$24 Million in Crypto Stolen with Michael Terpin
The Bad Crypto Podcast
Joel Comm and Travis Wright
4.5 • 1.2K Ratings
🗓️ 4 February 2019
⏱️ 68 minutes
🧾️ Download transcript
Summary
What would you do if you discovered that your cell phone had been hacked and that $24 million dollars in crypto was gone? It happened to Michael Terpin, founder of BitAngels, the world’s first angel network for digital currency startups. As a result, Michael is suing his cellular carrier, AT&T, for ten times that amount.
Today we speak with Michael about the hack, the lawsuit and the future of cryptocurrency.
Hold on to your SIM card because there are some bad people out there. It’s a shocking episode #235 of The Bad Crypto Podcast.
Full Show Notes at: http://badco.in/235
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Win-Win.
Coinbase is one of the most popular and well-known brokers and trading platforms in the world. Their platform makes it easy to securely buy, use, store and trade digital currency. Users can purchase bitcoins, Ether and now Litecoin from Coinbase through a digital wallet available on Android & iPhone.
Do your own due diligence, some people have had some customer support issues. Neither Joel nor Travis can attest to that. If you do use Coinbase, once your coins clear, move it to an offline wallet or if you choose, move them over to another exchange.
Here is a list of all of the top crypto-currency exchanges. Choose one that you like.
DISCLAIMER:
Do your own due diligence and research. Joel Comm and Travis Wright are NOT FINANCIAL ADVISORS. We are sharing our journey with you as we learn more about this crazy little thing called cryptocurrency. We make NO RECOMMENDATIONS. Don't take anything we say as gospel. Do not come to our homes with pitchforks because you lost money by listening to us.
We only share with you what we are learning and what we are investing it. We will never "pump or dump" any cryptocurrencies. Take what we say with a grain of salt. You must research this stuff on your own! Just know that we will always strive for RADICAL TRANSPARENCY with any show associations.
Show Edited By: Aaron The Tech (http://aaronthe.tech)
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Transcript
Click on a timestamp to play from that location
| 0:00.0 | What would you do if you discover that your cell phone had been hacked and that $24 million in |
| 0:06.7 | crypto was gone? |
| 0:08.7 | Well, it happened to Michael Turpin, founder of Bit Angels, which is the world's first Angel network for digital currency |
| 0:15.2 | startups. |
| 0:16.2 | And as a result, Michael is suing his cellular carrier AT&T for 10 times that amount. Today we speak with Michael about the hack, the lawsuit, and |
| 0:26.2 | the future of cryptocurrency. Hold on to your Sim card because there's some bad people out |
| 0:31.8 | there. It's a shocking episode number 235 of the bad crypto podcast. |
| 0:37.0 | Five, four, three, four, four, three, four, four, |
| 0:42.0 | one, zero, education. I can tell you Mr. |
| 0:43.6 | Mr. |
| 0:46.6 | Who's that? |
| 0:47.6 | I can tell you Mr. Jocom. I can tell you Mr would be very sad if I lost 24 million dollars. First of all I would be very glad that I had 24 million dollars and then oh my God I would be so sad that I no longer had that. |
| 1:06.0 | Yeah well he's not happy about it and we're going to dig in with this discussion with Michael Turpin today and welcome to the bad |
| 1:11.9 | crypto podcast the show for the |
| 1:14.2 | crypto curious crypto serious and where Michael is concerned the |
| 1:18.4 | crypto furious because he is not happy about what happened. |
| 1:23.2 | Maybe a little delirious too after that I'd be like, |
| 1:26.7 | I'd be so furious I was delirious. |
| 1:29.1 | You just like the rhyming. Oh I got. |
| 1:35.0 | Mr. Trapp's right. |
| 1:36.0 | We have written a new pledge for the listeners of the Bad Cryptopoe podcast, the Citizens of the Republic of Bad Cryptopia. |
| 1:45.0 | And if you'll just repeat after me, are you ready? |
... |
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