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

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Researchers Regain Access to 11-Year-Old Crypto Wallet, Recover BTC Worth $3M
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Two cybersecurity researchers have helped an anonymous crypto user recover 43.6 bitcoins he lost 11 years ago after he lost access to the wallet holding the assets.detailing the incident, researcher Joe Grand and his friend Bruno hacked time to reverse engineer the password generator used to create the password for the wallet holding the BTC. Although the process was rigorous, it helped them regain access to the wallet and recover the lost coins.

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 then.Michael was tasked with remembering the date he created the password, and while the feat seemed difficult, the researchers learned that he moved the bitcoins into his wallet on April 13, 2013.

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