Warning: Smartphone text prediction guesses crypto hodler’s seed phrase

South Africa News News

Warning: Smartphone text prediction guesses crypto hodler’s seed phrase
South Africa Latest News,South Africa Headlines
  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

How smart is a smartphone? Apparently, very! As it can predict a user's seed phrase. Luckily, a Redditor discovered that this could happen and decided to warn the crypto world.

Seed phrases, a random combination of words from the Bitcoin Improvement Protocol 39 list of 2048 words, act as one of the primary layers of security against unauthorized access to a user’s crypto holdings.

“This makes it easy to attack, get your hands on a phone, start any chat app, and start typing any words off the BIP39 list, and see what the phone suggests.” As a tech-savvy individual, the German crypto investor was able to reproduce the scenario wherein his mobile phone could accurately predict the seed phrases. After realizing the possible impact of this information if it went out to the wrong hands, “I thought I should tell people about it. I’m sure there are others who also have typed seeds into their phone.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Cointelegraph /  🏆 562. in US

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Crypto Biz: If you think crypto is bearish, you’re not paying attention, April 21–27, 2022Crypto Biz: If you think crypto is bearish, you’re not paying attention, April 21–27, 2022Looking at the charts you might think nothing but bearish thoughts, but if you look elsewhere, like where venture capital is allocating, you'd see nothing but green.
Read more »

Crypto Venture Capital's Rejection of Venture Capital and ‘The Box’Crypto Venture Capital's Rejection of Venture Capital and ‘The Box’The yield farming “Magic Box” model and crypto venture capital represent a divergence from traditional finance and traditional venture capital. gckaloudis writes for this week’s Crypto Long & Short newsletter.
Read more »

Three Arrows Capital plans to move headquarters to Dubai from Singapore: reportsThree Arrows Capital plans to move headquarters to Dubai from Singapore: reportsDubai’s low tax rates, pro-business and crypto-friendly policies have attracted a recent inflow of crypto firms.
Read more »

Deciphering the Metaverse: The Convergence of Gaming ParadigmsDeciphering the Metaverse: The Convergence of Gaming ParadigmsAt its core, crypto jeopardizes business models that disproportionately benefit gatekeepers. The fundamental crypto ethos espoused by many evangelists has
Read more »

Solving the ‘Sunrise Issue’ is the key to unlocking crypto mass adoptionSolving the ‘Sunrise Issue’ is the key to unlocking crypto mass adoptionRegulation is here, and it's growing, and despite what many think, compliance with these regulations protects against malicious intent, argues josephweinberg, co-founder of shyftnetwork.
Read more »

Binance to drive crypto and blockchain awareness among Indian investorsBinance to drive crypto and blockchain awareness among Indian investorsBinance also partnered with India-based crypto influencers and educators including Neha Nagar, Aditya Saini and Kashif Raza to host a free webinar named Crypto for All on May 1.
Read more »



Render Time: 2025-03-12 08:51:35