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Topic: Bitcoin cold storage - HACKED easily - page 11. (Read 12634 times)

hero member
Activity: 644
Merit: 500
My goal is becaming a billionaire.
January 16, 2015, 08:23:43 AM
#2

Your funds are not safe neither in "cold storage". Read:

https://www2.informatik.hu-berlin.de/~verbuech/klepto-ecdsa/klepto-ecdsa.pdf


many of you said "cold storage is the best". well. it is not. that explains many hacks in Bitcoin which some of the bitcoiners considered to be very safe. Smiley

What's next? Mass withdrawals from Bitcoin. What can you do when you KNOW that your cold storage is exposed to be stolen? You must be stupid to keep your earnings there.

Are you a mind reader or something , haha.
I was just reading the same thing on Coindesk and planning to share it here => http://www.coindesk.com/research-hackers-install-backdoor-bitcoin-cold-storage/
Anyway , to be honest . that's really dosen't make me comfortable , those hackers always find a way to screw things up.

"The attacker only has to watch the blockchain until two [compromised] signatures appear ... the affected signatures are not detectable by anyone other than the attacker."
legendary
Activity: 1470
Merit: 1004
January 16, 2015, 08:20:11 AM
#1
Your funds are not safe neither in "cold storage". Read:

https://www2.informatik.hu-berlin.de/~verbuech/klepto-ecdsa/klepto-ecdsa.pdf  

or

http://www.coindesk.com/research-hackers-install-backdoor-bitcoin-cold-storage/


many of you said "cold storage is the best". well. it is not. that explains many hacks in Bitcoin which some of the bitcoiners considered to be very safe. Smiley

What's next? Mass withdrawals from Bitcoin. What can you do when you KNOW that your cold storage is exposed to be stolen? You must be stupid to keep your earnings there.

Only few people knew about this exploit. Now, any russian or ukrainian kid will try to hack the cold storages and guess what?! THEY WILL DO IT !    Grin
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