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Alex Dovbnya

These hackers try to interrupt Bitcoin’s encryption, however they’re extraordinarily unlikely to succeed

In accordance with a recent report by Bleeping Pc, TeamTNT, a infamous hacking group, has made a comeback, and it’s now trying to interrupt Bitcoin.

The dangerous actors are reportedly hijacking servers and utilizing their huge sources with a purpose to run encryption solvers for the most important cryptocurrency.

Bitcoin makes use of the secp256k1 elliptic curve for its keys and signatures. When the cryptocurrency turned fashionable, the selection of this particular realization puzzled cryptography specialists as a result of secp256k1 was nearly utterly unknown in comparison with different options.

TeamTNT hackers at the moment are trying to interrupt elliptic curve encryption with stolen sources.


Nevertheless, their efforts ought to be taken with a grain of salt. It’s extremely possible that they’re merely taking part in round with new assault pathways as a substitute of truly attempting to hack Bitcoin.

For now, Bitcoin is taken into account to be utterly protected since there aren’t any machines that might probably break it.

With that being stated, some specialists imagine that will probably be doable to interrupt Bitcoin sooner or later. In January, U.As we speak reported that Mark Webber, a quantum physicist on the College of Sussex, had predicted {that a} quantum pc with greater than 300 million qubits would be capable to pose a serious risk to Bitcoin.

In such a case, it might be essential to launch a quantum-resistant laborious fork with a purpose to save Bitcoin from supercomputers.

Bitcoin has by no means been hacked, which is certainly one of its key promoting factors. Nevertheless, Ripple CTO David Schwartz not too long ago opined that it’s extremely possible that Bitcoin has some severe bugs which are but to be found.

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