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URGENT! Ian Balina ETH hacked – lessons

Ian Balina is an influential blockchain and cryptocurrency Investor, Advisor, and Evangelist, was hacked today. More than $1,9 mln have been stolen. Information seems to be trustful because Ian Balina  had to end today’s live stream abruptly.

Ian Balina is former Analytics Evangelist at IBM. He’s well-known  after he has brought a data-driven, “money-ball” approach to investing in cryptocurrency token sales, ICOs. He and his investor syndicate had invested up to $10 million in promising blockchain startup’s. Currently he is involved as advisor to Pareto Networks, GoNetwork, and Nucleus Vision.

This is how it was most likely happed from Ian Balina himself:

  • My college email was listed as a recovery email to my Gmail. 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 fast manner and gave up on it thinking it was just an old email. I kept text versions of my private keys stored in my Evernote, as encrypted text files with passwords. I think they hacked my email using my college email, and then hacked my Evernote.

There are at least 2 lessons from these. First on: be utterly careful with your passwords, especially  while storing them somewhere in the Internet. Second: don’t store your money on the exchanges.