CRYPTO NEWS: USING BASIC HARDWARE AMBER GROUP DEMONSTRATES HOW QUICK AND EASY IS WINTERMUTE HACK.

USING BASIC HARDWARE AMBER GROUP DEMONSTRATES HOW QUICK AND EASY IS WINTERMUTE HACK. IN AN EFFORT TO GAIN UNDERSTANDING OF WEB3’S ATTACK SURFACE SPECTRUM, THE HONG KONG-BASED ORGANISATION POSTED DOCUMENTATION OF THEIR REPLICATION OF THE HACK ON ITS TECH AND SECURITY-FOCUSED BLOG.

OVERVIEW OF USING BASIC HARDWARE AMBER GROUP DEMONSTRATES HOW QUICK AND EASY IS WINTERMUTE HACK:

AMBER GROUP DEMONSTRATES HOW QUICK AND EASY IS WINTERMUTE HACK
USING BASIC HARDWARE AMBER GROUP DEMONSTRATES HOW QUICK AND EASY IS WINTERMUTE HACK

THE RECENT WINTERMUTE BREACH HAS BEEN REPLICATED BY AMBER GROUP, ACCORDING TO A BLOG POST BY THE HONG KONG-BASED CRYPTO FINANCIAL SERVICE PROVIDER. THE PROCEDURE WAS QUICK AND EASY, AND IT MADE USE OF CONSUMER-FRIENDLY HARDWARE. ON SEPTEMBER 20, A HACK USING PRIVATE KEYS COST WINTERMUTE NEARLY $160 MILLION.

ACCORDING TO AMBER GROUP, REPLICATING THE BREACH CAN AID IN “BUILDING A DEEPER UNDERSTANDING OF THE ATTACK SURFACE SPECTRUM THROUGHOUT WEB3.” RESEARCHERS WERE ONLY ABLE TO ATTRIBUTE THE HACK OF THE CRYPTOCURRENCY MARKET MAKER WINTERMUTE IN THE UNITED KINGDOM TO THE PROFANITY VANITY ADDRESS GENERATOR A FEW HOURS AFTER IT HAD BEEN MADE PUBLIC.

IN-HOUSE HACKING WAS A THEORY PUT OUT BY ONE ANALYST, HOWEVER WINTERMUTE AND OTHERS DISPROVED IT. PRIOR TO THE WINTERMUTE HACK, THE PROFANITY VULNERABILITY WAS ALREADY WELL KNOWN. AFTER THE FIRST SETUP, WHICH TOOK LESS THAN 11 HOURS, AMBER GROUP WAS ABLE TO REPLICATE THE HACK IN LESS THAN 48 HOURS. AMBER GROUP CONDUCTED ITS INVESTIGATION USING A MACBOOK M1 WITH 16GB OF RAM. ACCORDING TO AMBER GROUP, THAT WAS MORE QUICKER AND USED MUCH LESS EQUIPMENT THAN HOW A PRIOR ANALYST HAD PREDICTED THE HACK WOULD PROCEED.

AMBER GROUP EXPLAINED THE STEPS IT TOOK TO PERFORM THE RE-HACK, INCLUDING HOW IT ACQUIRED THE PUBLIC KEY AND REBUILT THE PRIVATE KEY. IT ALSO DESCRIBED THE FLAW IN THE METHOD PROFANITY GENERATES RANDOM NUMBERS FOR THE KEYS IT CREATES. THE GROUP STATES THAT IT “DOES NOT PURPORT TO BE A THOROUGH” DESCRIPTION. “YOUR FUNDS ARE NOT SAFE IF YOUR ADDRESS WAS GENERATED VIA PROFANITY,” IT SAID, REPEATING A MESSAGE THAT HAS PREVIOUSLY BEEN WIDELY DISSEMINATED. ALWAYS EXERCISE CAUTION WHEN HANDLING YOUR SECRET KEYS. VERIFY INSTEAD OF BELIEVING.

AMBER GROUP DEMONSTRATES HOW QUICK AND EASY IS WINTERMUTE HACK

SINCE ITS INCEPTION, THE AMBER GROUP SITE HAS FOCUSED ON TECHNOLOGY, AND IT HAS PREVIOUSLY DISCUSSED SECURITY PROBLEMS. IN FEBRUARY, THE COMPANY RECEIVED A $3 BILLION VALUATION FOLLOWING A SERIES B+ INVESTMENT ROUND.

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CRYPTO NEWS: USING BASIC HARDWARE AMBER GROUP DEMONSTRATES HOW QUICK AND EASY IS WINTERMUTE HACK.

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