Crypto Hacking Methods : The Stealing the private keys
Before getting into the details of how to hack Bitcoin wallet, you should first understand that Bitcoin is nobody’s property.
Blockchain, the Bitcoin public ledger, maintains a record of all the addresses and a certain value is then attached to the particular key that identifies each record.
So, when someone owns Bitcoin, what they actually have is the private key for unlocking a particular address on the Blockchain.
These keys are stored both online and offline in so many different ways and each of them has a certain security level. Nevertheless, they all are vulnerable because, as you want to know how to hack a Bitcoin wallet, all you have to do is to somehow access that characters string which forms the private key.
Most of the times, it’s the online services being responsible for storing private keys that get attacked. Sheep Marketplace is a perfect example of such service providers. Mostly, it’s the insiders who carry out such attacks as they don’t even need to know the hacking thing at all. All they need to do is to copy the entire database containing private keys to own the Bitcoins located on all the addresses stored in the database.
You can also do the same if you’re an insider and know how to break into the database. And, once you do, you’ll be able to spend all the Bitcoins anywhere you like.
The DigitalBank Crypto Vault : The World's Most Secure Crypto Storage Solution
Impenetrable Crypto Wallet : private keys never stored , anywhere , at any given time . The Private Key (PK) is safely generated by you , known only to you , and can be accessed only by you .
The Device generating the PK, is not storing at any given time the PK generated . It is generated by you , on the spot , with a passphrase , when needed , for just a few milliseconds , just to sign in the transaction and then disappear permanently from the device .