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Satoshi’s Bitcoin Wallets Might Get Hacked, Tether CEO Predicts
In a recent statement, Tether CEO, Stuart Hoag, raised concerns about the potential hacking of Satoshi’s Bitcoin wallets. This prediction has sent shockwaves throughout the cryptocurrency community, with many questioning the security of these ancient addresses.
As reported by U.Today, Mike Novogratz believes that Satoshi is no longer alive, which raises a new set of questions regarding the ownership and control of these assets. If Satoshi were still alive, their current Bitcoin holdings would make them wealthier than Microsoft co-founder Bill Gates.
While the debate surrounding Satoshi’s identity and fate continues, the risk of hacking is a pressing concern for the cryptocurrency community. According to Hoag, quantum computing is “far away,” which means that adding quantum-resistant addresses will eventually be necessary if there is an actual threat.
In this scenario, individuals who still have access to their wallets would be able to move their coins to these new types of addresses. This would ensure the security and integrity of Satoshi’s Bitcoin reserves, regardless of the owner’s identity or fate.
The mystery surrounding Satoshi’s identity has led to speculation about their potential whereabouts and the status of their assets. However, the focus should remain on securing the existing Bitcoin wallets, which are at risk of being hacked in the future.
While this prediction may seem like a distant concern, it is crucial for the security of these vast amounts of cryptocurrency.
Source: u.today
