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This article was originally posted on Bitcoin News - delivering news related to the Bitcoin network from multiple locations around the world. For more follow the link below. Early theories assumed this to be a new low in the so-called Civil War between supporters of bitcoin core and BCH. Reddit is a news aggregator fueled by subreddit discussion boards which fill every kind of topic niche.
It is owned by media conglomerate Advance Publications, and is routinely in the top ten most visited websites. The attacks were seemingly so base, early thinking went toward an inside job. Perhaps a rogue Reddit admin had snatched bitcoin cash, came an initial theory. And then a half dozen other bitcoin cash-favoring forum users were compromised, especially those tipped through Tippr. Obviously, bitcoin core supporters had taken to ire, doing so as a new low.
They might hate bitcoin cash, but no one turns down free money. Tippr is a bot used on Reddit for the purposes of tipping users in BCH. An example might be: The recipient must have a BCH wallet, and then message the bot in return, listing the BCH wallet address and include the amount. The bot dutifully answers in confirmation, and so the recipient can now access funds. The culprit evidently was tracking such public posts, causing Tippr to go dark, pending results, as the developer learned of the investigation.
The attack came as a reset from Reddit in email form. My email account also has 2FA. Whatever the case, this does appear to be something of a new kind of attack allowing access to Reddit accounts, a vulnerability hitherto unknown. It now could at least be plausible either a Reddit employee was on the make or a dastardly bitcoin core jihadist was involved.
Tippr is the common denominator, and where there is money to be taken no other motive need be ascribed. Tippr is used not only on Reddit forums but also on Twitter. Once the incidents were discovered, Mr. Danielson disabled the bot for Reddit. For its part, Reddit is pointing fingers at its automated email subcontractor Mailgun. Though the number of users impacted was roughly a dozen, someone could gain access to resetting emails through Mailgun, a potentially huge problem for Reddit going forward.
Reddit has since dropped Mailgun in favor of its own server. A Reddit engineer did finally respond to multiple requests by users for public comment. What are your thoughts on the bitcoin cash hacks? Let us know in the comments section below. Need to calculate your bitcoin holdings? To read more from Bitcoin News follow this link. Leave a Reply Cancel reply Your email address will not be published.