mbarulli on Nostr: In 2020, ~270k bitcoiners around the world freaked out because of the data breach ...
In 2020, ~270k bitcoiners around the world freaked out because of the data breach suffered by Ledger. The leaked information consisted “only” of email addresses, names, phone numbers, and home addresses. This data was later used for targeted phishing campaigns, and, allegedly, a few physical attacks as well.
Fast forward to today: bitcoiners are totally cool connecting their wallets and exchange accounts to crypto accounting services (e.g.: Koinly, CoinLedger, TaxBit, Coinpanda, ...) that download and store transactions and balances on their servers alongside personal data. These services could definitely leak a richer data set than Ledger.
An attractive target for attackers interested in chasing crypto riches. Essentially a honeypot waiting to be exploited.
Moreover, these accounting services are often run by small startups with a questionable security mindset, and undisclosed security policies and protocols. This raises concerns about their ability to protect user data.
What do you think? Am I missing something here?
(If you believe that "tax is theft", then this question may not be relevant to you, as it's unlikely you would use accounting solutions designed to help with tax compliance.)
Fast forward to today: bitcoiners are totally cool connecting their wallets and exchange accounts to crypto accounting services (e.g.: Koinly, CoinLedger, TaxBit, Coinpanda, ...) that download and store transactions and balances on their servers alongside personal data. These services could definitely leak a richer data set than Ledger.
An attractive target for attackers interested in chasing crypto riches. Essentially a honeypot waiting to be exploited.
Moreover, these accounting services are often run by small startups with a questionable security mindset, and undisclosed security policies and protocols. This raises concerns about their ability to protect user data.
What do you think? Am I missing something here?
(If you believe that "tax is theft", then this question may not be relevant to you, as it's unlikely you would use accounting solutions designed to help with tax compliance.)