The $5 Wrench Attack And Your Bitcoin Stack
A proposed set of solutions to the often-thought-about physical security of bitcoin storage.Alright, class, let's put our tinfoil hats on for today’s discussion. In today’s lesson, we are going to address surviving the fabled $5 wrench attack with our health and bitcoin stack intact.First, some background: what is a $5 wrench attack?I'm glad you asked. It's actually quite simple.Imagine for a moment that through some sequence of events, crooks or criminals learn that you are the proud owner of a handsome stack of satoshis. Whether through poor operational security on your part, or a....
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Security expert warns that individuals known to work in crypto are susceptible to becoming targets of extortion-related crimes. Normally, the only way to access one's crypto funds is through their private key, which, thanks to advances in cryptography, would take nothing less than an advanced futuristic quantum computer to decipher. That said, mafias and gangs have managed to think outside the box. Instead of wasting their efforts on breaking the underlying cryptography, they've turned their attention to targeting crypto owners, themselves.A $5 wrench attack is when someone finds out you....
It's not only the duty of the Bitcoin fathers out there, but the obligation to continue to stack sats for our children.
Security is becoming more and more important in recent years,a s technology evolves at an accelerated pace. Most people use various services and platforms every day, without taking proper precautions to keep their information safe. Storing a secret crypto key in the cloud has never been a bright idea, and it was only a matter of time until a new type of attack was developed to steal this data. Despite there being multiple cloud-based storage solutions on the market right now, most people will use Amazon’s EC2 platform. Due to its relatively cheap price, and ease-of-use in terms of setting....
This week’s newsletter features regular sections like Bitcoin Stack Exchange Q&A and the latest column about preparing for Taproot.
The internet infrastructure and risk-mitigating company, Cloudflare Inc., reportedly prevented the largest distributed denial of service (DDoS) attack earlier this month, calling it the most volumetric attack the company has recorded to date. The attack in question was aimed at a crypto platform. The number of requests per second (rps) of the current DDoS attack […]