John Cantrell, Bitcoin and Lightning Network project developer, recently revealed he had successfully hacked a Bitcoin address. His article, however, received a number of responses with many concluding Bitcoin isn’t secure. Cantrell felt people missed the point of the exercise so, in a tweet thread on June 19, explained and ensured people that despite hacking a wallet, Bitcoin is still safe.
According to Cantrell, bitcoins stored in a wallet generated from a 12-word mnemonic is secure. The only reason why he was able to hack the Bitcoin wallet was because the wallet’s owner publicly exposed eight words from his 12-word mnemonic seed. He explained: ..