FTX stored private keys to crypto assets in plaintext, without access controls
It is fantastic that a company operating with such horrific practices is dead. While we are at it, when can we fix similar issues below with mainstream financial systems that millions of people are still using?<p>- Social security numbers are used as a secret for identification, despite being in plaintext and having so low entropy as to be guessable, and originally issued on a card literally saying "Not for Identification".<p>- Every bank check lists the bank account number, which serves as the only information needed for a party to issue a request to withdraw money from that account.<p>- Credit card numbers are similarly a private number used as a public number, and printed on plaintext on the card.<p>Is there any effort working on bringing asymmetric encryption to these systems or to replace them that has a reasonable chance of working?