Brain Wallets

Pierluigi Paganini February 17, 2016
$103,000 stolen in Brain Wallets cracking attacks

A group of researchers discovered that roughly 1,000 brain wallets have been drained by cyber criminals that have stolen $103,000 The term brainwallet refers to the concept of storing Bitcoins in one’s own mind by memorization of a passphrase. The phrase is converted into a 256-bit private key with a hashing or key derivation algorithm (example: SHA256). That […]