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Researcher Solves ‘Steal My Bitcoin’ Challenge, Wins 0.025 BTC Prize

A researcher cracked the ‘Steal My Bitcoin’ challenge and claimed a prize of 0.02511679 BTC after discovering the server held the wrong wallet key. The operator had to transfer the funds once the exploit was demonstrated.

Original source

AI take

The lesson here is operational, not cryptographic: the challenge fell not to a break of Bitcoin itself but to a key-handling error on the operator's side, with the payout settled by voluntary transfer rather than a protocol failure. That distinction matters for anyone running bounty-style security tests or holding funds behind self-custody setups, where the weakest link is usually configuration. Whether such public challenges draw more scrutiny toward wallet-key management, and whether operators tighten their setups before posting prizes, is the open question.

Generated by AI for reference only.

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