Over $1mil of crypto stolen from influential crypto investor

Ian Balina is live streaming an ICO review when he realises he is being hacked!

@CaseyLPyne
Published Tue, Apr 17 2018 2:30 AM CDT   |   Updated Tue, Nov 3 2020 11:52 AM CST

Today during a live stream on Diary of a Made Man, Ian Balina noticed something astray... he was being hacked! Balina is a Blockchain and Cryptocurrency investor who has over 150,000 subscribers on his YouTube channel where he reviews ICOS. Balina looks to have lost over $1,000,000 in this hack.

Over mil of crypto stolen from influential crypto investor 160420183 | TweakTown.com
VIEW GALLERY - 3 IMAGES

When he first realised this was happening he put out a tweet showing his ether wallet addresses where his tokens were stolen from and also the wallet addresses of the hackers, asking for help from his Twitter community. The tweets have subsequently been deleted by Balina. The three wallets of the hackers coming to $1,396,986.31 in total, as of writing this article yet you can watch live as the tokens are being moved out, presumably sold, even as soon as 9 minutes ago.

In truly terrible form, there are people commenting in etherscan on the hackers wallet address asking for a slice of the pie by posting their addresses and asking for some of the stolen tokens. Unfortunately, people are saying that Balina made himself too much of a target by posting snapshots of his portfolio which contained upwards of $3,000,000 in tokens.

Over $1mil of crypto stolen from influential crypto investor 160420186 | TweakTown.com

Let this be a lesson, DO NOT keep your crypto in hot wallets! You can appreciate Balina's transparency by posting his gains to show his followers that his money is where his mouth is, but it has come at a cost. If you have crypto, invest in a hard wallet because that is one of the best insurances you can buy. You are 100% responsible for your crypto which also means that if it is stolen or lost... the likelihood of you get it back is one in a million. So, you mean there's a chance? No.

My heart goes out to Balina who has clearly worked hard to get to where he is. He says he isn't worried and he has learnt his lesson but, it sucks.

Over $1mil of crypto stolen from influential crypto investor 160420187 | TweakTown.com

Casey is the host of the podcast Crypto Talk and one of the founders of CryptoTalk.net.au. After helping people buy their first digital assets she decided she loved nothing more than speaking about and educating people on the Crypto sphere! She is a blockchain tech enthusiast, loves to game although she found it hard to move on from Quake II and believes that we are on the fringe of something very exciting so she is here to write about it!

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