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Tuesday 28 January 2020

It’s 2020 and hacking wallets is still a PR stunt for cryptocurrency startups


You’d have thought by now that cryptocurrency startups would know to focus on their tech rather than PR stunts. But sadly not. An Israel-based startup is offering a $250,000 bounty for anyone that can crack its supposedly ‘unhackable’ Bitcoin cold wallet and extract the funds. It’s like Bitfi all over again. [Read: Watch this 15-year-old hacker play DOOM on John McAfee’s ‘unhackable’ crypto-wallet] The cybersecurity startup GK8 has put around $125,000 (14 Bitcoin) into the wallet itself, and will pay out an additional reward of up to $125,00 (14 Bitcoin) to the successful hacker, The Block reports. According to the…

This story continues at The Next Web