• 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

a year 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

Jack Dorsey Expands Bitcoin Payment Options for Square Merchants

chest

Jack Dorsey announced a significant integration of Bitcoin payment options for over 4 million Square merchants, allowing transactions in both BTC and fiat currency.

user avatarLi Weicheng

Shiba Inu Burn Rate Increases, Signaling Renewed Interest

chest

Shiba Inu's burn activity has surged, indicating a potential price upside and increased community engagement.

user avatarAisha Farooq

Concerns Raised Over Bitcoin Price Trajectory

chest

Concerns raised by Mike McGlone about Bitcoin's price trajectory, suggesting a potential reversion to around 50,000 due to its correlation with the SP 500.

user avatarBayarjavkhlan Ganbaatar

MicroStrategy Target Set at 630 Amidst Bitcoin Optimism

chest

BTIG maintains a buy rating on MicroStrategy with a price target set at 630, amidst optimism surrounding Bitcoin.

user avatarTenzin Dorje

Corporation Implements Operational Changes for Sustainability

chest

The corporation plans to revise its operational processes to reduce carbon emissions and energy use as part of its new sustainability strategy.

user avatarMohamed Farouk

Global Corporation Shifts to Sustainable Practices

chest

A major international corporation announces a strategic shift towards sustainability, focusing on advanced analytics to reduce waste and improve resource use.

user avatarElias Mukuru

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.