The IOTA project is again the target of public anger and criticism. This time, the problem is a feature of technology that apparently allows cheaters to steal about $ 4 million from users.
IOTA, the crypto, which is ranked 11th in the ranking of crypto with the highest market capitalization, is being criticized in forums and social networks. The technology behind the project is accused of allowing obvious fraud or hack. This costs consumers about $ 4 million. This is not the first time IOTA has been attacked. Already in December, the project received a lot of public contempt about the published partnership with Microsoft, which turned out to have not happened.
What happened?
The IOTA wallet requires users to independently generate their own seeds (private keys). Many users have relied on online generators for this, such as iotaseeds.io. If someone misplaces the online generator, they can simply collect all the private keys that IOTA users receive and wait for the time to finalize the hack. At the same time, anyone responsible for the DDOS attack against some of IOTA's most popular nodes that effectively prevents victims from recovering their money.
While IOTA supporters explain that this is not a bug in the technology itself, which they believe is still quite certain, critics do not buy it.
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