Researchers Regain Access to 11-Year-Old Crypto Wallet, Recover BTC Worth $3M

Regaining Access to 11-year-old Wallet

The anonymous crypto user, dubbed Michael, told Grand and Bruno that he set up the wallet sometime in 2013 and used RoboForm to generate its unique password. However, for security reasons, he decided to store the password in an encrypted file instead of on RoboForm.

“At [that] time, I was really paranoid with my security,” Michael stated, disclosing that the stash was worth around $5,300 at the time. Unfortunately, the encrypted file containing Michael’s password got corrupted at some point, and he lost access to the wallet.

Michael first contacted Grand in 2022, but he turned him down. The bitcoin owner persisted and tried again in June 2023. This time, he got Grand’s attention, and they began the process of retrieving the assets.

Grand and Bruno discovered that RoboForm had a vulnerability in its random number generator, which connected each generated password to a date and time it was created on a user’s computer. Although the bug was fixed in 2015, the duo reasoned that it must have affected every password created before Regaining Access to 11-year-old Wallet

The anonymous crypto user, dubbed

Michael, told Grand and Bruno that he set up the wallet sometime in 2013 and used RoboForm to generate its unique password. However, for security reasons, he decided to store the password in an encrypted file instead of on RoboForm.

“At [that] time, I was really paranoid with my security,” Michael stated, disclosing that the stash was worth around $5,300 at the time. Unfortunately, the encrypted file containing Michael’s password got corrupted at some point, and he lost access to the wallet.

Finally they cracked and recovered the crypto!

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