Famous YouTuber Lost $2 Million Worth Crypto-Coins During Livestream

Famous YouTuber Lost $2 Million Worth Crypto-Coins During Livestream

One might not be protected from hackers in the sphere of cryptocurrencies, even if one is the person who knows everything (or at least a lot) about cyber money, the blockchain, and tokens.

Recently, a YouTube vlogger, who creates content about digital assets, – Ian Balina – got hacked during his live stream session and lost $2 million in cryptos, a per The Next Web.

Our top trading bots

According to Etherscan, the wallet operations demonstrate that the immense part of Balina’s units was withdrawn from his account at the moment when he was running the live stream.

Among the coins, that the vlogger lost, there were:

  • over 20 million Nucleus Vision
  • 2 million Pareto Network
  • 1 million Loom

Hacking A YouTuber

Balina is famous for reviewing various ICOs (including the sponsored ones). He is thought to be an influencer in the niche of tokens as long as he creates reviews for ordinary investors. There are more than 117,000 subscribers, whereas there are over 26,000 Balina’s supporters on Telegram.

And on that dark (for him) day he was surveying one of ICOs on his channel. Nothing foretold troubles when all of a sudden Balina’s viewer informed him that “somebody” dispossessed all units from his crypto-wallet.

In the comments section, the person wrote:

“Ian, did you know that somebody transferred all your tokens from your account. Hope that it’s controlled movement.”

At first, the YouTuber did not pay attention to the warning, and he kept streaming his review. However, some 15 minutes later the live feed ultimately fell.

Allegedly, the session plucked because the electricity went down. But some hours later the vlogger continued the live stream. And only then he realized he had been signed out of his Google Sheets account.

With time the man revealed in his Telegram that he had been compelled to close his session suddenly as long as he got hacked.

Balina said the following:

Sometime later the vlogger went on to Twitter to announce:

How Did Hackers Do It?

Balina has some suggestions concerning the cyber-attack. He believes that the hackers managed to crack his profile through his old college email address.

“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 a fast manner and gave up on it thinking it was just an old email,” Balina said.

The vlogger also supposes that it is Evernote that was hacked through his old email. Right there he stored the keys to his wallet:

“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.”

It is noteworthy that, according to Balina’s words, the intruders have already started moving his assets to such famous cyber money trading venues as KuCoin and Binance.

This story is a good reminder to everyone who neglects the simple rules of safety standards.

Bill to regulate crypto in Brazil for first time heads to Senate vote
The Brazilian Senate is set to vote on a bill which would make the country the biggest in Latin America to regulate cryptocurrency. The crypto bill was...
Sequoia Capital launches crypto fund worth up to $600M
American venture capital firm Sequoia Capital has launched a new cryptocurrency fund as part of its ongoing efforts to bootstrap the next generation of...
Block, formerly Square, will allow users to gift BTC for the holidays using Cash App
Digital payments company Block, formerly called Square, has announced that Cash App users will be able to gift friends and family both crypto and stock...
CFTC renewed: What Biden’s new agency picks hold for crypto regulation
On Sept. 14, United States President Joe Biden revealed his picks to fill two vacant seats at the United States Commodity Futures Trading Commission (CFTC)....
Next stop $85K for Bitcoin as analysts predict ‘explosive’ Q4 for BTC price action
Bitcoin (BTC) is heading for at least $85,000 in Q4 this year and could well surpass the $100,000 mark, new research says.In its latest market update on...
The future of finance is DeFi intelligence
Decentralized finance has become one of the fastest-growing sectors within the cryptocurrency ecosystem over the past year. At the time of writing, the...
Norwegian FSA sees urgent need for crypto investor protection
Amid Bitcoin's (BTC) drop to six-month lows below $30,000 on Tuesday, a Norwegian financial regulator warned investors that the cryptocurrency industry...
Bad call? Bitfinex bears closed a block of Bitcoin shorts before the drop below $32K
Bitcoin price is still in a rut, trading near $33,000 and trapped in a downtrend that just seems to get worse with the passing of each day. As the price...
Adopting the Bitcoin standard? El Salvador writes itself into history books
The cryptocurrency space and wider economic community continue to laud a historic move by El Salvador to recognize Bitcoin as legal tender. The Central...
Galaxy Digital submits Bitcoin ETF application with SEC
Galaxy Digital has submitted a Bitcoin (BTC) exchange-traded fund filing with the United States Securities and Exchange Commission. According to the form...
Price analysis 3/26: BTC, ETH, BNB, ADA, DOT, XRP, UNI, THETA, LTC, LINK
Glassnode data shows Bitcoin (BTC) exchange reserves on Coinbase have dropped by about $8 billion. This indicates that institutional investors are locking...
Default auditing for DeFi projects is a must for growing the industry
The radical opportunity presented by decentralized finance has garnered significant attention from investors and speculators alike. The total value locked...
Robinhood targets expanded cryptocurrency trading business
Robinhood CEO Vlad Tenev has said the company is working towards increasing its cryptocurrency trading service.In a fireside chat posted on the broker’s...
Facebook Sets Up A Blockchain Group Led By Coinbase Board Member
The head of Facebook’s Messenger David Marcus, who had been leading the development of the app for four years, announced he is quitting the position. Now...
Microsoft Embraces Blockchain, Plans to Implement Decentralized ID System
Last month, in Switzerland, there was proclaimed ID2020 Alliance, which is a project, based on blockchain tech trend. It has aimed to make people’s lives...