The lost password for a million-dollar Bitcoin wallet was found after 10 years.

The lost password for a wallet containing 3 million dollars’ worth of Bitcoin was found after years of effort. The owner plans to sell some of the Bitcoin but will hold onto the majority until the price reaches 100,000 dollars.
The lost password for a million-dollar Bitcoin wallet was found after 10 years

The lost password for a wallet containing 43.6 BTC, purchased in 2013 and worth approximately 3 million dollars at today’s prices, was found after years. Two hackers specializing in this area uncovered the password.

Unable to Access Bitcoin Due to Corrupted Encrypted File

A man known as Michael, who kept his identity hidden, created his wallet in 2013 using the RoboForm platform to generate the password. Concerned about security, Michael chose not to store the password on RoboForm but in an encrypted file. When this file became corrupted, he lost access to the 20-character password and thus to the 43.6 BTC in the wallet.

According to a video posted on YouTube, Michael reached out to a hacker named Joe Grand in 2022 for help. Grand was renowned for recovering lost Bitcoins from Trezor wallets.

Countless Attempts to Find the Correct Password

Grand began working with a friend named Bruno to crack the RoboForm software. They discovered a security flaw in the password generator. Allegedly, the password was set according to a specific date and time on the computer where it was generated. Although the company fixed this vulnerability in 2015, passwords created earlier could still be accessed this way. While Michael couldn’t remember when he generated the password, the hackers found out that the Bitcoins were transferred to the wallet on April 13, 2013. They then tried numerous passwords until they found the correct one.

Holding Bitcoin Until It Reaches $100,000

Grand and Bruno received a portion of Michael’s Bitcoins as compensation for opening the wallet. After selling some, Michael still holds Bitcoins worth 2 million dollars. In an interview with Wired, he stated he plans to keep his Bitcoins until the price reaches 100,000 dollars. Michael also expressed satisfaction with having lost access to his wallet initially, as it led to a significant increase in the value of his Bitcoins.

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