GK8 ready to pay $ 375,000 for hacking a wallet
Digital security is one of the most profitable industries in the crypto industry. Large projects allocate colossal amounts to protect their own technologies. But hacks still occur. For example, recently Bitcoin Gold was hacked. Hackers have already illegally received money hundreds of times, showing quick wit and unprecedented professionalism. But now everyone can participate in a legal hack and get quite honest money. This is possible thanks to the Israeli startup GK8. What is needed to win the upcoming contest and what is the competition? Let’s get it right.
A bit about the GK8
GK8 is a team of several Israeli programmers who are actively developing the security of digital money. In September last year, enterprising developers introduced the eponymous wallet. According to them, the development is absolutely impossible to crack. The unique cold storage absolutely does not go online. Which means that there are virtually no loopholes for penetration. Of course, the lack of the Internet greatly limits the technical potential of the GK8 wallet. For example, due to its design, the repository is not suitable for transfers. The device only receives a signal, response transmissions from it are impossible. The only thing a wallet is capable of is to receive and store money. Real electronic safe.
Connection to the Blockchain, unlike competitors, is built through several stages of checks. There is no direct contact. So corresponding attacks are not possible. GK8 is really ahead of its counterparts and leaves behind even the most famous competitors. So, after hacking the famous cold wallet Bitfinex, many large investors turned their attention to the Israeli development. The storage can already be used, and so did the large exchanges. Development has raised over $4 million of investment. It is an absolute success. The solution already works both with Bitcoin and with other currencies.
But even such a technically advanced storage as the GK8 can always be modified and developed. Developers are well aware that progress does not stand still. And hackers are constantly evolving. Crackers are trying to circumvent the most advanced methods of protection. So the GK8 announced a competition. The company invited programmers from all over the world to try to hack their development. The winner is waiting for a very, very solid prize. On the wallet prepared for the experiment, there are already 125 thousand dollars. In the event of a successful hack, the winner takes this amount for himself and receives an additional $250,000 in Bitcoins for the effort. What are the conditions?
How to participate in the competition
On February 3, GK8 officially authorized to crack a specific address, which is not yet known. For 24 hours, everyone can try to open a perfect wallet and get a reward. There are no conditions and prohibitions. Hackers can use any methods and tactics. The main thing is to crack the wallet.
In fact, this is not only an opportunity to get money. But also a great advertising company. GK8 wins in every sense. The company understands that it is unlikely that anyone will be able to crack their decision. So that the money is actually safe. Offering such a serious amount, GK8 says to the whole world and its investors, “We are completely confident in our product.” Most likely, the one who comes closest to the solution will receive a consolation prize and a commercial offer from GK8. The company is interested in qualified employees. So if you are confident in your abilities, wait on February 3 and get down to business.
Follow all the news of the crypto industry with us. We publish only high-quality and interesting material. Thanks for attention. Good luck!