Cryptocurrency Startup Loses Encryption Key for Electronic Wallet

Cryptocurrency Startup Loses Encryption Key for Electronic Wallet
The cryptocurrency fintech startup Prime Trust lost the encryption key to its hardware wallet—and the recovery key—and therefore $38.9 million. It is now in bankruptcy.

Cryptocurrency Startup Loses Encryption Key for Electronic Wallet

The cryptocurrency fintech startup Prime Trust lost the encryption key to its hardware wallet—and the recovery key—and therefore $38.9 million. It is now in bankruptcy.

I can’t understand why anyone thinks these technologies are a good idea.

Sidebar photo of Bruce Schneier by Joe MacInnis.

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