Are hackers trying to crack a bitcoin wallet?

Hackers are trying their luck on a big Bitcoin wallet that’s exceptionally hard to crack. The catch is that it might be empty. A representation of a Bitcoin wallet. Image: Shutterstock. Hackers are trying to break into a Bitcoin wallet said to contain over $690 million worth of the asset.

Did Reich crack a $2 million Crypto Wallet?

In a story titled " Cracking a $2 million crypto wallet ," the Verge reported that four years ago, Reich and a friend used $50,000 worth of bitcoin to purchase a new cryptocurrency called Theta tokens, worth 21 cents each, and later stored them in a Trezor hardware wallet.

What are Crypto Wallet hacks?

The Crypto Wallet Hacks have made Crypto Wallet exchanges ensure a stronger security system: decentralized web applications with two factor authentication are now the wave for exchange platform users all over the globe.

What is a bitcoin wallet & how does it work?

The wallet is one of the top ten Bitcoin addresses in terms of total holdings—a veritable treasure chest. Apart from trying to break into the actual Bitcoin wallet, hackers are sharing a file over the internet that supposedly holds the wallet’s private keys (it may not) and therefore, access to the Bitcoin it contains.