Hackers finally unlock $3 million Bitcoin wallet after man forgot password for 11 years
I mean, forgetting your password is certainly a pain, but it's usually not the end of the world.
But to forget your password for a whopping $3 million Bitcoin wallet? Well, that is pretty devastating.
Thankfully, however, security researchers have cracked a password to recover the massive amounts of money after it had been stuck in crypto wallet for 11 years.
Electrical engineer Joe Grand, who goes by the handle ‘Kingpin’ online, was hired to hack into an encrypted file holding 43.6 BTC.
The high worth of cryptocurrency was protected by a password created by a random password generator called Roboform - but the password had since been lost.
The anonymous owner worried that someone would hack his computer and obtain his password - ultimately gaining access to his cryptocurrency.
"At [that] time, I was really paranoid with my security,” he said.
So, the owner asked Grand for his help, after he became known in the community in 2022 for helping another crypto owner recover access to over $2 million in cryptocurrency he thought he'd lost forever.
Grand says dozens of people have previously contacted him to ask for help with recovering lost treasure.
