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Business, Spoken

How Researchers Cracked an 11-Year-Old Password to a $3 Million Crypto Wallet

May 29, 2024
Researchers cracked an 11-year-old password to access a $3 million crypto wallet by exploiting a flaw in an outdated password manager. They reverse-engineered and identified vulnerabilities to retrieve the lost password. CyberSystems fixed the password security issue in the password manager and warned users of potential vulnerabilities in older versions.
09:20

Podcast summary created with Snipd AI

Quick takeaways

  • Flaw in Roboform tied password generation to date, aiding researchers in cracking an 11-year-old password.
  • Researchers' persistence, expertise in reverse-engineering Roboform crucial in recovering $3 million worth of Bitcoin.

Deep dives

Revealing the Flaw in Roboform Password Manager

Researchers discovered a flaw in an older version of the Roboform password manager that allowed them to crack an 11-year-old password to a $3 million crypto wallet. By reverse-engineering the software, they found that the password generation process was tied to the user's computer date and time, making passwords predictable. This flaw helped researchers narrow down the possible password guesses by knowing the date of generation, eventually leading to the successful recovery of the crypto wallet password.

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