Cost of a forgotten password: 250 crores

It's hard to forget the variety of passwords that are created, but what if you forget the password to a $300,000 (roughly Rs. 250 crores) worth of Bitcoin collection? This person, whose name has not been disclosed, suffered because he had forgotten his password for not one, two, but 11 years and could not get his hands on this huge amount.11 വർഷങ്ങൾക്ക് ശേഷം ഹാക്കർമാരുടെ സഹായത്തോടെയാണ് മുപ്പതു ലക്ഷം ഡോളർ മൂല്യമുള്ള ബിറ്റ് കോയിൻ വാലെറ്റ് തിരിച്ചു പിടിച്ചത്. ഓൺലൈനിൽ കിങ്പിൻ എന്നറിയപ്പെടുന്ന ജോ ഗ്രാൻഡാണ് ഇതിനു പിന്നിൽ.

He had lost his bitcoin collection for the past 11 years because he had forgotten his password. The cryptocurrency pool was provided with a password provided by a password generator called RoboForm. Things got out of hand when the unusual and different password was secure but forgotten. He was also worried that someone might hack his computer and find out his password and get hold of these cryptocurrencies.

In 2022, Joe Grand similarly helped someone who had forgotten his cryptocurrency password. Grant recovered $2 million worth of cryptocurrency at the time. After this, many people approached to recover the cryptocurrency collection in a similar way, but Joe Grand refused for various reasons. But Grand accepted the bitcoin owner's demand of $3 million.

Grand also explains how the seemingly impossible password recovery was accomplished. Hacker Grand also used a tool used by the US National Security Agency to recover the codes of password generators. RoboForm's passwords were supposed to be generated randomly.എന്നാൽ അതിനൊരു ക്രമമുണ്ടെന്ന് കണ്ടെത്തുകയാണ് ഹാക്കർ ചെയ്തത്. അവർ ഉപയോഗിച്ചിരുന്ന സോഫ്റ്റ്‌വെയറിന്റെ പഴയ വെർഷനുകളിൽ സമയം നിയന്ത്രിക്കാനായാൽ പാസ്‌വേഡുകളേയും നിയന്ത്രിക്കാനാവുമെന്നാണ് ഗ്രാൻഡ് പറയുന്നത്.

Grand also explains how the seemingly impossible password recovery was accomplished. Hacker Grand also used a tool used by the US National Security Agency to recover the codes of password generators. RoboForm's passwords were supposed to be generated randomly. ennaal athinoru cramamundennu kandethukayaanu haakkar cheythu. avar upayogichirunna softwarinte pazhaya vershanukalil samayam niyanthrikkanaayaal paaswordukaleyum niyanthrikkanaavumennaanu graand parayunnathu. But the hacker discovered that there is a pattern to it. Grand says that if the old versions of the software they used could control time, they could also control passwords.

Grand was able to find passwords that were likely to be generated at that time by understanding when the password was generated from RoboForm. Then using this password he was able to open his Bitcoin wallet and recover Rs 250 crores. However, Grand reminds us that it was made possible by luck.

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Jeroj

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June 6, 2024

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