Keys.lol Reveals Satoshi Nakamoto’s Bitcoin Wallet Balance Via Crypto Private Keys
Interested in Satoshi Nakamoto’s Crypto Wallet Balance? It Might Be Accessible on Keys.lol
A private key comprises of cryptographic keys, which entail long, random numbers. Without it, crypto investors will not be able to gain access to their own holdings and send or receive tokens. Digital wallets typically house the private key. Unfortunately, losing one’s private key is equivalent to losing one’s entire investment. Whether it be through a hack, scam or accidentally, once it’s gone, its gone forever.
A recent report by CryptoSlate considered the idea behind “brute-forcing cryptocurrency wallets”. Users are apparently giving way into brute forcing by insecurely creating their private keys. As per the report, a corresponding public key can be created to get the necessary information on one’s crypto wallet balance.
As for the tools that perform said tasks, CryptoSlate described one of them being, Keys.lol, which is a brute-force private key creator. According to the claims made, this respective method of looking into wallet balances was created by Netherland developer, Sjors Ottjes, who used the concept behind former private key generating platform, Directory.io, as its foundation.
It turns out account balances of several investors have since been published on Keys.lol, one of them being none other than Bitcoin creator, Satoshi Nakamoto’s itself, which supposedly houses nearly $8 billion in Bitcoin.
Breaking apart a private key is no simple task, as it allegedly requires “the computation of 115 quattuorvigintillion different combinations”. Pinpointing one specific account is nearly impossible given the “2^256 private keys in existence”.
To prove the security behind private keys, Crypto Slate used the example of “IBM-built Summit”, also known as the world’s fastest supercomputer. Turns out, it would take more than a lifetime for the supercomputer to get the exact key.
However, it is important to note that brute-force type of entries is not impossible. Based on existing information, brute-forcing has been attempted by the Large Bitcoin Collider, a community working towards showing that random strings of numbers can easily be replicated.
According to the Large Bitcoin Collider’s main website:
“Depending on your jurisdiction, this may be considered theft and therefore illegal, however there are many jurisdictions [sic] where you could perfectly legally claim 5 to 10% of the value found.”
Simply put, if the said group of crypto fanatics manage to replicate private keys and sneak into a random person’s account, then blockchain technology’s “security” facet will be compromised. Do you think brute-forcing can help to reap into one’s crypto account given suffice energy resources are available? If so, how will your views on blockchain technology change?