Is your Bitcoin wallet at risk due to outdated technology? A recent report by cryptocurrency startup Unciphered reveals a potential security threat to Bitcoin wallets created before 2016. Dubbed “Randstorm,” this software flaw affects wallets generated by BitcoinJS between 2011 and 2015. The flaw could have impacted approximately 1.4 million Bitcoin, with a potential value ranging from $1.2 to $2.1 billion. Unciphered has spent months notifying over one million individuals about the vulnerability. It’s important to note that these vulnerabilities do not imply a fundamental flaw in Bitcoin or technology in general, but rather a chain of programming errors that occurred between 2011 and 2015. The wallets’ software developer, Stefan Thomas, admitted to using stolen code from a Stanford University student without thoroughly checking its validity. This vulnerability serves as a reminder of the risks associated with holding wallets on obsolete crypto platforms. The world of cryptocurrency is known to be hostile, with individuals constantly attempting to undermine its security. As the curtains draw on this unsettling revelation, it is a wake-up call for those still using pre-2016 Bitcoin wallets. The recent exposé by Unciphered sheds light on the potential dangers faced by those unaware of the vulnerabilities in their outdated digital fortresses.

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Information	Details
Geography	Global
Countries
Sentiment	negative
Relevance Score	1
People	Stefan Thomas, Dan Guido, Eric Michaud
Companies	The Washington Post, BitcoinJS, Blockchain.com, Stanford University, Unciphered
Currencies	Bitcoin
Securities	None