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Prominent cryptocurrency reviewer Ian Balina has lost $2 million in a cryptocurrency hack — or has he?

Cause for Question

While in the middle of a YouTube livestream, popular cryptocurrency proponent Ian Balina received the following message:

Ian, did you know that somebody transferred all your tokens from your account?

As it turns out, Balina’s stockpile of cryptocurrencies, worth $2 million USD, disappeared from his wallet — causing the cryptocurrency evangelist to cry hack, writing on Telegram:

Hey Crypto Family, I need you now more than ever. I had to end today’s live stream abruptly because I am being hacked.

Crypto Family, I need you now more than ever. I ended today’s live stream b/c I am being hacked. I’m not worried about the money. I learned my lesson. I only care about catching the hacker. Please email any information to [email protected] Thank you all the support. $ETH $BTC

— Ian Balina (@DiaryofaMadeMan) April 16, 2018

In a now-deleted Telegram message, Balina explained:

This is how I think I got hacked. My college email was listed as a recovery email to my Gmail. I remember getting an email about it being compromised, and tried to follow up with my college security to get it resolved, but wasn’t able to get it handled in fast manner and gave up on it thinking it was just an old email.

I kept text versions of my private keys stored in my Evernote, as encrypted text files with passwords. I think they hacked my email using my college email, and then hacked my Evernote.

However, not everyone in the cryptocurrency community is convinced.

As noted by Gizmodo, Balina’s explanation doesn’t make a lot of sense, as “Evernote’s system requires that a user remember their passphrase, and it can’t be reset through a recovery email.”

Furthermore, other aspects of the high-profile hack don’t quite line up and have given some cause to question Balina’s sincerity.

Charlie Shrem, one of the earliest Bitcoin millionaires, found Balina’s claims - click here to read the rest of this article