Hackers Drain Over $3 Million From Ethereum “Vanity” Addresses

Ethereum addresses generated by an abandoned Ethereum vanity tool have been stripped of over $3 million in assets by exploiters. The tool – called “Profanity” – used an insecure method for generating public keys, from which users’ private keys could be extracted.  Unsafe Keys The popular decentralized exchange aggregator 1Inch first noted the vulnerability on Thursday, just hours before it started being exploited.  “Run, you fools,” tweeted 1Inch. “Your money is NOT SAFU if your wallet address was generated with…

‘Here’s My Private Key’: The Crypto Reverse-Scam You Ought to Beware

In crypto, there’s no shortage of imposters and thieves phishing for unsuspecting victims’ private keys over the internet. A ‘private key’ is a cryptographic signature encoded within a 12-word passphrase that gives users access to funds within their blockchain addresses. But have you ever received an unsolicited message being given another’s private key, without a second thought? What could a scammer possibly have to gain from revealing such info to another person? A lot, apparently. The ‘Here’s My Private Key’…

Introduction to Quantum Cryptography – Everything You Need to Know

The Need for Quantum Cryptography To explain what I mean by Quantum Cryptography, I would first dive into what Quantum Computing actually is. I could say what “Expert” websites say, that Quantum computers use the fundamentals of quantum mechanics to speed up the process of solving complex computations. They can process massive and complex datasets more efficiently than classical computers. But that sounds like a whole lot of gibberish and no-talk. So, let's take a bold step and try to…