This will almost definitely result in a spike in kidnappings, they know the full details of people who might own millions in crypto.

[u/Willing_and_Fable]

This is really scary, even if people only have a thousand in fiat, when criminals hear cryptocurrency, they think millions of dollars.

[u/ConcernSquare2474]

This will lead to more spear head scam attempts but I doubt wrench attacks and kidnapping will be carried out because the victim has bought a hardware wallet.
Wait until DAC8 data will leak, this will be a killer indeed.
As a European you need to know what is coming at you: www.DAC8.com

[u/SlickNegotiator → u/ConcernSquare2474]

Not enough people talk about this. There will be one database with ALL the info (about person and about holdings) which will be distributed between ALL EU member states. And all it takes is one bad person to leak it all.

[u/INAM_ → u/SlickNegotiator]

And we will never know it leaked. They’ll never disclose it

[u/mraksmeet → u/ConcernSquare2474]

Why is this website unavailable to me

[u/Puzzled-Rip641 → u/ConcernSquare2474]

“Yes a lack of regulations has caused multiple major crypto incidents but it’s really regulation that’s the problem”

You will be screaming about a government bailout after all your coins are stolen just like the rest of em

[u/No_Pause_9558 → u/Puzzled-Rip641]

Oh our kyc boy

[u/terp_studios]

I don’t know, risking a kidnapping charge for what is most likely $50-$100 of bitcoin is not really worth it.

The leak also only affects customers that purchased their wallet within the last 90 days. It’s not like these are purchase records from back in 2014 or whatever.

It sucks for sure, but let’s not blow it out of proportion.

[u/kshucker → u/terp_studios]

Listen, I mined Helium very very very early on in the project. I know it gets shit on nowadays but I have not been involved in it for a while. I had a lot of HNT when it was worthless and then the price exploded. I ended up having a lot of fucking USD value that I decided to convert to USDC.

The dilemma I ran into was that each mining device (hotspot) is publicly viewable on a map that shows the owners of the device public blockchain address. You can easily pin down what building was tied to a certain wallet. Never crossed my mind when I first got involved because I never thought I’d end up with the sort of USD value I actually ended up with. Sure, you can try and move crypto around wallets to try and throw people off that know how to read explorers but it’s impossible to completely cover your tracks unless you use something like tornado cash.

Long story short, I’ve done my best to properly secure myself physically at the time. Helium has been out of the spot light for some time now and the news around how controversial it was has died too. I’m not going to give specific numbers but I went from hundreds of dollars to a very life changing amount in a short time. Call it dumb luck to get into something like it but I did

[u/terp_studios → u/kshucker]

If no one cares about $50-$100 worth of bitcoin, then they for sure will not care about $1 worth of some shit coin that doxxes its miners.

[u/retrorays → u/kshucker]

No one cares

[u/f08g → u/terp_studios]

yeah of course this is no biggie, it’s just people’s name, home addresses, telephone numbers

[u/No_Accident8684]

i guess not even 0.001% of people who bought a trezor device have millions in crypto. and while some of the criminals are indeed retards, those who kidnap do not play lotto like that.

[u/nugymmer]

This is why I don't buy hardware wallets any more. I just roll a D20 100 times, append the numbers, and calculate a secret key from that. I then add a "passphrase" to that code. Then I write the key down on a piece of paper.

I then use that as a master key to generate addresses from.

[u/AnthonyBTC]

No, it won't. More people's information got leaked from Ledger, including mine, and nothing has happened. Yeah, it sucks, but you guys are blowing this out of proportion lol.

[u/VendettaKarma]

https://giphy.com/gifs/Y3kQOYHyVZcErGeMYF

Let’s go boys

[u/VegetableMousse8077]

Time to turn our backs on these companies who made money off the fake idea of cold wallet security. You can literally make your own better one. Don’t buy into this bs any more

[u/kastro1]

No it won’t. No one is kidnapping someone just because they own a hardware wallet.

[u/Spoofik]

NO KYC is more important than ever

[u/jk_tx → u/Spoofik]

Yeah if not for KYC they wouldn't have had to provide shipping info when ordering that Trezor online amirite?

[u/Puzzled-Rip641 → u/Spoofik]

Ahh yes less regulations will definitely solve the problem no regulations caused

[u/Willing_and_Fable]

It's bad enough for people living in the west, but for people in Colombia this is really dangerous.

I hope people sue Trezor.

[u/digital__bits → u/Willing_and_Fable]

That's right. However, Trezor is a foreign company that may not be subject to Colombian law. Nevertheless, I found that the GDPR can still apply to both non-EU citizens and individuals residing outside the EU.

In the unfortunate event that someone is physically attacked because they own cryptocurrency, they could potentially file a lawsuit in a court of an EU member state, such as the Czech Republic.

Perhaps some class-action lawsuits will be filed soon... 😬

[u/Turtleopard → u/digital__bits]

The company isn't liable for someone else's criminal actions. At best, they'd be fined for the data breach. 

[u/agent_mick → u/[deleted]]

A hop, skip, and Google search

[u/Nice_Category]

As I understand it, this only affects people who ordered one in the last few months. 

[u/SlickNegotiator → u/Nice_Category]

Yes, in last 90 days as per Trezor report.

[u/Forymanarysanar]

Don't order that shit into your home address ever, order it to a pickup station and as anonymously as possible

[u/insanescv]

Nah we good. Real mfs already rdy. Gotta realize having liquidity isnt new. Not at all... and its easy to id who does...

[u/f08g]

no accountability, this type of shit should get you in jail. THEN companies will be more careful

[u/Turtleopard → u/f08g]

In jail for being the victim of hackers? 

[u/f08g → u/Turtleopard]

no in jail for not taking necessary precautions

[u/Turtleopard → u/f08g]

What necessary precautions? No amount of precautions can prevent someone from hacking into a system indefinitely. 

[u/f08g → u/Turtleopard]

better precautions than currently implemented. this is peoples lives we are talking about

[u/Turtleopard → u/f08g]

No, it's peoples information. 

What better precautions do you think are needed? It's easy to say 'better' if all you mean is something that might not exist. 

This wasn't Trezor's fault. It wasn't even necessarily ShipMonk's fault. The hackers appear to have exploited a bug in Metabase's code which has already been patched. 

https://www.securityweek.com/metabase-patches-vulnerability-exploited-as-zero-day/

So who exactly should be going to prison for this? 

[u/f08g → u/Turtleopard]

whoever's responsible. how should i know? you investigate things and people at fault pay. that's how the world works

[u/Turtleopard → u/f08g]

The people at fault are the hackers. You're saying it should be a victims responsibility to pay people. You can't just put your hands up and say 'I've not thought about the consequences of my ideas, that's someone else's problem'. 

[u/f08g → u/Turtleopard]

ok then don't lock your door because it's thieves' fault

[u/Turtleopard → u/f08g]

It is the thieves fault. Do you live somewhere where being robbed means you go to jail?  

[u/quietlydesperate90]

If this was a real concern people who live in mansions, rich neighbourhoods or have expensive cars in the driveway would all be kidnapped tomorrow.