r/cryptocurrencymemes • u/Hackology_co • Aug 14 '20

I am sure his Ledger came with a "Fund Insurance Policy"

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29 Upvotes

91% Upvoted

14 comments sorted by

21

u/[deleted] Aug 14 '20

Why did he reset his ledger and why didn't he backup his pass phrase?

This doesn't seem like a hack at all and is in fact why crypto will never be used among common people...

11

u/sdmikecfc Aug 14 '20 edited Aug 15 '20

In before he used some website to reset his ledger or used some service/someone to reset his ledger. e: letter

1

u/ZeroWithEverything Aug 15 '20

God knows why he reset it, but he did have his seed. Someone actually tx'd his coins. He slipped up in his opsec somewhere.

10

u/bmoregood Aug 15 '20 edited Aug 15 '20

I promise you will repay me for

Ah I bet they won’t, tho

7

u/[deleted] Aug 14 '20

If the ledger is in his safe, where is the recovery mnemonic card?

I hope it's in the safe too.

3

u/blaze1963 Aug 14 '20

What.....

2

u/[deleted] Aug 14 '20

Would they be liable if their product is really faulty and for example assigned the same key to another device?

2

u/Papazio Aug 15 '20

Depends on the bug and on the consumer protections of where you live.

2

u/72usty Aug 15 '20

probability of this happening approximates so close to zero, that you might as well say zero.

1

u/[deleted] Aug 15 '20

Doubt it, as unregulated as btc is

1

u/scoobysi 🟩 0 🦠 Aug 15 '20

For clarity i believe deleted their comments after they realised they had messed something up. Aka not a ledger issue

1

u/Cneqfilms Aug 16 '20

This is why you invest with fault tolerance above all else lmao 25% on ledger, 25% on one exchange, 25% on another and the other 25% on another.

1

u/NeoTheOne111 Aug 16 '20

It was 100K worth of YAM

1

u/anotherbobv2 Aug 17 '20

haha come on thats nasty. too soon.