LTC News: Security Flaw Discovered in ’elliptic’ Library Poses Risk to Cryptocurrency Private Keys

A recently identified security flaw in the widely-used ’elliptic’ library has raised concerns about the safety of cryptocurrency wallets and applications that rely on it for elliptic curve cryptography functions.

Security Flaw in ’elliptic’ Library Could Expose Cryptocurrency Private Keys

SlowMist has identified a security flaw in the popular ’elliptic’ library, which provides elliptic curve cryptography functions for several cryptocurrency wallets, identity systems, and Web3 applications. The vulnerability arises from the library’s flawed handling of non-standard inputs during signature operations, leading to repeated random numbers in ECDSA signatures. Since the security of these signatures depends on the uniqueness of these random values, any repetition allows attackers to mathematically derive the private key. The flaw is in how the library generates the ’k value,’ a random number that should never be reused across different signatures.

Litecoin Whale Deposits 500,000 LTC To Binance: Price Decline To Extend?

On-chain data reveals a significant Litecoin whale deposit of 500,000 LTC worth approximately $51.3 million to Binance in the past day. This transaction could indicate a bearish signal for LTC’s price. Whale Alert, a cryptocurrency transaction tracker, detected this large move on the Litecoin network.

Litecoin: Hash Rate Hits Record High, LTC Price Tests Key Support

Litecoin’s price dropped to $94 due to profit-taking but key metrics signal a potential rebound. The shrinking exchange reserves and an all-time high hash rate indicate waning selling pressure. LTC, like other altcoins, experienced significant price swings due to recent crypto market volatility. Triggered by Trump’s reserves statement, LTC surged but later dropped 30%, testing a crucial demand zone at $94. Despite the decline, LTC shows recovery signs with bullish indicators if the demand zone holds.