16 Aug '13, 4pm

How Bitcoin thieves used an Android flaw to steal money, and how it affects everyone else

How Bitcoin thieves used an Android flaw to steal money, and how it affects everyone else

As anyone that’s ever dabbled in cryptography knows, the more examples you have of a code, the easier it is to break. The public keys on Bitcoin transactions are easy to scan, which is probably what the perpetrators of this hack did. They looked for repeats in public keys, and used that data to solve for the private keys, which should only be known to the owner of the Bitcoin wallet. At that point, the attacker had the user’s Bitcoin address. It was a simple matter to transfer the money to a different account.

Full article: http://www.extremetech.com/computing/164134-how-bitcoin-t...

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