A start-up called Unciphered has worked to alert millions of people about the vulnerabilities in their cryptocurrency wallets. The story highlights the risks associated with experimental currencies and the flaws in the code used to create these wallets.
On Tuesday, the team released information about how they did it. They hope it’s enough data that the owners of millions of wallets will realize they are at risk and move their money, but not so much data that criminals can figure out how to pull off what would be one of the largest heists of all time.Their start-up, Unciphered , has worked for months to alert more than a million people that their wallets are at risk.
Millions more haven’t been told, often because their wallets were created at cryptocurrency websites that have gone out of business. The story of those wallets’ vulnerabilities underscores the enormous risk in experimental currencies, beyond their wild fluctuations in value and fast-changing regulations. Many wallets were created with code containing profound flaws, and the companies that used that code can disappear. Beyond that, it is a sobering reminder that underneath software infrastructure of all kinds, even ones explicitly dedicated to securing funds, are open-source programs that few or no people oversee.Article content “Open-source ages like mil
Cryptocurrency Wallets Vulnerabilities Risks Experimental Currencies Code Flaws Unciphered
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