Hardware Vulnerability 'Could Compromise Bitcoin Private Keys'
Users storing bitcoin with hardware from a leading data protection company have been urged to update their devices or risk losing funds. In a company blog post on Friday, Gemini CSO Cem Paya released details of a vulnerability he encountered that allows attackers to brute-force secret keys from SafeNet's brand of hardware security modules, or 'HSMs'. These tamper-proof, specialist devices are used to safeguard all manner of cryptographic keys for the likes of governments, banks and payment companies. They've been hailed as the 'next step' for bitcoin security. While testing the SafeNet....
Related News
The vulnerability in private keys generated by the popular Profanity vanity key generator was noted in January and has already been implicated in at least one major hack. Blockchain cybersecurity company Certik has said a vulnerable private key was attacked in the Wintermute hack. A vulnerability in private keys generated by the Profanity app was likely exploited. The vulnerability has been known since at least January.The U.K.-based algorithmic crypto market maker announced the hack on Tuesday and said over-the-counter and centralized finance operations were not affected. About $162.5....
The crypto economy is on the cutting edge of both finance and technology, which means that you need to be ever vigilant in protecting your digital assets. A critical component of doing so is using a hardware wallet from a company you can trust, like Ledger, to securely store your private keys. Not Your Keys, Not Your Coins Anyone who has been following the cryptocurrency industry even a little bit has heard way too many stories about exchanges getting hacked, or simply disappearing overnight, leaving investors without any of the assets they thought they owned. This can happen because when....
Gemini CSO Cem Paya recently highlighted certain vulnerabilities in the SafeNet's Hardware Security Modules (HSMs) that can risk users' Bitcoin private keys. The revelation comes at a time when Bitcoin security has become one of the topmost concerns of leading digital currency corporate houses. According to the available information, a large number of these Bitcoin companies utilize HSM-based models, manufactured by Safenet, to create and destroy private keys without actually revealing them to the attached trusted clients. This simply means that, on papers, a private key inside an HSM....
Popular Bitcoin wallet Bitgo has announced an integration with Ledger hardware wallets for the Nano S and Blue models. The Partnership. “We are excited to announce a partnership with Ledger to combine the benefits of Bitgo’s multisignature enterprise wallet with Ledger’s hardware-based key storage”, announced Mike Belshe, Bitgo co-founder, and CEO. He....
PRISIMicide is an open-source platform based on a smart card and a Bitcoin hardware wallet. Currently, the project can be funded through IndieGOGO. The total to be raised is $40,000 by August 31 which seems ambitious, but could be completely plausible considering what the project is supposed to do, as well as the pictures shown by the project. PRISMcide consists of open source smart cards and of a small portable player that can be used with Android and iOS smartphones and tablets via bluetooth and also, via USB with Windows, Mac OS and Linux computers. PRISIMicide is a non profit....