Exodus Bitcoin Wallet: $490K Swindle
popey.com
tl;dr: A Bitcoin investor was recently scammed out of 9 Bitcoin (worth around $490K) in a fake “Exodus wallet” desktop application for Linux, published in the Canonical Snap Store. This isn’t the first time, and if nothing changes, it likely won’t be the last. This post turned out longer than I expected. So if you don’t have the time there’s a briefer summary at the bottom under “In summary (the tl;dr)” along with my suggestions on what Canonical should do now.

A Bitcoin investor was recently scammed out of 9 Bitcoin (worth around $490K) in a fake “Exodus wallet” desktop application for Linux, published in the Canonical Snap Store. This isn’t the first time; if nothing changes, it likely won’t be the last.

  • PoliticalCustard@lemmygrad.ml
    73·
    10 months ago

    That is an absolutely fascinating article on the technical operation of a scam app. A definite warning to us all. Also I was very interested to read the terms and conditions of the Snap Store, specifically section 14: Limitation of Liability (which could be titled “Sorry, You’re Fucked”).

    I don’t like bitcoin, it’s an environmental disaster that had potential but has turned into a highly volatile speculative device beloved by libertarians, grifters, and scammers. I do feel for the person who lost the coins, that cannot be a very nice experience to deal with.