Many may consider hackers to be geniuses, however, their talent can always be reciprocated and Amber Group has just proven that.
The crypto firm announcedattack.
“We have reproduced the recent Wintermute hack. Figured out the algorithm to build the exploit. We were able to reproduce the private key on a MacBook M1 with 16G memory in <48h,” the firm tweeted following its self-initiated investigation into the exploit event.
Amber Group confirmed its claims by leaving an on-chain message to prove its claims. When the Wintermute protocol was hacked on September 20, Chief Executive Officer, Evgeny Gaevoy noted that despite the exploit, the protocol is still very solvent and can fulfill all of its obligations to its creditors and users.
Per the insight that the Amber Group investigation proffered, the digital currency platform said that it too “could extract the private key belonging to Wintermute’s vanity address and estimate the hardware and time requirements to crack the address...
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