It seemed Balina discovered something was amiss when he was required to sign back into Google to save changes to the spreadsheet he was using, saying “I have to get going” and completing the stream.
There were a wide range of vulnerabilities in Balina’s security which he recognized were the the hack reason. His major email account was supported by only an old college email account, desolated long ago. In the occasion of Balina losing the password to his account, the college account could be used to reset the keyword. Hackers revealed this account and accessed it, using it to reset the password and access the main account where they came across the second main security breach.
Balina stored the personal and public keys he was necessary to pass his digital assets on popular cloud storage program Evernote, safed with password protection. Having accessed the main email, it was not difficult to reset the Evernote password and get access to millions of dollars worth of cryptocurrency. Balina remembers receiving a message about his college account being targeted.
I remember getting an email about it being compromised and tried to follow up with my college security to get it resolved, but wasn’t able to get it handled in a fast manner and gave up on it thinking it was just an old email.
Ian Balina, crypto investor
The hack occured days after Balina shared his portfolio on Twitter, what might have encouraged hackers to target him. The security fail has reduced to wider discussion about whether other cryptocurrency users are keeping their keys safely, and may in turn lead to extra precautions being adopted by other Bitcoin investors.