• 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.

Other news

Huma Finance's PayFi Model Promises Instant Payments

chest

Huma Finance's PayFi model allows merchants and suppliers to receive funds almost instantly using blockchain technology, revolutionizing traditional banking processes.

user avatarGustavo Mendoza

Huma Finance Focuses on Regulatory Compliance in Global Expansion

chest

Huma Finance emphasizes regulatory compliance as it expands its PayFi services globally, merging with ARF to support licensed financial institutions.

user avatarMaria Fernandez

Huma Finance's Richard Liu Predicts Rapid Blockchain Adoption in BRICS

chest

Richard Liu, cofounder of Huma Finance, predicts faster adoption of blockchain payment systems in BRICS countries, particularly India, Brazil, and South Africa, while noting challenges in markets with strict foreign currency controls.

user avatarMiguel Rodriguez

US Government Shutdown Pauses Crypto ETF Reviews

chest

The ongoing US government shutdown has resulted in a pause in cryptocurrency ETF reviews, impacting assets such as Solana, Litecoin, and Dogecoin.

user avatarRajesh Kumar

Avalon X Launches Exciting Giveaways to Boost Community Engagement

chest

Avalon X has announced a series of giveaways and a referral program to enhance community participation.

user avatarRajesh Kumar

GITEX GLOBAL 2025 Unveils Major Healthcare and Neurotech Innovations

chest

GITEX GLOBAL 2025 showcases groundbreaking advancements in healthcare and neurotechnology, featuring AI-driven innovations and the world's first successful brain-computer implant.

user avatarArif Mukhtar

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.