It's going to be fun when ransomware strikes a cryptocurrency. Some of the software this grift is built on is not at NASA avionics level of correctness, and there sure is a lot of money for the taking.
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So-called "stablecoins" in particular (since they're backed with non-pretend assets) are just a progressive lottery for whoever can hack a cryptocurrency exchange or mining client fast enough.
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The logical endpoint is to have smart ransomware contracts that live on yet another blockchain, to make it more difficult for authorities to shut down these attacks. And then metaransomware can attack that, recursively, until we reach full employment.
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Pinboard Retweeted Trammell Hudson ✪
Putting it another way, because cryptocurrency can't be taken offline by definition, any cryptocurrency is automatically a bug bounty that is some fraction of that currency's total dollar value. (building on this excellent observation by
@qrs https://twitter.com/qrs/status/1395784294451265536 …)Pinboard added,
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What's particularly exciting about ransomwareing a cryptocurrency infrastructure is the potential to improve the conversion funnel on the payment step. It automates away the clunkiest part of the operation (the textfile that explains to victims how to send the ransom)
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