Cold storage company offers $ 250.000 to hack its new product
GK8, a company specialized in cold storage wallets, offers until $ 250,000 in anyone who can hack its new product.
GK8’s new product, who doesn’t need Internet connection in any direct or indirect way, is a new “hack-proof digital vault”. The winner of the challenge will receive 14 BTC in his wallet and another $ 125,000 in cash. The challenge will start on February 3 at 9 a.m. EST and finish on February 4 at 9 a.m. EST.
GK8 have focused its products in the banking sector, allowing them to hold safely their crypto investments and access them, without Internet connection.
One of the company’s positives is the support from Zcash’s founder, Professor Eran Tromer, who declared that GK8 has set new standards for cold storage wallets, giving the minimum surface to potential hackers to attack them.