Sure! Here’s the text translated into American English:
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Salomon Brothers has announced the completion of the insertion of notices in inactive digital wallets as part of its strategy to mitigate the risks associated with abandoned wallets. It is estimated that around 0.5% of these wallets are forgotten by their owners, who often lose access to their private keys. According to industry information, up to 20% of bitcoins and other digital assets are held in these unattended wallets.
The concern lies not only in the at-risk capital but also in the threats posed by rebel groups and criminal organizations that have the technical ability to hack assets in forgotten wallets. This risk is exacerbated by the vulnerabilities of older encryption protocols, prompting blockchain experts to warn about the imminence of these dangers.
“Protecting wallets ensures the integrity of millions that are in use,” stated R. Adam Smith, a representative of Salomon Brothers. Smith also emphasized that the increasing government regulation on cryptocurrencies has generated anxiety among digital wallet holders, making the resolution of this issue a collective priority.
The process implemented to secure inactive wallets included the insertion of notices in those that had not shown activity for an extended period. The notices provide a minimum response time of 90 days for owners to respond, either by making an anonymous transaction or by completing a form available on the Salomon Brothers website.
Some owners have already begun responding to these notices, transferring their digital assets to new wallets, indicating that they still have control over them. This phenomenon was evident last month when several owners of inactive wallets reacted similarly.
Salomon Brothers has decided to make this announcement public after concluding the notice distribution process to clarify confusions arising from speculation in blogs and cryptocurrency media. Additionally, it has been reported that part of the recovered digital assets will be allocated to a fund for those owners who have lost their keys, with more details about this recovery fund expected in the coming months.
Headquartered in New York, Salomon Brothers has established itself as an investment bank recognized for its independence and expertise in financial advisory, including services related to cryptocurrencies.
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via: MiMub in Spanish
