Executive loses $100,000 in Zoom remote access scam

[ABCbits]

I think there could have been some mistake a long the line, I have not heard of hardware wallet hack before. Hardware wallet is known to be very safe means of storing Bitcoin/altcoins, and because of one reason or another, there could be information left on his computer that lead to the wallet hack on my view.

This is not the first complaint about Zoom, but this remote access thing is still weird. I don't recommend Zoom for video meetings. There are safer alternatives like Google Meet and Microsoft Teams.

FWIW there are ways to reduce security risk when using Zoom, such as limiting permission and changing some setting. I'd worry more about privacy issue when using Zoom, such as ToS which state it can use user data to train AI.

Apparently, the victim, despite being the CEO of a vault company, is a layman when it comes to digital security, as he doesn't even know how his crypto were stolen from his ledger. The only way to have his coins stolen from a hardware wallet is to give the seed phrase to the attacker or write it down online on the computer.

To be clear, it's not physical vault but rather multi-currency wallet with many features according to https://www.nfthistory.org/wiki/Emblem_Vault.

[target]

This is a ceo of a crypto platform, that does not speak so well of his platform. There are many things about this story that is unclear, how did they access his hardware wallet, is his seed words stored in plain text in his computer.

For someone who is the ceo of a crypto platform, he should not be easily fooled by social engineering like this, whoever uses his service should look at this and think twice.

You wouldn't expect a CEO of a crypto platform and not know very well of the security of the tokens he hold. The more I think about it the more I see him actually going to the exit door like a scammer. Just my opinion though.

The brighter side is that its just $100k. So far this is the only time I heard of that vault actually. Not a very well known platform so its not going to be a big loss to crypto.

[Forsyth Jones]

FWIW there are ways to reduce security risk when using Zoom, such as limiting permission and changing some setting. I'd worry more about privacy issue when using Zoom, such as ToS which state it can use user data to train AI.

Zoom became widely used for online classes during the pandemic, which significantly boosted its popularity. Although I believe there are better platforms for this purpose like Discord, MS Teams, or Meet (google).

Unfortunately, I think most apps with built-in AI must be using this feature to improve the AI.