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Casascius Physical Bitcoins Cracked at Defcon

CoinGuyCoinGuy Administrator
edited March 2017 in Bitcoin News
Casascius Coins were cracked:

"Every year a number of reportedly secure systems fall to the skilled hands of security researchers at Defcon. This year, Casascius’ Physical Bitcioins were on that unfortunate list. Defcon researchers Stits and Datagram tried their hand at the physical Bitcoin on Saturday afternoon and it took them roughly 10 minutes to recover the private key and the researchers say that with practice it could probably be breeched in 1 to 2 minutes."

Read the rest of details: http://codinginmysleep.com/casascius-physical-bitcoins-cracked-at-defcon/

Comments

  • @CoinGuy, thanks for sharing. That's a very important development for anyone who is looking to purchase the Casascius coin. This just proves again the point that while Bitcoin protocol itself is solid, the actual ecosystem around it is still maturing and has a few holes to plug.

    P.S. I am looking into migrating all my wallets to a hardware-encrypted usb flash drive...
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