet hack
4:21 My views on Ethereum
5:07 Binance Re-opens

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Finance is by far the best exchange right now! I hope they can actually become decentralized!

💸

ooooooooooooooooohhh :(

That's some scary shit!!!

Dang, people are scandalous... that Ledger hack was so fucked up.

Easy there, don't shit your shorts.. .-/

Too late...

definition of false economy!

Guys, if you are wondering why coin prices are dipping on Coinmarketcap, here is why:
https://steemit.com/coinmarketcap/@smallstepschange/breaking-this-is-why-prices-on-coinmarketcap-seem-to-plunge
Feel free to resteem! :)

Thanks very good post !!!! Michael!!!!

Awesome Work!

Keep it up!!!

@cryptoinvestinfo

your CryptoInvestmentExpert

Finally i can open my account on binance and buy some BNB tokens!

Please can you explain how hackers may be able to hack by just browsing?
Also what is the advantage of this binance

Hey, I provided the link to the corresponding github issue. With JavaScript you can scan the JSONRPC port and for unprotected wallets, you will receive an alert giving away the seed like seed: {"id": 0.7398595146147573, "result": "pony south strike horror throw acquire able afford pen lunch monster runway", "jsonrpc": "2.0"}!

Wow, this is quite unsettling! Nowadays it is not really possible any more to have JavaScript deactivated because most pages require it. The best thing might be to use hardware wallets (such as Ledger or Trezor), but they do not support most of the coins so far.

Please don't hold your bitcoin on the regulated exchanges folks. They will serve their own best interests first, not ours.

This is not about an exchange! The flaw is inside a dedicated wallet Electrum, iti is probably the most widely-used light wallet!

Hi Boxmining,
Unfortunately, Binance has not reopened. At least for me, it is not possible to register.
The page https://www.binance.com/register.html says:

Anybody else with this problem?

Yeah, same. Perhaps it reopened and then closed again; not unlike ski hills here in Minnesota this winter after rain in December.

You might be right. It is, however, very unfortunate for those new in the crypto ecosystem who want to buy some new coins.

I'm in MN too! Got the same message...

Its just timing...I am in MN and got my Binance account about two weeks ago. Could NOT open accounts with some other exchanges due to a lack of agreements with the state.

Yes .

yes I think we missed it :(

thanks for sharing....

great info mate, so many choices of wallets out there ...

Boxmining, please report about all the recent and upcoming Bitcoin hardforks. There are quite a few: https://steemit.com/forks/@smallstepschange/651qu6-bitcoin-forks-latest-overview-forking-dates-block-heights-distribution-ratios-official-homepages
Are they worth the time? Is it secure to claim them?
There is surely a lot of interest in this.

Here is the reddit page with more details about the used ledger wallet scam:
https://www.reddit.com/r/btc/comments/7ofrqf/warning_brutal_scam_guy_buys_a_ledger_nano_wallet/
Watch out, guys!

I think we might get to the $1 trillion cap by the end of january. Nice video. Thanks for sharing.

The entire electrum annoucement > https://steemit.com/bitcoin/@albertogm/warning-electrum-wallet-bug-update-now

Cheers!

You can trust whales and HODLers -- the True* Believers, rather than the quick Buck speculators.

Always great content from you... Electrum hack got me worried..
Wanted to share my analysis of Ethereum Classic:

https://steemit.com/bitcoin/@benkalashnikov/ethereum-classic-etc-analysis-Screen Shot 2018-01-09 at 00.11.28.png322-potential-profit

I know the wallet "Exodus" is not the safiest wallet. I know a few people who got hacked... So guys the safiest wallet is an hardware wallet.

好文。

Daily: MAJOR Electrum Wallet Hack, Binance Reopens!
Greetings to you I like your subject waiting for your next topic

excelent vlog, wooo

this video is very useful thanks @boxmining

Thank you...more information for me.

Great work and sorry if I sound like an illiterate to this you topic. I'm a newbie to crypto

i am new steemit member,, but looking for help,, i liked your post very much, nice work,, nice article nice writting content,,@iramb131

They will surely get a lot of sign ups by tonight.

Moved some coins off Electrum to more secure wallets.

Common standards for wallets:

Multicurrency and multi account wallets based on BIP-44

HD Wallets based on BIP-43

Mnemonic code words based on BIP-39

Multicurrency and multiaccount wallets based on BIP-44

Software wallet that meets these Mycelium.

Hardware wallet Ledger or Trezor

Nick

Certified Bitcoin Professional
Bitcoin Educator 16,000+ Students Online
bit.ly/2xeDSXd

Thanks man,this is a real eye opener,nice post. Happy new year too

about the Ledger middleware hack, I wonder if you reset the device as soon as you get it would that take care of any hack?

this is so sad that they can just hack by just browsing websites

You know what you can use to not get hacked? No Script, Adblock, A password manager for everything. Also use your Crypto on a different machine that you don't use for anything else! :)

Also whats the best wallet for you? Like a local wallet.

glad to be acquainted with you

hmmmmmmmmmmmmmmmm :o

Switched to a Fiat-Free Exchange! Great Charts and no verification required!

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The news i needed re binance upvoted

Binance accounts are way too hard to sign up for. People said they went up for sign up and immediately shut down. I tried asap as well and didn’t get 1 either.
But apparently they will be opening limited spots every day for a limited number of people.
They posted it at about 5:03 am this morning. So I don’t know
If they opened the registration at 5:03 am or are planning to open registration every day at 5 am, which is probably not the best time for most people.
I think they should have some kind of a better sign up system then they do. I don think it should be as hard as it is to get an account with them.
I saw someone selling an account for over $1,000 !! Even though you arnt supposed to, I bet people are buying them too!

I was so looking forward to signup in binance. Thanks for the tip.

In the 17th Chapter of St Luke it is written: “the Kingdom of God is within man” - not one man nor a group of men, but in all men! In you! You, the people have the power - the power to create machines. The power to create happiness! You, the people, have the power to make this life free and beautiful, to make this life a wonderful adventure.

Nic post

this information is very useful for me

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😱

Thanks man,this is a real eye opener & nice post too. Happy new year

Amazing buddy .

💥

Want you to upvoted me.

Informative post.

I am new on steem hope you upvote me and support me thanks

nice , great post !

By seeing this video i think i wont be using Electrum Wallet :D haha

Very informative :}

Hey Michael! Great video as always :)

Sucks to hear about the hacks going on. I was looking to grab a ledger for myself; but I will make sure I buy it from a trusted source. Thanks for raising awareness to potential vulnerabilities in crypto security.

Looking forward to your top coins video man!

See ya

👍

nice video.it is very informative news for steemit user.and bitcoin is the best cryptocurency busyness.

Electrum should sort out these flaws........its scary

This is why I am purchasing a Ledger Nano S!!!!

if the security things like this will come again and again in future than the people will be more scared to invest in crypto currency .
its a very bad thing which have to be taken care very strictly to convince people that their hard earned money is save .

One important thing; Binance has reduced referral earnings from 50% to 20%!

subscribing to your youtube

A good number of exchanges closing their doors on registrations. We need the smaller exchanges to step up. It's COSS.IO's time to shine.

Good post, I am a photographer, it passes for my blog and sees my content, I hope that it should be of your taste, you have my vote :D greetings

Hi there, nice post, I write about this kind of post everyday, if you want to get more information about this follow my account and upvote my latest post.

uh! O_o

I'm very excited about the potential of Ether. It's value lie in its app creation type community and as more are being released to the public Ether will only become more sought after and more valuable.

Thanks, Michael. I've always enjoyed your Youtube channel and learned a lot from your posts. Glad to be following you on Steemit now.

Thanks for the warning, and the update on Binance. I was going to help a friend of mine get set up on Binance on Saturday, but heard last week they stop accepting new customers. Good to see them opening it back up again.

Smart contracts are deterministic exchange mechanisms controlled by digital means that can carry out the direct transaction of value between untrusted agents. They can be used to facilitate, verify, and enforce the negotiation or performance of economically-laden procedural instructions and potentially circumvent censorship, collusion, and counter-party risk. In Ethereum, smart contracts are treated as autonomous scripts or stateful decentralized applications that are stored in the Ethereum blockchain for later execution by the EVM. Instructions embedded in Ethereum contracts are paid for in ether (or more technically "gas") and can be implemented in a variety of Turing complete scripting languages.