RATE Group | Former Google Engineer Uncovers 96% Of Privacy Altcoin Addresses
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Former Google Engineer Uncovers 96% Of Privacy Altcoin Addresses

19 Nov Former Google Engineer Uncovers 96% Of Privacy Altcoin Addresses

Posted at 07:07h in Cryptocurrency News by

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Last week, privacy-focused crypto altcoin GRIN made news after the development team received a donation from an early Bitcoin whale interested in supporting future development of the budding technology built on a unique blockchain protocol called Mimblewimble, after Happy Potter lore.

Now this week, that whale may regret the donation, as a former Google engineer and computer scientist has discovered a new attack that “breaks Mimblewimble’s privacy model” and uncovers as much as 96% of the addresses associated with the privacy altcoin.

Former Google Engineer Publishes Successful Attack on Privacy Altcoin

Russian computer scientist and former Google engineer Ivan Bogatyy, has revealed via a detailed Medium post, that he has discovered an attack vector that allows the developer to expose the exact addresses of the senders and receivers of 96% of all GRIN transactions in “real-time.”

Related Reading | Road To Riches: The Ups and Downs Of Going All-In On Crypto 

The developer…

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