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Showing posts with the label bitcoin wallet

Recovery firm proposes cracking former Ripple CTO's $244M Bitcoin hard drive

Stefan Thomas, the former chief technology officer at Ripple, has an IronKey hard drive containing 7,002 BTC with only two attempts at guessing a password remaining. A company is petitioning former Ripple chief technology officer Stefan Thomas for a hard drive containing more than 7,000 Bitcoin (BTC) that he has been unable to access for years. In an Oct. 25 open letter, crypto recovery firm Unciphered offered to unlock an IronKey hard drive belonging to Thomas containing 7,002 BTC — roughly $244 million at the time of publication. The former Ripple CTO forgot the information to access the drive , designed to erase its data if an individual enters the incorrect password ten times. So far, the German-born programmer has used eight out of his ten attempts. According to Unciphered, its teams developed a method to crack the hardware and access the BTC keys safely stored for years. Technology magazine Wired reported on Oct. 25 that the company was able to access the data on a similar Iro...

Casa launches multi-signature Ethereum self-custody vault

Casa has added Etheruem support to its self-custody storage solutions, providing multi-signature security for BTC and ETH. Since its inception in 2016, Casa promoted multi-signature self -custody of BTC in the industry with its flagship Bitcoin vault allowing users to store the cryptocurrency using up to five keys for more distributed security. Casa's service originally catered to Bitcoin 'whales' that were willing to spend $10,000 a year on custody, before opening its service to a broader base of Bitcoin users. The company has now added an Ethereum vault to its platform, with ETH holders also able to use up to five keys to secure their holdings. According to Casa CEO Nick Neuman, the fact that Bitcoin and Ethereum operate as completely different protocols, the industry had not yet built a security solution that accommodates both on the same platform aside from various hardware wallet models. The firm is also engaging with users over the potential of adding self-custody...