Crypto Investor Hacked for Millions during Livestream

Well-known cryptocurrency investor and Youtube figure Ian Balina finished a livestreamed ICO review last night when he understood he was being hacked
16 April 2018   200

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.

Australia joins the crypto-discussions arena with Bitcoin & Blockchain Fair

The inaugural Bitcoin and Blockchain Fair will be presented at the Sydney Showgrounds on May 12-13 with an all-round program about cryptocurrency and blockchain
21 April 2018   36

A high profile event in cryptocurrency and blockchain is coming to Sydney, Australia on May 12-13 – Bitcoin and Blockchain Fair. The conference will provide a platform to interact and discuss on all areas of the cryptocurrency and blockchain technology sectors (fintech, investment, venture capital, regulation, ICO, etc.), current opportunities and perspectives in the form of a Forum and an Exhibition Showcases.

The Exhibition Showcase that will allow to exhibit showcases and engage with crypto services providers, government and fintech startups. Forum is the bulk of the conference and is comprised of 2-day sessions to allow international speakers and industry leaders of the crypto and blockchain sectors a chance to share their expertise. May 12 is focusing on cryptocurrency and ICO engagement; May 13 wil cover blockchain technology overview, case studies, solutions and future trends.

The fair is organized by ABF Business and Principal Sponsor Coinspot. Exhibitors and Speakers include attendees from Asia, Europe and USA together with key Australian high profile crypto & blockchain enterprises. The full agenda of the event can be found here.