How Losing a Password Just Cost a Company $190 Million
video description
This would have been illegal with real currency due to the various fiduciary regulations in place in nearly every country.
And thats without getting into the economic fundamentals of the concept. Its a commodity, meaning spending is driven by speculation skewing demand. That doesnt sound scary until you unpack that and realize it means you dont know what the price of goods will be until you buy, meaning you cant budget. It fundamentally cannot be a currency by itself because of that. It relies on having fiat currency you can exchange it for.
Date: 2023-12-14
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Comments and reviews: 11
-kuremaClaimer
Using dashlane is not a answer for this case, of course. The point of the cold wallet is that they are securely stored so that nobody malicious can steal it. If he send the password to someone else, whole of the company could mean nothing. Well, exchange is the business so there's some point still and even if dashlane know password, they can't get $190 Million without the computer or the software installed, but still. And there may be master password and end-to-end encryption but in this case nobody else can access the computer anyway, problem not solved.
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Using dashlane is not a answer for this case, of course. The point of the cold wallet is that they are securely stored so that nobody malicious can steal it. If he send the password to someone else, whole of the company could mean nothing. Well, exchange is the business so there's some point still and even if dashlane know password, they can't get $190 Million without the computer or the software installed, but still. And there may be master password and end-to-end encryption but in this case nobody else can access the computer anyway, problem not solved.
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-Piyushshastry
I didn't even start watching the video, but I'm guessing from the title this video must be sponsored by dashlane.
Edit: Watched the first 5 seconds and I guessed right.
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I didn't even start watching the video, but I'm guessing from the title this video must be sponsored by dashlane.
Edit: Watched the first 5 seconds and I guessed right.
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-volcomstoned876
Why would you even suggested could-ve been solved if he was using Dashlane? That's the dumbest statement I've ever heard for the sake of forced advertising.
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Why would you even suggested could-ve been solved if he was using Dashlane? That's the dumbest statement I've ever heard for the sake of forced advertising.
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-michalbina6178
Hello, I'm from the future. Turned out Quadrigacx was just a ponzi scheme, and there is propably no money on that hard drive. Laptop was never decrypted.
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Hello, I'm from the future. Turned out Quadrigacx was just a ponzi scheme, and there is propably no money on that hard drive. Laptop was never decrypted.
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-manutd9873
Ahhh, I see what u did with the thumbnail lol, u put a censor on the guys mouth as if he was swearing or something but the censor was a password thingy ---
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Ahhh, I see what u did with the thumbnail lol, u put a censor on the guys mouth as if he was swearing or something but the censor was a password thingy ---
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-khushroo
Considering the death certificate was indian which can be easily got by greasing a few people, im prettu sure a massive con job has been pulled off
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Considering the death certificate was indian which can be easily got by greasing a few people, im prettu sure a massive con job has been pulled off
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reallifelore
Johnny from the future here, I cant believe he actually faked his death. That guy would have been a genius if he didn-t get caught.
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Johnny from the future here, I cant believe he actually faked his death. That guy would have been a genius if he didn-t get caught.
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-Skarrz72
That password that was lost wasn't, 1, 2, 3, 4, 5, was it? That's the same password an idiot would have on his luggage.
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That password that was lost wasn't, 1, 2, 3, 4, 5, was it? That's the same password an idiot would have on his luggage.
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-octolevi
RLL: several security experts have tried to crack it but no one has been succesful
me, overconfident: i could
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RLL: several security experts have tried to crack it but no one has been succesful
me, overconfident: i could
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reallifelore
Embezzlement, fake your own death and profit, potentially. That or they haven't found the password yet.
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Embezzlement, fake your own death and profit, potentially. That or they haven't found the password yet.
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-caliqm2199
Do. do all those hackers not know that you don't need to decrypt a hard drive to access the internals?
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Do. do all those hackers not know that you don't need to decrypt a hard drive to access the internals?
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