Life Savings Stolen from Coinomi Wallet [IvanOnTech/Boxmining]

[dragononcrypto]

ALL HODLERS BEWARE! INSIDER JOB? Programmer explains

A person lost their life savings from the COINOMI crypto currency wallet. Today we talk about how that hack happened exactly, how COINOMI let this happen and what the likely chain of events was. Another important aspect is how COINOMI responded to this issue and communicated this to the public. We will also discuss the fact that many miners mine empty blocks and why they do it.

News: Life Savings Stolen from Coinomi Wallet ?!

Coinomi wallet security is called to question today, as a user claims that his entire life savings were lost due to a wallet bug.

[MVT$]

I'm ditching my coinomi wallet. Ivan raised good points here on how they responded.

[toheed2x]

better to hold your coins offline wallets 

[dragononcrypto]

I'm ditching my coinomi wallet. Ivan raised good points here on how they responded.

I'd also recommend transferring your assets to a new wallet, the issue here is not just that someone's life savings were hacked, but that Google could well have a enormous cache of 12 / 24 seed words from Coinmi's API over the years that some employees may start to look into.

If a wallet has been compromised, ALWAYS move your funds. Don't wait for further reports of hacks, as you might be included in it.