Ex-Ripple CTO Can’t Remember Password to Access $240M in Bitcoin

It’s crucial to remember your seed phrase, which is a string of random words produced by your cryptocurrency wallet when you initially set it up. How to keep your seed phrase safeA crypto seed phrase in the wrong hands can do damage, so it is advisable to always ensure it is safe. The following are some tips for ensuring your seed phrase is secure.Never share your seed with anyone else: It’s extremely important that you never reveal your recovery phrase to anyone. Why? Because if someone else finds out your recovery phrase, they will be able to access — and therefore control — your crypto....

Some users of the popular Bitcointalk.org may have had their passwords captured thanks to a recent hack (or man-in-the-middle attack, as it's put), according to an announcement banner on the forum's page. The message as it appears: News: If you used your password to login between 06:00 Dec 1 UTC and 20:00 Dec 2 UTC, then your password may have been captured in a man-in-the-middle attack, and you should change your password here and wherever else you used it. If you were only logged in via the "remember me" feature, then you're OK. It would appear as if the complexity of the user password....

Password manager service LastPass announced last week that they experienced a data breach that exposed users' email addresses, encrypted passwords and cleartext password reminder hints. Following the good advice to never use the same password twice, and to choose passwords that are difficult to guess (and remember), many people use password management sites such as LastPass. But the problem with using a Web-based third party to store your passwords is that they can get hacked, too. LastPass certainly took many security precautions, and some of them worked. For example, LastPass never had....

Current CTO David Schwartz claims Stefan Thomas created hundreds of accounts with 1.0 BTC "because that was the fastest and easiest number to type" for his experiments. David Schwartz, current chief technical officer at Ripple, is responding to reports his predecessor had lost access to hundreds of millions of dollars in Bitcoin. In a Quora post on Thursday, Schwartz said recent reports about former Ripple CTO Stefan Thomas forgetting the password to an encrypted hard drive containing thousands of Bitcoin (BTC) were true, but added Thomas had also lost access to hundreds of coins when the....

SatoshiLabs newly-announced TREZOR Password Manager will store and manage passwords securely and is available for public beta testing for all TREZOR hardware owners, the company announced on Medium. A Chrome extension is available. The new password manager uses advanced cryptography. A user can encrypt each password entry using their personal TREZOR device. The password manager automatically uploads the encrypted data to the user’s private cloud storage, where it is available as needed. No Master Password. TREZOR now addresses the most pressing flaw in password managers, the chance that....