Crypto Users Claim Popular Bitcoin Paper Wallet Generator Is Compromised, Millions Allegedly Stolen – Bitcoin News

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A number of forum posts and tweets state that the bitcoinpaperwallet.com website is compromised and people have said they lost bitcoin using the paper wallet generator. The website domain changed hands three years ago and since then losses have been reported on Reddit forums, bitcointalk.org, Twitter and other public institutions. The owner of the web portal for creating paper wallets denies that the platform’s code base has been compromised and claims it has been checked by a security expert.

Bitcoinpaperwallet.com wallet generator website accused of being compromised and unsafe

Years ago, a website called bitcoinpaperwallet.com, once owned and operated by Canton Becker, was once a hugely popular paper wallet generator. However, when the website was sold in 2018, bitcoinpaperwallet.com reviews got very negative. The complaints continue to this day and a month ago a user called u / heroiclife created a thread on Reddit asking people to help him shut down the website.

“Help me end the bitcoinpaperwallet.com scam,” the post explains.

Reddit user u / heroiclife said he was not personally affected but was a crypto wallet recovery service provider who had heard of multiple cases.

“I’ve heard of customers who have bitcoin stolen there. It’s stupid to use a paper wallet in 2021, but not everyone knows that, ”said the individual. He also asked if Bitcoiners could help file abuse complaints with Enom, the domain registrar, report abuse to Linode, the web host, and mark the website as malicious in Google Safe Browsing.

Twitter is also littered with posts stating that bitcoinpaperwallet.com has been compromised. On January 3rd, 2021, on the 12th anniversary of Bitcoin, Dustin Dettmer said, “I just made a friend lose all of their inventory through this website, which seems to be a total scam. How do we get it shut down? We should post about this particular scam on bitcoinpaperwallet.com, ”added Dettmer.

On December 13, 2019, a Reddit user named u / maff1989 said he lost money after tucking a paper wallet into a Christmas card.

The user claims his $ 700,000 worth of bitcoin was sent to another wallet a minute after the paper wallet was loaded

A month ago, a user on the web portal stackexchange.com said he was using the bitcoinpaperwallet.com website offline and sent 14.5 BTC (over $ 700,000) to the wallet’s public key. A minute later, his 14.5 BTC was sent to another wallet. “Any advice on what to do?” he asked. “I accepted the loss and the lesson (should have used the offline generator) but want to make sure this doesn’t happen to others.”

Crypto users claim the popular Bitcoin wallet generator has been compromised, millions have been allegedly stolen

After the site was sold in 2018, some Reddit users accused the current owner of being a “villain”. Others have said that it is obvious that the website is not producing private keys as it should. Reddit user u / senor_curioso explains that it can be tested and says:

“Yes, this is where you can prove that the current site is producing predictable keys.

  • Save the HTML generator on your computer
  • Find the long set of “test keys” represented by eckey_test =[{,,,}];; and replace it with just a single keypair like this: eckey_test =[{pub:”MUtDQ25Td05uQ0I0Y05ZN0hFc0hja1M4Vjk5bUxFNjJKZQ==”,priv:”NUpreTZtM2lZS2FxTm1NZ2NvaEdYb2o0dXVyVTNXaXhiak54R1N4NmNlbmU3S25FWGR6″}];;
  • Now charge the generator. Exactly the same (predictable) wallet is generated over and over again.
  • The server gives each visitor a different set of “test keys”. They are not used as tests. They are used as starting values ​​for the random number generator and are obviously stored on the server so that they can be stolen later. “

The website owner claims the paper wallet generator’s servers are clean and are being checked by a security expert

A recent report by author, Colin Harper detailed that the paper wallet creation website is currently managed by a person named Sarkis Sarkissian. The report quoted Sarkissian as saying that the owner “has received complaints from users who claim they have lost their Bitcoin through our website”.

It appears that he was available to comment on the matter at hand. However, Sarkissian pointed out that the complaints were likely “resolved” or the user found out it was “their own fault”. Harper also asked Sarkissian if he knew of a “back door” in the bitcoinpaperwallet.com code base.

“We have searched our source code for the problems contained in these documents and cannot reproduce the same results,” Sarkissian was quoted as saying. “Our servers and our source code were checked by [our security expert Jonel Richard]. He is still in custody and is investigating further to reproduce the problem identified by others, ”said the current owner of the website.

Great care must be taken in creating a paper wallet, and it is possible that user errors were linked to a number of allegations related to the domain being distributed across the internet. It is always mentioned in many example guides, regardless of what type of wallet generator is used, it should always be done completely offline. A person who attempts to create a cryptocurrency wallet online while connected to the internet is extremely vulnerable to hacking exploits.

What do you think of the bitcoinpaperwallet.com website that is accused of being compromised? Let us know what you think on this matter in the comments section below.

Tags in this story

Accusations, back door, Bitcoin, Bitcoin (BTC), Bitcoin paper wallet, BTC, BTC paper wallet, claims, Colin Harper, complaints, crypto user, Dustin Dettmer, exploit, lose money, paper wallet, paper wallet generator, Reddit forums, Sarkis Sarkissian, stolen Bitcoin, Twitter, insecure, vulnerable

Photo credit: Shutterstock, Pixabay, Wiki Commons, stackexchange.com,

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