Haseeb Qureshi: Doubts Justin Drake's bunker mode, suggests using cryptographic recovery mode
Haseeb Qureshi, Managing Partner of Dragonfly, stated that Justin Drake's proposed "bunker mode" belongs to "cryptographic doomsday" and address migration cannot solve the risk of AI cracking encrypted signatures. Haseeb Qureshi believes that the "bunker mode" cannot protect assets sold at other addresses, and suggests using the "cryptographic recovery mode" to recover assets with the assistance of validators through a hash based backup signature scheme. Justin Drake previously warned that the ECDSA signature algorithm is at risk of being hacked and advised users to migrate their funds to a new wallet. According to Glassnode data, approximately 6.26 million BTC are currently located in addresses with potential risks. (Source: Cointelegraph)