‘Blockchain Bandit’: How a Hacker Has Been Stealing Millions Worth of ETH by Guessing Weak Private Keys
Cointelegraph
Published Apr 28, 2019 06:43AM ET
Updated Apr 28, 2019 07:22AM ET
‘Blockchain Bandit’: How a Hacker Has Been Stealing Millions Worth of ETH by Guessing Weak Private Keys
Earlier this week, United States-based security consulting firm Independent Security Evaluators (ISE) published a report on private keys for the Ethereum blockchain.
Despite establishing around 700 weak private keys that are being regularly used by multiple people, the researchers found a “blockchain bandit” who has managed to collect almost 45,000 ether (ETH) by successfully guessing those frail private keys. Cointelegraph interviewed Adrian Bednarek, a senior security analyst at ISE, to find out more about what they describe as “ethercombing.”
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Written By: Cointelegraph
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