DOGE Reddit TipBots Creator Stole Funds from Users (impossible to happen on STEEMit!)
DOGE is a currency known for tipping people and there are 2 most popular places where tips happened - Reddit and IRC.
The bot were of course centralized, wasnt runned by DOGE Foundation but just by an user who made some bad business decisions, and seems stole DOGE to fix his problems.. then didnt buy it back.
Want to check if you had something? Go to http://dtb.space/
Then link you reddit username and you will end with such options [and balance above]:
It is said the bot had 108,911,472.26171964 DOGE that are missing.
At current prices its around 140k USD.
The "funny" thing is that 9 days ago the creator posted a PSA to watch for your funds:
Current DOGE Markets
Luckily we are on Steemit, here the upvotes are tips and they are on blockchain.
Another reason why Steeemit is a good place to be at.
Follow, Resteem and VOTE UP @kingscrown creator of http://fuk.io blog for 0day cryptocurrency news and tips! |
 |
|---|
That's why opensourced solutions are better for bot to scale or have flexibility and "trustless" setups...
Yeah for sure, im also pre open-source thats why im happy Steemit took down the license limits
That is just sad!
Yeah very..
II am reading some posts and hey, he is trying to fix it. So he is not as that bad person then.
If he fixes then i will post update, for now this post is facts only
Holy shit. I guess it proves the refrain about owning your private keys....
Wow thank God I'm here on steemit.
Yeah Steemit rocks with decentralization of tips
yea thats good we have streamit. I practically forgot about facebook jeje.
Well, Steemit Inc could in theory start stealing people's private keys with javascript.
You could have a browser extension which automatically checks for code changes, but I don't think anyone is using such a thing right now.
Yeah not sure how to prevent that or how thats exploitable. Maybe something that INC or other good coders here should address
It's perfectly preventable, there are browser extensions which protect against the same thing for other websites involving client side privacy/encryption. But people have to actually use the extension..
In the early years at least, the biggest protection are savings accounts and Steem Power, so that you don't lose everything instantly ust because you were hacked. The account recovery process can help with it too as long as the sponsorship of signups becomes more decentralized as well.
And of course while Steemit Inc holds a bunch of Steem Power, they'd only be destroying their own wealth by doing something like that. But it could be done by a rogue employee.
If you have em handy please share - ill get into this and i msure other users will benefit too. Maybe even make a post about it for awareness
The extensions I'm thinking of are custom made for the specific websites. I don't think it's a serious concern for now.
Gotcha, ill test this though for some fun https://chrome.google.com/webstore/detail/scriptblock/hcdjknjpbnhdoabbngpmfekaecnpajba?hl=en
The really sad thing is what Mohland already had stolen the funds a few years ago to try and payback his failed business venture, and was operating Dogetipbot with fractional reserve since, and with the recent increase in value came in the difficulty in paying back as well as an increase in hacking attempts on accounts.
I personally didn't lose that much, less than 1 USD, so no biggie , but it does teach the most important lesson of all regarding cryptos : If you do not control your keys, you do not control the coins !
Yeah ive lost full 25 DOGE ;)) I dont keep coins on such bots
Steemit is great! No scams here.
Thank u kingscrown! very helpful keep posting & helping us! I am new to all of this blockchain tech, but as a financial guy invested in crypto already, Bitcoin & ETH. still keeping them without a wallet because I don´t know yet how to use it! so if you have some good tip about wallet and some other basic pls tell me! THANK U AGAIN! voteup, resteem & retweet ! =)
Much shock. Wow. Such steal.
Trust everyone, but cut the cards.
Haha - when you hold DOGE you deserve it.... lol.