Trezor bitcoin wallet was hacked in 15 minutes, Twitter added Bitcoin emoji, and 5 Chinese pools control 50% of the bitcoin network

Kraken experts hacked Trezor bitcoin wallet in 15 minutes

Kraken security experts managed to extract the SEED phrase from the Trezor hardware wallet — it took them 15 minutes to do this.

To make a similar attack, an attacker needs physical access to a Trezor One or Trezor Model T wallet, as well as an inexpensive device that can cause a voltage glitch. Such device that can be bought for about $75.

“The attack takes advantage of inherent flaws within the microcontroller used in the Trezor wallets. This unfortunately means that it is difficult for the Trezor team to do anything about this vulnerability without a hardware redesign.”

It’s a flaw that’s present in the hardware, not something they can just put a formal update on and fix it for all their customers. To address this problem, they would essentially need to put out a new device,” said Nick Percoco, director of security at Kraken.

Trezor said that the attack cannot happen remotely, and it will not work if users turn on the BIP 39 passphrase. Earlier, Kraken specialists found a similar vulnerability in KeepKey wallets.

Twitter added bitcoin emojis

Popular social network Twitter has added emojis with a bitcoin symbol. It appears when a user types #Bitcoin and #BTC tags.

Twitter CEO Jack Dorsey made a tweet with the new emoji and mentioned Unicode, an organization that is responsible for character encoding standards. Most likely, the Twitter CEO called on Unicode to add bitcoin to the universal character set.

Binance CEO Changpeng Zhao, Tron founder Justin Sun, and Morgan Creek Digital co-founder Anthony Pompliano mae tweets with the BTC emoji.

5 mining pools from China control half of the Bitcoin network

TokenAnalyst experts discovered a dangerous centralization of the bitcoin network — 5 Chinese pools control almost half of the bitcoin hashrate.

Analysts identified 95% of the addresses which receive mining rewards. It turned out Chinese pools, AntPool, F2Pool, BTC.TOP and ViaBTC generate 49.9% of the bitcoin network capacity. All these pools are connected through the cloud mining platform BitDeer, which, in turn, works with Bitmain.

TokenAnalyst specialists also found that the 1THash & 58Coin and BTC.TOP pools are most likely controlled by the same people.

Arcane Research: Bitcoin Market Shows Healthy Growth

An Arcane Research report says that the cryptocurrency “fear index” rose to the August’s high amid the recent rise in bitcoin price.

The index has been growing since mid-December last year, which indicates the strengthening of bullish sentiment in the market. In addition, for the first time since last summer trading volumes on cryptocurrency exchanges began to grow, and along with them, the volatility of the bitcoin price is also increasing. This indicates a “healthy and stable growth” in the price of the first cryptocurrency, experts say.

Exchanger monitor

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store