Malicious actors will use new tools to identify the smallest software flaws, the maker of high-security Bitcoin wallets has warned
The theft of at least $89 million in cryptocurrency that was supposedly safely stored in high-security hardware wallets has prompted the producer to warn that a “new AI paradigm” is redefining cybersecurity.
Hardware wallets are physical devices that store the private keys needed to access cryptocurrency and have long been considered safer than leaving digital assets on exchanges.
Last week, however, users of some Coldcard wallets saw their funds drained by unidentified perpetrators in a series of attacks.
The theft was unusual because the attackers managed to determine users’ keys after discovering that the wallets’ algorithm did not generate sufficiently random numbers. The devices themselves were not hacked and were not connected to the Internet, as is typical with so-called cold storage.
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