Cardano (ADA) co-founder Charles Hoskinson says he’s willing to bet on an upcoming security feature for the new Lace wallet.
Lace, built by Cardano developer Input Output Hong Kong (IOHK), is a lightweight multi-chain crypto wallet that aims to seamlessly connect everything in Web2 and Web3 to a single interface.
Hoskinson says in a new YouTube update that it’s “extraordinary” to him what happened with the recent hack on the password management firm LastPass.
The hacker obtained “basic customer account information and related metadata including company names, end-user names, billing addresses, email addresses, telephone numbers, and the IP addresses from which customers were accessing the LastPass service,” according to LastPass CEO Karim Toubba.
Hoskinson calls it a “screw up” on LastPass’s part and says it’s “pretty dirty what happened.”
The Cardano co-creator says “it’s a shame” that Pretty Good Privacy (PGP), an encryption program, isn’t a standard.