Zengo Sets a Hacker Trap: Breach Our Wallet for a $420K Bitcoin Reward
The keyless crypto wallet maker Zengo will put 10 BTC and a pricy NFT into a Zengo wallet, challenging the hackers to take it – if they can.
According to the blog post, the “#ZengoWalletChallenge” will launch on January 9 and last for 15 days. It stated that,
“We’re moving 10 Bitcoin (± $420,000 USD) and a Pudgy Penguin (± $25,000 USD) into a regular Zengo wallet and inviting you to try and steal it.”
Further taunting interested hackers, the team said it will make things easier for attackers and harder for the team. They’ll share two of the three recovery factors needed to access the wallet.
On the first day, the team will put 1 BTC into the wallet and provide the bitcoin and ethereum addresses.
On day six, they’ll add four more bitcoin and reveal the first security factor hint.
On day thirteen, another 5 BTC will be added, and the second hint will be revealed.
On January 24, as the competition ends, the team will announce “any relevant winners, runners-up, or insights.”
(3/5) We're also moving our beloved @pudgypenguins to the same Zengo wallet.
He's currently worth around 12 #ETH.
But we're not worried because he's protected by Zengo Pro's Theft Protection: https://t.co/SqgH2GUveK pic.twitter.com/ckdqzl54Vz
— Zengo Wallet (@ZenGo) January 7, 2024
The team said it has seen over a million customers since 2018 and had no wallets hacked, drained, or phished. They also had six audits in the last five years.
Therefore, they argue that Zengo is the most secure crypto wallet.
“This Tuesday […] we are putting our money where our mouth is. Yes: We argue that Zengo is more secure than a traditional single-factor hardware wallet.”
Zengo does not have a single point of failure or seed phrase vulnerability, it said.
Per the Reddit post explaining
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