June 19, 2024

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Hackers managed to open a Bitcoin wallet: the huge amount it was hiding (Video)

Hackers managed to open a Bitcoin wallet: the huge amount it was hiding (Video)

The story began with electrical engineer Joe Grand, known online as “Kingpin,” who was hired to crack an encrypted file containing 43.6 bitcoins.

Forgetting a password is usually a minor inconvenience, but when it comes down to it it’s an inconvenience Bitcoin wallet worth $3 million, becomes an important test. This was the reality for an anonymous cryptocurrency owner who lost access to his vault Bitcoin 11 years ago. Fortunately, a group of hackers recently managed to open the wallet. Huge amount refund.

The story began with electrical engineer Joe Grand, known online as “Kingpin,” who was hired to crack an encrypted file containing 43.6 bitcoins. the Cryptocurrency High value insured with one password They were generated by Roboform, a random password generator, which has since disappeared.

For security reasons, the wallet owner has encrypted the password to protect it from potential hackers. “At the time, I was really paranoid about my safety“, he stated. Despite his precautions, the password was lost, making Bitcoin inaccessible as its value has risen dramatically since then. 3.000 reach to $4000 per BTC for a staggering amount of 3 million dollars.

In a YouTube video, the owner narrated his meticulous technique: “I created the password, copied it, and put it in the wallet passphrase, but also in a text file that I then encrypted». However, this method failed, resulting in more than a decade of locked assets.

This revelation allowed Grand to open the encrypted file, ultimately giving the owner access to his bitcoin. The successful recovery highlights the potential risks of digital security measures and the expertise required to address such challenges.

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