How Crypto Investor Stupidity Helped One Hacker Swipe $7 Million

2019-4-23 20:30

By CCN: Years ago, a thief had a simple idea: figure out a way to guess Ethereum private keys and write software to sweep the crypto funds from the blockchain. Guessing the 72-character private key is no small feat – your odds are about 1 in 115 quattuorvigintillion.

No, we didn’t make that number up. The researchers told Wired that trying to do this without the help of high-powered computers would be like: “ Choosing a grain of sand on a beach, and later asking a friend to find that same grain among a ‘billion gazillion’ beaches. ” The Fatal Flaw

The post How Crypto Investor Stupidity Helped One Hacker Swipe $7 Million appeared first on CCN

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crypto private grain one helped million swipe

Источник: ccn.com

crypto private → Результатов: 126


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This article was originally published by 8btc and written by Lylian Tang. The Chinese security service provider 360 Security has issued a warning that a large number of crypto exchanges have been targeted by the North Korean hacker group Lazarus and that the number is still rising after the recent hacks of crypto exchanges DragonEx, Etbox and BiKi.

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IBM’s Crypto Presence is Growing with New Tools for Banks and Custodians with Shuttle Holdings

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Kakao’s Crypto Arm Rakes in $90 Million Through Members-Only ICO

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2019-3-12 20:08


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Fidelity’s Cryptocurrency Arm Starts Offering Institutional Investor Services

Fidelity Investments’ new cryptocurrency arm is now up and running. The unit, Fidelity Digital Assets, began operations earlier this quarter but didn’t make any noise about it. It has already started offering trade execution and crypto custody services to institutional investors such as hedge funds and private wealth management firms.

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AZBIT ICO

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Binance: JPMorgan Token a ‘Stepping Stone’ to Mass Crypto Adoption

JPMorgan’s controversial blockchain token might not be a real cryptocurrency, but researchers say it could help spark concrete crypto adoption. Binance Argues JPMorgan’s Dubious Crypto Project Will Spur Real Adoption In a new article from Binance Research, one of the world’s largest cryptocurrency exchanges deems JPM Coin a “stepping stone” toward mass adoption.

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Op Ed: Defining Decentralization: How Ambiguity Continues to Divide Crypto

There are many keywords in blockchain, but few spark as much emotion as “decentralization. ” For many of us, it was the dream of decentralization that inspired us to embark into the industry in the first place — the driving force encouraging us to explore the many industries and practice areas that could be positively impacted by this technology.

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