this post was submitted on 07 Jun 2024
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Developer posts secret key on GitHub, loses $40K in 2 minutes (cointelegraph.com)
submitted 5 months ago by AnActOfCreation@programming.dev to c/technology@lemmy.world
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  • Web3 developer Brian Guan lost $40,000 after accidentally posting his wallet's secret keys publicly on GitHub, with the funds being drained in just two minutes.
  • The crypto community's reactions were mixed, with some offering support and others mocking Guan's previous comments about developers using AI tools like ChatGPT for coding.
  • This incident highlights ongoing debates about security practices and the role of AI in software development within the crypto community.
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[โ€“] daddy32@lemmy.world 9 points 5 months ago (1 children)

The scanning part is definitely automated by many different actors (for the gains or the "lulz"), but being this fast, also automated key usage (account draining) must have been implemented which is a bit more impressive...

[โ€“] Voroxpete@sh.itjust.works 3 points 5 months ago

Not really. All of the underlying mechanics of crypto are so simple that they can be very easily interacted with by bots. Bots make up the vast majority of all crypto trades; mostly wash trading, but also front-running attacks, scams or outright thefts like this one. There are so many exploitable flaws in crypto that every bug is basically a self-executing bug bounty.