this post was submitted on 21 Feb 2024
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A Bitcoin investor was recently scammed out of 9 Bitcoin (worth around $490K) in a fake “Exodus wallet” desktop application for Linux, published in the Canonical Snap Store. This isn’t the first time; if nothing changes, it likely won’t be the last.

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[–] [email protected] 89 points 6 months ago (2 children)

Since the snap store is proprietary, canonical should be liable for it.

[–] [email protected] 12 points 6 months ago (1 children)

Yeah especially since they had a "verified safe" label on it in the snap store web page.

[–] [email protected] 3 points 6 months ago
[–] possiblylinux127 8 points 6 months ago* (last edited 6 months ago)

The opposite of this would set a terrible precedent

[–] [email protected] 30 points 6 months ago (8 children)

Bitcoin is just a scam in general.

"Bro, I'll sell you this really complicated number. No one else has it."

"What can I do with it?"

"Sell it for more money to a bigger fool than you."

"I'm in.*

[–] [email protected] 57 points 6 months ago (6 children)

That's not fair. You can also ruin the environment with it, it's baked into the technology.

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[–] [email protected] 29 points 6 months ago (2 children)

“Bro, I’ll trade your food for this fancy piece of paper”

“What can I do with it”

“Trade it for more food with a bigger fool than you”

“I’m in”

(Not saying that you’re wrong, just your argument is stupid)

[–] [email protected] 30 points 6 months ago (2 children)

The problem with most crypto compared to regular money is that it's often seen as an investment. However, one of the most important factors for a currency that is used in everyday transactions is stability and predictability. Money is supposed to ease trading goods and services as a universal middleman. It's not supposed to make someone rich who invested first.

Of course there's also inflation and deflation with regular money but as soon as that's getting out of control, it typically leads to serious economic issues.

[–] [email protected] 1 points 6 months ago

Not to sound like a shill or anything but that's what's great about monero. Its actually used on a daily basis as money because it wasn't designed to be an investment vessel. Unlike most crypto currencies monero is one a few if not the only crypto currency that could suffer from inflation as there is an unlimited supply however this works out in avarage uses favor as there's no scarcity based value which means there's less speculation trading leading to a more stable price. I'm not sure what the long term effects of having an unlimited supply of monero is but their justification is that it's a predictable fixed ammount added which will prevent hyper inflation.

Once again I'm not a crypto shill, I'm literally saying investing in crypto is a bad idea and to only use it for it's utility.

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[–] Honytawk 3 points 6 months ago (1 children)

“Trade it for more food with a bigger fool than you”

Or of course buy any other commodity that you require in life. Which isn't the case with any crypto.

[–] [email protected] 3 points 6 months ago

That only works if you find someone who accepts your money. The difference to crypto is that most people accept money, only few accept crypto

[–] [email protected] 10 points 6 months ago

Of course based on that definition. Fiat currency is the same. Just without the complex number.

I am really not a huge fan of crypto. But honestly all modern (post gold standard) money. Is entirly based on users confidence in the nations backing it. The proof of work used for bit coin. Really is no more a matter of faith in folks dumb enough to buy it from you later.

[–] [email protected] 6 points 6 months ago

Uh oh, you've awakened the crypto bros...

[–] [email protected] 2 points 6 months ago

That's how all currencies work.

"Bro, I'll sell you this piece of paper with a number in it" etc.

[–] [email protected] 2 points 6 months ago (1 children)

That's a bit how currency works in general, the only reason why that piece of paper / metal has value is because we agree that it does (mainly large banks will back it). People also buy and sell currency

The issue is around it being seen as an investment more than as a currency?

[–] [email protected] 1 points 6 months ago

Its a currency. The finance sector us cancer for commoditizng everything. They've caused famines by markets trading of food.

[–] [email protected] 0 points 6 months ago

So you think Blackrock fall into a scam too?

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[–] [email protected] 27 points 6 months ago

It's sad, but as a crypto user I'd be sketched out enough about using a centralised hot wallet app like Exodus in an official capacity, let alone entering my private key in something installed via a 3rd party app store. This probably happens on the Play Store a few times a week, and that's on a bigger platform with a full security review process. It's ultimately unavoidable.

[–] [email protected] 14 points 6 months ago (1 children)

Targeting linux desktop. Damnn

[–] [email protected] 6 points 6 months ago (2 children)
[–] [email protected] 6 points 6 months ago

Truly, the year of the Linux desktop!

[–] LiveLM 2 points 6 months ago

For all the wrong reason, I can totally see some coiner bro tweeting this headline going "this is why your should use #windows when handling your #bitcoin" 🙄

[–] [email protected] 11 points 6 months ago

It's a good thing bitcoin is more secure than fiat money

[–] [email protected] 9 points 6 months ago
[–] [email protected] 7 points 6 months ago (6 children)
[–] [email protected] 6 points 6 months ago (1 children)

That's is the genuine one. There is a genuine company called Exodus for Crypto. The problem is that a scammer made their own clone and nobody verified whether they really are from the Exodus company.

If you check the manifest on Flathub you'll see they verified it belongs to the real Exodus

[–] [email protected] 1 points 6 months ago

Yes. You are right. Thanks. Just listened to the Linux Matters podcast episode about this. Crazy.

[–] [email protected] 4 points 6 months ago* (last edited 6 months ago) (1 children)

42,396 installs.... Holy shit.

Edit, from the article:

This “Exodus” application published in the Snap store was indeed a scam application. There is a genuine organisation that developed a real, seemingly ’legitimate’ cryptocurrency wallet application. This is not that.

Any chance that the FlatHub one is legit?

[–] [email protected] 5 points 6 months ago

Apparently the Flathub one is indeed legit

[–] [email protected] 2 points 6 months ago (3 children)

I mean FlatHub isn't safe in general. You could just target someone downloading the package and give them a malicious package instead. FlatHub doesn't check sigs, so its a hot mess

[–] [email protected] 4 points 6 months ago* (last edited 6 months ago) (1 children)

They seem to be doing more on that side than Canonical is. But I agree, it should be MANDATORY that the developer is thoroughly vetted and approved and the code run and checked before publishing.

I hope this is a wake up call for Snaps and Flatpaks.

Apps from the repo have the security, which is why I always default to the distribution repo

[–] [email protected] 1 points 6 months ago (1 children)

it should be MANDATORY that the developer is thoroughly vetted and approved and the code run and checked Brexit before publishing.

Brexit?

[–] [email protected] 2 points 6 months ago

Damn autocorrect...

[–] possiblylinux127 1 points 6 months ago (1 children)

Its not terrible but its certainly not great either

[–] [email protected] 1 points 6 months ago (1 children)

Its pretty terrible compared to normal OS package managers.

[–] possiblylinux127 1 points 6 months ago (1 children)

How so? I just open up gnome software an search for the application I need

[–] [email protected] 1 points 6 months ago

Cryptographic verification of the packages authenticity

[–] [email protected] 1 points 6 months ago* (last edited 6 months ago) (1 children)

The repo is gpg signed. I don’t know why you think thats not sufficient.

“packages” don’t exist like traditional distros. Its a large repo of data.

[–] [email protected] 1 points 6 months ago (1 children)

Point me to the documentation that describes this

[–] [email protected] 1 points 6 months ago (1 children)
[–] [email protected] 1 points 6 months ago (3 children)

This isn't even the right project's documentation

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[–] [email protected] 2 points 6 months ago* (last edited 6 months ago)

It’s produced without upstream involvement but does seem to be legit so far. I placed a post seeking clarification about the Flatpak situation on Reddit 6 months ago. I quickly got a response after posting it. However, the response was from some scammers and I never got a response from the company behind it itself.

[–] [email protected] 4 points 6 months ago

That is an absolutely fascinating article on the technical operation of a scam app. A definite warning to us all. Also I was very interested to read the terms and conditions of the Snap Store, specifically section 14: Limitation of Liability (which could be titled "Sorry, You're Fucked").

I don't like bitcoin, it's an environmental disaster that had potential but has turned into a highly volatile speculative device beloved by libertarians, grifters, and scammers. I do feel for the person who lost the coins, that cannot be a very nice experience to deal with.

[–] [email protected] 0 points 6 months ago

LOL, you should have DYOR and used a cold wallet. You clearly don't understand the complexities of Bitcoin, have fun staying poor!

/s

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