- A group called the “Large Bitcoin Collider” claims it can smash open bitcoin wallets by using a so-called brute force attack, which directs mass amounts of computer power at individual wallets in order to guess their private keys.
- A “trophy list” on the home page of Collider (an apparent reference to the Hadron Collider) suggests the group has successfully opened over a dozen wallets, though only three had any bitcoin in them.
- Speculation is that either “Satoshi Nakamoto”, whoever he is, is holding onto them for a big payoff, or somebody lost the private key for all those early Bitcoins.
- As for the process of cracking open wallets, it involves the laborious task of creating private keys — which are dozens of characters in length — and trying them against existing bitcoin addresses.
- For bitcoin owners, the risk of the Large Bitcoin Collider performing a stick-up on your private wallet is pretty tiny for now.
@bitcoinagile: “#bitcoin Wallets Under Siege From Large Collider Attack” open tweet »