The IRS Wants Help Hacking Cryptocurrency Hardware Wallets – Slashdot

Many cryptocurrency investors retailer their cryptographic keys, which confer ownership of their funds, with the exchange they use to transact or on a individual device. The law enforcement arm of the tax agency, IRS Criminal Investigation, and a lot more specifically its Digital Forensic Unit, is now asking contractors to come up with options to hack into cryptowallets that could be of interest in investigations, the document states. This signifies that authorities can not successfully “investigate the movement of currencies” and it may “avoid the forfeiture and recovery” of the funds. The document states that agencies may be in possession of a hardware wallet as part of a case, but may not be able to access it if the suspect does not comply. The security of hardware wallets presents a difficulty for investigators. Some people, nevertheless, want a little much more security and use hardware wallets — modest physical drives which store a user’s keys securely, unconnected to the online.

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