Sidharth Ramesh
1 min readJan 3, 2018

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Truly revolutionary work you're doing with IOTA and the Tangle.

I just lost all of my IOTAs to a hack. This happened because, after the snapshot, the wallet regenerated an address that had already been used before. I assumed it's a new address since I had just hit the "Generate new address" button before sending my funds, while in fact it was reusing an address that was used months ago. A lot of other people have lost their IOTAs owing to this. I know this is a classical example of reusing an address, and that it is my fault.

I understand that the wallet is not your priority right now, and there are more important things to do, since the Trinity wallet is being worked on anyway.

Losing those IOTAs were a blow to me financially, and there is probably nothing I can do about it. But at least a warning on the wallet requesting the users to regenerate their addresses would go a long way in keeping the funds of other naive people like me safe from hackers.

This is a reddit post I made with more details:
https://www.reddit.com/r/Iota/comments/7njjyy/here_is_what_i_learnt_after_losing_53_gi_to_a_hack/

Here is the issue on GitHub that is probably not getting as much attention as it should:
https://github.com/iotaledger/wallet/issues/542

I have a lot of faith in IOTA and what you stand for. I'll cheer for you regardless of me losing so much money to a silly hack. I just don't want more innocent people to fall prey to it.

Dominik Schiener David Sønstebø

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Sidharth Ramesh
Sidharth Ramesh

Written by Sidharth Ramesh

Interested in data-driven healthcare. Founder and consultant at Medblocks.

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