The md5crypt() author says the algorithm is no longer secure
Source: The Inquirer - Posted by Dave Wreski   
Cryptography THE AUTHOR of md5crypt(), which is used to encrypt passwords on some FreeBSD and Linux-based operating systems, has said it is no longer secure despite being recommended as a password hashing function. Poul-Henning Kamp implemented Ronald Rivest's MD5 one-way hashing algorithm in his md5crypt() function that has been in use on FreeBSD and Linux-based operating systems for many years. Now Kamp has been forced to say that md5crypt() is no longer secure after he claimed that people were still recommending it for production use.

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