Hackers Stole $4M in IOTA

Hackers used information from seed generation website
22 January 2018   170

IOTA Community faced with hacker attack. Around $ 4 000 000 was stolen with the help of malicious websites providing users with a new wallet seed. This is reported by CCN.

When creating an IOTA wallet, users need to create a seed-key, consisting of 81 characters. Many users preferred to use online generators for such keys - websites that create passwords.

One of the sites passed information to scammers. Those used seed-keys and emptied the wallets of users. 

The attackers knew the seeds. You invited them into your wallet, by handing them your keys on a silver platter. The community of fullnode operators is discussing various strategies to better protect public community nodes from this specific and similar DDoS attacks in the future.
 

Ralf Rottmann
OTA Evangelist Network [IEN] member

The IOTA community encourages users to change elements of the seed in order to prevent any vulnerabilities. They have also been repeatedly pointing to the fact that the vulnerability has nothing to do with IOTA’s technology, and rather just seed generating services.

IoT Conference to Take Place in Berlin

Bosch ConnectedWorld is the fifth Internet of Things annual conference which will take place on February 21-22, 2018 at STATION-Berlin
16 February 2018   71

Bosch ConnectedWorld is an annual event that celebrates the Internet of Things. Presented by the Bosch Group, the fifth annual conference takes place February 21-22, 2018 at STATION-Berlin.

The conference will host more than 140 speakers on four stages presenting IoT trends and implementations in front of more than 3,500 conference and hackathon participants.

Bosch Connected world conferenceBosch Connected World Conference

Location: STATION-Berlin, Luckenwalder Str. 4-6, 10963 Berlin, Germany
Dates: February 21 – 22, 2018

Through inspiring keynotes, three session tracks, a huge IoT exhibition, a Meet Up stage, a hackathon, and a lot networking opportunities, all the attendees will learn how the Bosch ConnectedWorld experience, and especially IoT, is truly remarkable.

The Headline speakers include Dr. Volkmar Denner, CEO of Bosch; Dr. Dieter Zetsche, Head of Mercedes-Benz Cars; Dr. Frank Appel, CEO of Deutsche Post DHL; Dirk Slama, Chief Alliance Officer of Bosch Software Innovations, and many more.

Moreover, the attendees will be able to experience the latest in Internet of Things (IoT) first hand with over 10,000 square meters of exhibition space, and check showcases from over 80 partners and discover how IoT solutions can bring new business models and revenue channels to life.