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Cryptocurrency Startup Loses Encryption Key for Electronic Wallet
Sept. 6, 2023, 11:05 a.m. | Bruce Schneier
Schneier on Security www.schneier.com
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.
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