May 28, 2023

GK8 offered $ 250,000 to crack her cold wallet

The Israeli company GK8, working in the field of digital security, has offered to pay $ 250,000 to anyone who can crack her cold wallet.

Reportedly crack the wallet on whichBitcoins worth approximately $ 125,000 will be stored, needed in 24 hours. The rest of the reward will be paid to the first person to be able to access the wallet. That is, at the current rate, the hacker will receive approximately 28 bitcoins.

The company says its wallet is “absolutely impossible to crack,” as asset management takes place without the need for a network connection.

“We offer hackers from all over the world to crack ourthe wallet, although, of course, they won’t succeed, ”emphasized GK8 co-founder and CEO Lior Lamesh, who previously worked as a cybersecurity specialist in the office of the Israeli Prime Minister.

GK8 raised over $ 4 million in a round of financing,held in September 2019. Funds were raised to develop a cold wallet with hot functionality. Earlier, company representatives stated that its customers, including the eToro platform, manage cryptocurrencies worth more than $ 1 billion.

GK8 Cold Wallet Solution Introducedin September last year. The wallet is connected to the blockchain directly and can only send transactions, but it cannot accept data. This allows you to protect yourself from hacking, attacks and accidental loss of funds.