Austin Griffith Demonstrates How Fast Bots Can Drain Weak Ethereum Keys

Austin Griffith of the Ethereum Foundation put about $1 in an Ethereum wallet whose private key was the number 6969 , and bots went after it almost at once. “As soon as the dollar landed, there were three transactions in the mempool pending trying to steal it,” Griffith said on Oct. 21 on Uneasy Money, the Unchained show he co-hosts. A private key is the secret number that controls a wallet, so anyone who guesses it can move the funds. Griffith ran the test after a security failure at eMudhra , an Indian certificate authority.