Hi,
I've seen on Telegram during last weeks around 3 old (like 10y old with no activity) wallets selling their btc.
What are the chances that these wallets are actually broken] by bruteforce? I know there were discussions some years ago about people that were trying to crack the private keys.
What do you think guys? Can such successful act would mean the end of btc era?
regards
I know for certain that these days some wallets with forgotten or lost keys can be hacked into either by the owner who forgot or by thieves with just that intention.
Luckily for them, there’s a growing cottage industry of wallet recovery services, a breed of crypto dark-arts practitioners to help recover lost funds.
Currently, the most popular method is known as “brute-forcing,” where the recovery specialists use a cryptographic technique that involves bombarding the wallet with as many passwords as possible, in hope of eventually guessing the right one.
https://www.coindesk.com/tech/2023/02/13/hacking-crypto-wallets-is-latest-strategy-in-quest-to-recover-lost-billions/Unless such technics now used by some of these new age services continue to thrive without being regulated or monitored, then we as bitcoin investors may have come into a time when even HODLing btc is a terrible risk in itself.
Am sure however that there would always be counter measures developed to combat and restrict these kind of services from gaining such access in the future and that BTC will fulfill its purpose of getting to 21million coins before any of such fears could even be dominant.