The LBC has been working for just under a year. So far, Rico claims, the project has generated over 3,000 trillion private keys and checked them against existing bitcoin addresses to see if they work, and has found three that do and contain bitcoin. They've found over 30 private keys in total, some of which are for so-called "puzzle" addresses that are suspected to have been generated as easy bait for crackers.
Also see https://bitcointalk.org/index.php?topic=1573035.msg18627652#msg18627652
I say bring it on, expose any weaknesses in the system, if bitcoin is robust enough we need to prove it, not larp about it
Old article and this project probably died since we didn't hear anything new from it.
was*
5 years ago.
FYP
Good luck breaking Bitcoin's SHA-256 encryption.
Hashing is not encryption
Does a multi-signature wallet help protect against this, or are they just as easily found and single-signature wallets?
I think yes, because then multiple keys have to be cracked. No?
semi relevant good video about the large numbers of bitcoin and how it adds to the security of the system
specifically regarding wallets and priv/pub key pairs