• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

RoboForm Vulnerability Unlocks $3 Million Bitcoin Wallet

user avatar

by Giorgi Kostiuk

2 years ago


The Tale of the Crypto Treasure

A mesmerizing narrative akin to a sci-fi blockbuster transpired surreptitiously within the realms of the cryptocurrency domain. Ethical hackers brazenly defied chronological norms to aid an individual in reclaiming his misplaced Bitcoin wallet, valued at an astounding nearly $3 million.

Unveiling the RoboForm Vulnerability

In the annals of 2013, an entity known as 'Michael' intricately crafted a Bitcoin wallet and crafted a robust 20-character password utilizing the renowned RoboForm software.

Regrettably, the ominous touch of fate befell the backup file, leading to its tragic corruption. Consequently, the 43.6 bitcoins ensconced within, presently valued at approximately $2.96 million, became beyond reach.

A decade later, esteemed ethical hackers Joe Grand and Bruno scripted a tale of unfathomable proportions as they managed to transcend the impossible: revival of this digital fortune through capitalizing on a long-forgotten vulnerability within RoboForm's password generation mechanism.

A Time-Warping Endeavor for a Cryptocurrency Coffer

Immersed in intensive examination, the specialists stumbled upon a startling revelation: RoboForm formerly associated each password with the precise date and moment of inception on the user's computer. A glaring flaw for a tool purported to engender wholly randomized keys, proving catastrophic for Michael's password hatched in 2013.

Flouting the ostensible dictates of time, Grand and Bruno embarked on a genuine digital saga. By painstakingly replicating the system clock from a decade ago, they meticulously reconstructed the original key, thereby unlocking the wallet housing the bitcoins.

Michael, the jubilant custodian, strategizes to vigilantly retain his bitcoins until they scale the remarkable pinnacle of $100,000 apiece. A daring gamble echoing the monumental exertions exerted to safeguard this digital asset.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Ethereum Approaches Breakout Phase According to Technical Analysis

chest

A recent technical analysis by crypto analyst Merlijn The Trader indicates that Ethereum is approaching a breakout phase, with potential price targets above 10,000.

user avatarTenzin Dorje

VivoPower Launches Ripple-Approved Institutional Investment Fund

chest

VivoPower International has received approval from Ripple to launch a $300 million institutional investment fund focused on Ripple's equity, targeting large investors.

user avatarDiego Alvarez

Economic Sector Reactions to Interest Rate Changes and Job Data

chest

Market entities are anticipating conflicting signals from the upcoming nonfarm payroll data, reflecting economic uncertainty and its impact on labor market forecasts.

user avatarKenji Takahashi

Gulf Oil-Linked Capital Influences Bitcoin Liquidity Dynamics

chest

In 2025, Gulf oil-linked capital, including sovereign wealth funds and family offices, significantly impacts Bitcoin liquidity through regulated channels like spot ETFs, aiming to diversify portfolios and enhance financial infrastructure.

user avatarElias Mukuru

Abu Dhabi's Role as a Regulated Hub for Bitcoin Investment

chest

Abu Dhabi has emerged as a key regulated hub for Bitcoin investment, attracting oil-linked capital and supporting institutional participation in the crypto market.

user avatarMohamed Farouk

US Nonfarm Payroll Data Release Amid Federal Reserve Rate Cuts

chest

The US is set to release nonfarm payroll data for October and November, coinciding with a Federal Reserve decision to lower interest rates to a three-year low.

user avatarBayarjavkhlan Ganbaatar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.