It is very difficult to forget the variety of passwords made, but what if you forget the password of the Bitcoin collection worth $3 million (about Rs 250 crore)? The man, who has not been named, was unable to retrieve the money because he had forgotten his password for 11 years. After 11 years, a bitcoin wallet worth $3 million was recovered with the help of hackers. Joe Grand, known online as the Kingpin, is behind it.
He had lost his bitcoin collection for the past 11 years because he forgot his password. The crypto-currency collection was given a password by a password generator called RoboForm. The unusual and different password was safe, but things got out of hand when I forgot it. He was also worried that someone would hack into his computer and find the password and get hold of these cryptocurrencies.
In 2022, Joe Grand helped a man who had forgotten the password to a cryptocurrency in a similar way. The grant recovered $20 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 request for $30 million.
Grand explains his hacking mission in a YouTube video. After the Bitcoin wallet owner copied the password and used it, the file was encrypted so that it could not be recovered. The value of the bitcoin was only a few thousand dollars when the password was forgotten. The value of bitcoin has increased more than 20,000 times since 2013.
Grand also explains how the password recovery that was thought to be impossible was carried out. The hacker, Grand, used a tool used by the US National Security Agency to retrieve the codes of password generators. It was thought that the passwords of RoboFoam would be made without any order. But the hacker found out that there was a rule. Grand says that if they can control the time in the old versions of the software they used, they can also control the passwords.
Grand found out at what time the password was generated from RoboForm and found out the possible passwords that could be created at that time. Using this password, he was able to open a Bitcoin wallet and withdraw Rs 250 crore. However, it is possible due to good luck.
