Oh good, another article on this wallet thief.
They already know that statistically trawling the address keyspace is a wasted effort, but they keep doing it because in their words "it nets more money than mining". The TRUE reason they're doing it is to crack crappy wallets (the puzzle addresses), and they've already stolen the funds from a number of those due to a shitty design.
LBC claims to be doing this for research, but they're really out for the money and after they've taken all the easy stuff, they'll probably stop bothering since the law of numbers precludes any real profit after that.
This guy also has a remote-code exploit in his client, so it may be setting up people to panic and try it out, only to have their BTC stolen at a later date.
Do NOT trust this software, and do NOT run it on your machine.
Topic: [2017-04-20] BTCManager Speaks to the Head of the Large Bitcoin Collider Project (Read 286 times)
April 20, 2017, 10:11:43 AM
April 20, 2017, 08:45:16 AM
The Large Bitcoin Collider (LBC) tries to break Bitcoin addresses through a brute force attack. In the few past weeks, the project announced their first success. Is Bitcoin no longer secure? Is their cryptographic core broken? Rico, the head of the LBC, explains in detail, what is happening...
Read more Here:
https://btcmanager.com/nobody-knows-some-do-say-because-they-are-horrified-by-the-alternative/
Follow BTCManager for the Latest on FinTech, Blockchain, and Bitcoin!
Read more Here:
https://btcmanager.com/nobody-knows-some-do-say-because-they-are-horrified-by-the-alternative/
Follow BTCManager for the Latest on FinTech, Blockchain, and Bitcoin!
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