When I saw the news about Jaxx earlier, I breathed a huge sigh of relief. I only got involved with BTC a week or so ago. I quickly found Jaxx and liked its cross-platform capabilities. But then the MacOS version lost the ability to refresh its status and refused to update the values.
While the iOS version continued to function well, I decided that I couldn't really trust my funds to a networked product that couldn't even handle the simplest of network tasks.
I posted a support ticket with Jaxx and then immediately moved my funds to a (hopefully) more secure wallet.
Thanks for the detailed and thoughtful article. Some very good points there, especially for us noobs.
You're welcome. Thank you for the reply. There was a lot of click bait and fear placed into users. When people hear hack these days they immediately think everything is stolen I suppose. Jaxx was hacked but it wasn't the worst possible thing that could happen - thank god! I do feel bad however for the noobies that are coming into the market excited and now feel like they have lost it all.
It's my hopes that JAXX takes care of these people because at the end of the day their lack of encrypting data is what caused the issue. Their lack of listening to devs from security firms and from Fluffy (Monero Dev) is what caused a lot of this. This was really a circle of SHIT because the same people that "reported it" should have done so in a more quiet environment vs. putting it out there to vengeful hackers.
We will see what happens going forward of course. If JAXX doesn't lose their ass here and go bankrupt over it, you might see a much more secure system come out of it. One that I would rather see come now vs later. Make sure to look at some hard wallet options and of course make sure to make your PC secure as well. :)
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