After a tech entrepreneur and investor lost his password for retrieving $100,000 in bitcoin and hired experts to break open the wallet where he kept it, they failed to help him. But in the process, they discovered a way to crack enough other software wallets to steal $1 billion or more.
On Tuesday, the team is releasing information about how they did it. They hope it’s enough data that the owners of millions of wallets will realize they are at risk and move their money, but not so much data that criminals can figure out how to pull off what would be one of the largest heists of all time.
‘Enforcement 40’ for 2020
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedIn