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.

  • Honytawk@lemmy.zip
    9·
    10 months ago

    If the energy used to mine is sustainably generated, there’s nothing BTC can do to hurt the environment

    Except of course, use the sustainable energy that was otherwise used for actually useful things.

    The real fundamental problem with crypto is of course that it is just going so great.

    • teawrecks@sopuli.xyz
      2·
      10 months ago

      use the sustainable energy that was otherwise used for actually useful things.

      But you could use that argument against literally anything you don’t like.

      Consider the situation where we live in a society where 100% of energy generated is sustainable. Now imagine the society faces a problem where 90% of that energy is being sold off to private citizens to use for whatever they choose, be that mining crypto, or space heaters (same thing, really) and as a result the society’s infrastructure is left without enough energy (hospitals, emergency services, etc). What would you say the solution is in that situation?