{"id":82269,"date":"2023-07-27T15:11:32","date_gmt":"2023-07-27T12:11:32","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=82269"},"modified":"2025-09-12T03:59:40","modified_gmt":"2025-09-12T00:59:40","slug":"user-loses-bitcoin-after-using-a-key-generator","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/user-loses-bitcoin-after-using-a-key-generator\/","title":{"rendered":"User loses Bitcoin after using a key generator"},"content":{"rendered":"<p>User r\/jdmcnair<a href=\\\"https:\/\/www.reddit.com\/r\/Bitcoin\/comments\/157ze5i\/my_bitcoin_was_taken_how\/\\\"> \u0441\u0442\u043e\u043b\u043a\u043d\u0443\u043b\u0441\u044f<\/a> with a $3,000 theft in Bitcoin from a paper wallet after using a key generator.<\/p>\n<p>The owner asked experts to explain how this happened.<\/p>\n<div class=\\\"wp-block-image\\\">\n<figure class=\\\"aligncenter size-full\\\"><img decoding=\\\"async\\\" src=\\\"https:\/\/forklog.com\/wp-content\/uploads\/image-477.webp\\\" alt=\\\"image-477\\\" class=\\\"wp-image-212364\\\"\/><figcaption class=\\\"wp-element-caption\\\">Transactions from the user&#8217;s wallet.<em> <\/em>Data: Blockchain.com, Reddit.<\/figcaption><\/figure>\n<\/div>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p><em>\u00abI stored <a href=\"https:\/\/forklog.com\/en\/news\/what-are-custodial-and-non-custodial-crypto-wallets\">non-custodially<\/a> \u2014 generated a private key and printed it on paper on a standalone computer. I placed it in a safe, the key of which only I have. I believed this was one of the safest methods\u00bb,<\/em> \u2014 the user explained.<\/p>\n<\/blockquote>\n<p>The victim of the attackers said he used the walletgenerator.net service. Commentators noted that in the community<a href=\\\"https:\/\/medium.com\/mycrypto\/disclosure-key-generation-vulnerability-found-on-walletgenerator-net-potentially-malicious-3d8936485961\\\"> they pointed to vulnerabilities<\/a> of the mentioned generator.<\/p>\n<p>In an interview with<a href=\\\"https:\/\/cointelegraph.com\/news\/redditor-gets-lesson-after-bitcoin-paper-wallet-hacked\\\"> Cointelegraph<\/a> CertiK&#8217;s Chief Security Officer Hugh Brooks said that users should think twice before using such services.<\/p>\n<p>According to the expert, such online-wallet generators have recently been used as tools for hacking.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p><em>\u00abThe website mentioned in the report returns an IP address in Russia. The Criminal IP tool says that several reports of abuse have been filed against this resource\u00bb,<\/em> \u2014 he explained.<\/p>\n<\/blockquote>\n<p>Brooks stressed that since 2019, paper-wallet generators have contained serious vulnerabilities. Walletgenerator.net probably issued \u201cthe same keys to different users\u201d.<\/p>\n<p>The expert recommended using hardware wallets as an alternative.<\/p>\n<p>In September 2022 the market-maker Wintermute<a href=\"https:\/\/forklog.com\/en\/news\/hackers-stole-160-million-from-wintermute\"> lost $160 million in crypto assets<\/a> as a result of a hacker attack. The attacker<a href=\"https:\/\/forklog.com\/en\/news\/experts-tie-wintermutes-160-million-hack-to-vanity-address-generator-vulnerability\"> exploited<\/a> a vulnerability in the Profanity tool.<\/p>\n<p>In the second quarter the crypto industry lost more than $313 million<a href=\"https:\/\/forklog.com\/en\/news\/crypto-industry-losses-from-hacks-and-scams-exceed-313-5-million-in-q2-2023\"> from malicious actions<\/a>, according to CertiK.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>User r\/jdmcnair lost $3,000 worth of Bitcoin from a paper wallet after using a key generator.<\/p>\n","protected":false},"author":1,"featured_media":82270,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1204,1154,57],"class_list":["post-82269","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-certik","tag-crimes","tag-wallets"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/82269","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=82269"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/82269\/revisions"}],"predecessor-version":[{"id":82271,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/82269\/revisions\/82271"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/82270"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=82269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=82269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=82269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}