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IRS asking contractors to find ways of retrieving keys from cold storage wallets

IRS asking contractors to find ways of retrieving keys from cold storage wallets



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  1. tldr; The IRS is asking contractors to come up with solutions to hack into cryptocurrency hardware wallets that could be of interest in investigations. “Millions, perhaps even billions of dollars, exist within cryptowallets,” a document posted on the IRS website states. The agency doesn’t want a one-off solution, but tools that it can reliably use in multiple cases going forward.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  2. I remember watching a breakdown of a trezor device by a hardware analyst and he was shocked at the lack of actual security measures. For instance the main processor pins were accessible and he said the device could likely be accessed via JTAG. Other more secure devices cover the components in a hard goop so nobody can access the contents. There is more to cold wallet security than your seed phrase.

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