In the height of irony, my Atomic wallet (yeah, I know) that I’ve had for years, was hacked and my entire hold back plus earnings were transferred to the hackers wallet within 4 minutes of being deposited from STORJ. A measly $25 total, but my $25.
I burned the Atomic wallet, moved to a more secure wallet w/zkSync enabled and just moving on. Just had to complain.
That really sucks: and you had to wait so long for those holdback tokens! Sorry a dirty hacker took your stuff: but you will rebuild!
This is a pretty good lesson to learn for only $25! Could have been a lot more.
What is there to learn? Wallets get hacked, exchanges get hacked, don’t use crypto?
Loosing your crypto is a risk that you have to accept as long as you deal with it.
But in this regard, exchanges are safer because they can be sued and usualy they return the lost funds to the owners; and have multiple ways to prevent unauthorised access.
The problem is that they are under gov supervision and must obey any stupid law the gov comes up with, like the new one in Cali (?) that says that the exchange can take your funds if they are dormant for more than 3 years.
BTW, what hack are you talking about? I found articles from 2023 about Atomic wallet and 100M in crypto sollen. Is then when it happened to you?
@mi5key I am sorry for your loss.
Banks exist for a reason.
Biggest swindle since Y2K.
Drop your wallet address or QR (Solana/Eth/whatever), we’ll chip in to cover those $25. With your Storj background, you’ll bounce back quick. Let’s support the guy!
It was recent, last months deposit. I call it a hack, because it happened without my permission. My suspicions are that I loaded the wallet onto a Debian vm I have for opening anything that might be considered less than safe.
I checked back on my history and it only happened this one time. I ran all my deposit and withdrawal times through Gemini to look for patterns, and this was the only one that stood out as to be ‘so quick’, 4 minutes after deposit, it was moved.
Yeah, the normal monthly I get now pays for the electricity that the NAS uses. Was never intended to be a money maker. Like I’ve done SETI and protein folding before just for giggles.
You study the steps that led to $25 being exfiltrated rather than having third parties idle in your wallet having you think it was safe? If I was the hacker I would have waited it out for much longer.
My guess is that you installed a fake version of the official wallet. If the official wallet was hacked, you sure were not the only one and a lot of articles were popping out addvertising how insecure crypto is and how easy is to loose your funds. Or the VM is backdoored.
In this case, yes, you should learn something. Verify what you download and install.
This is net negative. Since you should be selling tokens upon receipt, doing so on zksynk will incur massive losses due to spread.
Why?!
Of course they are. They are paid to keep your money safe and abstract the whole cryptocurrency keys and passwords nonsense. I never understand people who insist on DYIing it because… reasons.
Popular sentiment here that “not your keys not your money” is wrong: you shall then keep cash in the mattress, not in banks, because not your mattress — not your cash, according to the same logic.
With a wallet and a passphrase scribbled on a piece of paper you have zero security benefits that come from access pattern analysis and zero early detection. And yes, zero recourse. But all the hassle managing all that. All risk zero rewards.
And then what is the end game? If you need to do anything useful with the funds you have to send them to exchange anyway to exchange for an actual money grown ups use. So, what is this charade with DIY wallets for?
Oh and the whole tokens game instead of normal money? Storj does it because operators tolerate that. No other reasons. Original reason — raising money instead of seeking investors is gone. Cryptocurrencies are worse in every single respect than fiat, and especially in terms of their stated “trustless” benefit — which is a largest scam today. Trust in crypto is not removed but shifted into individuals and processes least equipped to handle it (software, hardware, supply chain, operations, economic — (will miners always behave rationally?), ) all while removing legal trust — contracts, reversibility, liability. So net result is trust is still needed but now it’s non-local and non-auditable. It’s a large casino in the best case, but more likely just a scam.
So, if you tolerate tokens — send them to exchange and convert to cash right away, via L1, with the least moving part, let storj pay transaction fees.
But ultimately I expect people to get fed up by this money cosplay and storj to switch to normal money to pay their vendors. The same money it receives from customers. I no longer buy the “but regulations and taxes” nonsense. Figure it out. Shifting the burden of figuring this out on operators is not a sustainable solution. Storj definitely can afford to pay those $130k a month in real money, but they keep holding on to this scam. Come on. It’s 2026 now. Use real money.
…or at least a stable coin.
Thanks, no handouts are necessary. I treat it as a lesson learned and move on. It’s only $25, but I appreciate the gesture.
I was under the impression that zkSync was best for STORJ due to ETH transaction costs. Is this not the case?
Could be. I usually don’t verify hashes, but on something that holds ‘money’, I should have.
Transaction cost is lower on l2, but storj pays it, not you, and it’s not the whole picture to begin with. You want to minimize cost of receiving usable funds, not just focus on one arbitrary part of the process.
You cannot do anything useful with storj tokens. You have to swap them. Liquidity on L2 is close to zero, because it’s stupid to use L2 for monthly transaction to begin with — they don’t need to be fast or “scale” — so nobody does. Low liquidity means high spread. Often far higher than ETH fee you are avoiding
Do this: specify exchange deposit address at your node. Disable zksynk gimmick. Storj pays gas fee. You swap to USD/EUR/whathaveyou for about 1%. Send money to your bank. Done. I’m in the US and use coinbase. There are exchanges that work just the same. Let them handle complexity and tax paperwork. You receive payments and relax.
You already know why DYIing it only provides illusion of safety at huge cost of transaction fees and your time.
Most exchanges (Coinbase, Kraken, etc) rotate deposit addresses don’t they? That would be another thing I need to keep on top of and monitor. Is there is a failure, it would be silent, and funds will be lost. Direct to Exchange sounds risky to me due to the ever changing landscape (laws, internal rotation, etc) at any particular exchange.
As soon as I get my STORJ, I usually swap it to ETH and it sits there in the wallet.
No they don’t. You can create new deposit addreses if you want, but old ones continue working. It’s in their documentaiton, if you want to verify. It woudl be dumb to silenty change deposit address and break recurent transfers, would not it? It will only self-inflict support paint, for no benefit in return.
These are made up irrational reasons that don’t dominate practical failure modes. This is their liteary one job. It works well. ALternative – is manage it all yourself, pay extra fees, and risk losing funds, just like you arelady did. The “safety” of your self-hosted wallet is imaginary and only exists if you don’t consider all risk factors.
You are optimizing out low risk (address churn) but are taking on much higher one (endpoint compromize and transaction fees)
@mi5key don’t do this, if you are from EU - you will lose them due to MiCA, see
you can just use a hardware wallet