Researchers cracked an 11-year-old password to a $3M crypto wallet
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Re: Researchers cracked an 11-year-old password to a $3M crypto wallet
#2Re: Researchers cracked an 11-year-old password to a $3M crypto wallet
#3> Michael says he was lucky that he lost the password years ago because, otherwise, he would have sold off the bitcoin when it was worth $40,000 a coin and missed out on a greater fortune.
This is so true for stocks too
Re: Researchers cracked an 11-year-old password to a $3M crypto wallet
#4[deleted]
Re: Researchers cracked an 11-year-old password to a $3M crypto wallet
#5The original video by Joe Grand: https://youtu.be/o5IySpAkThg
Re: Researchers cracked an 11-year-old password to a $3M crypto wallet
#6So the version of password manager he was using was vulnerable because it was generating low entropy passwords.
They also found the seed was from time and knew when he had created it.
He got lucky there a little.
Re: Researchers cracked an 11-year-old password to a $3M crypto wallet
#7Time for a new investment strategy that involves buying whatever (index funds?) then losing your password to force a hold till the encryption algo has been cracked or compute power makes it easy to brute-force.
Call it the Moore’s Law Fund.
Re: Researchers cracked an 11-year-old password to a $3M crypto wallet
#8Time for a new investment strategy that involves buying whatever (index funds?) then losing your password to force a hold till the encryption algo has been cracked or compute power makes it easy to brute-force. Call it the Moore’s Law Fund.
An interesting but not entirely practical offshoot of this idea is a fund that buys (collects legally?) wallets with lots of crypto & lost passwords and tries to crack them over time.
Re: Researchers cracked an 11-year-old password to a $3M crypto wallet
#9Time for a new investment strategy that involves buying whatever (index funds?) then losing your password to force a hold till the encryption algo has been cracked or compute power makes it easy to brute-force. Call it the Moore’s Law Fund.
An interesting but not entirely practical offshoot of this idea is a fund that buys (collects legally?) wallets with lots of crypto & lost passwords and tries to crack them over time.
Or just buy random used digital storage devices in bulk and scan them for potential wallets, or other marketable data. Half the "broken" USB drives out there still have plenty of retrievable data on them. It would be like the "Storage Wars" show, but digital.
(Fyi, one very marketed video tape was discovered when the contents of a certain celeb's storage locker was put up for auction. Imagine the possibilities if one collected all the storage devices thrown away in a particular LA neighborhood. Or DC.)
Re: Researchers cracked an 11-year-old password to a $3M crypto wallet
#10> They really annoyed me, because who knows what I did 10 years ago,
He doesn’t seem to be very thankful.