QI Quadriga Initiative

Dec 2018 - Exodus Wallet Bitcoin Cash Theft - $75k (Global)

"So yesterday, I realize my Exodus wallet Bitcoin Cash was all gone and thus began my investigation in how this could all have happened. I have concluded that the culprit is Exodus Wallet and here are the information and you can decide for yourself."

"For some reason, my post gets hidden so I am posting again.

You can read the full investigation at LocalBitcoinCash.org/news/26/ExodusWallet_Hacked(Scam_Wallet?_You_Decide.)

Update: I communicated with the Exodus support and I don't think it is an insider job. Nevertheless, I would still like to warn other users about the backup email issue as it is a security problem. We don't know the routes (and who had access to) that email took to reach your mailbox. I wasn't in the mood to continue the discussion and would just want to put the whole thing behind me and move on."

"I have personally seen several instances where Malwarebytes said a machine was clean, but TDSSKiller found a rootkit infection. It only takes 1 minute to scan, so I recommend it. I also recommend scanning with one other anti-malware program.

No one program - like Malwarebytes - is 100% foolproof. In fact, some malware will deliberately cripple a program like Malwarebytes so it appears that your machine is clean."

Further Analysis

Reddit user MobTwo reports that their Exodus Wallet appeared to have been emptied of all bitcoin cash worth $75k. The community is speculating as to the cause of the loss.

How Could This Have Been Prevented?

More Cryptocurrency Exchange Hacks/Scams/Frauds

Electron Cash Malicious ElectrumX Servers > > < < Coinone Unauthorized Customer Withdrawal

Sources/Further Reading

normal_rc comments on Exodus Wallet Hacked (Scam Wallet? You Decide.) - I lost my Bitcoin Cash and here's my investigation. (Dec 31)
Exodus Wallet Hacked (Scam Wallet? You Decide.) - I lost my Bitcoin Cash and here's my investigation. : btc (Dec 31)
LocalBitcoinCash.org - Buy Bitcoin Cash, Sell Bitcoin Cash, Trade Bitcoin Cash Locally (Dec 31)
https://web.archive.org/web/20200926051313/https://localbitcoincash.org/news/26/Exodus_Wallet_Hacked_(Scam_Wallet?_You_Decide.) (Dec 31)
https://web.archive.org/web/20201109061821/https://localbitcoincash.org/news/26/Exodus_Wallet_Hacked_(Scam_Wallet?_You_Decide.) (Dec 31)
https://web.archive.org/web/20201111182735/https://explorer.bitcoin.com/bch/tx/09276ed239b2eb3f347567ce0baea0d099a809ef5499507bcd7c9f55e9a26831 (Dec 31)
Bitcoin Cash / Transaction / 09276ed239b2eb3f347567ce0baea0d099a809ef5499507bcd7c9f55e9a26831 — Blockchair (Dec 31)


Join Us!

Name: Email:

t.me/QuadrigaInitiative /r/QuadrigaInitiative @QuadrigaInit info@quadrigainitiative.com

Sign-Ups: 100%

Your use of this site/service accepts the Terms of Use and Privacy Policy. This site is not associated with Ernst & Young, Miller Thompson, or the Official Committee of Affected User. For questions or enquiries, email info@quadrigainitiative.com.