Saturday, June 25, 2011

Something fishy about the Bitcom crash

"It appears that someone who performs audits on our system and had read-only access to our database had their computer compromised. This allowed for someone to pull our database," the statement read.BBC
The theft happened at Mt Gox, a Bitcom exchange. But trading is peer to peer, the private key of a trader is needed to steal, Mt Gox should not have that. We are not hearing the whole story here.

Here is part of the story:
If the certificate authority's root key is stolen, then anyone can create digital certificates, which compromises the trust level of the certificate authority and makes all the certificates from that certificate authority null and void. PKI for Dummies

More later

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