pull down to refresh

20 sats \ 5 replies \ @k00b 19 Aug \ parent \ on: A bitcoin scam uncovered: get some eyes on this bitcoin
WalletGenerator.net
In general, you shouldn't be using paper wallets made using a website like this. They frequently have "backdoors" like this for lack of a better term.
write
preview
10 sats \ 1 reply \ @ken 20 Aug
What are the chances that one of the major hardware wallet manufacturers has a backdoor just like this?
Multi-signature schemes can protect against this, but it still concerns me.
reply
10 sats \ 0 replies \ @k00b 20 Aug
Yep, that's why it's best to multi-sig with multiple manufacturers. A quorum would need to be compromised and collude to rob you.
backdoor just like this
This backdoor is really naive. If there's a backdoor in a major hardware hardware wallet, it's likely some kind of deterministic entropy.
reply
0 sats \ 2 replies \ @Satosora 19 Aug
I think walletgenerator.net was bought out and then everyone was stolen from. I havent heard any bad news about some of the others. I havent heard anyone stealing from the bitaddress.org site yet. I usually use this to give bitcoin away to friends and family.
reply
20 sats \ 1 reply \ @k00b 19 Aug
I've used these sites in the past too. It doesn't change the fact that they are especially vulnerable to these kinds of backdoors.
reply
0 sats \ 0 replies \ @Satosora 20 Aug
You could be right. Im just used to the old tech. So far it hasnt failed me yet.
reply