Close Menu
Best in TechnologyBest in Technology
  • News
  • Phones
  • Laptops
  • Gadgets
  • Gaming
  • AI
  • Tips
  • More
    • Web Stories
    • Global
    • Press Release

Subscribe to Updates

Get the latest tech news and updates directly to your inbox.

What's On

Watch SpaceX’s Starship on its way for 9th test flight

11 May 2025

Suits LA canceled after a single season at NBC

11 May 2025

Overwatch developers have formed their own union to fight for a better industry

11 May 2025
Facebook X (Twitter) Instagram
Just In
  • Watch SpaceX’s Starship on its way for 9th test flight
  • Suits LA canceled after a single season at NBC
  • Overwatch developers have formed their own union to fight for a better industry
  • 3 underrated movies on Hulu you need to watch in May 2025
  • No, Kosmos-482 didn’t land on anyone’s head
  • It might be a while longer before you can easily cancel subscriptions
  • Microsoft’s 12-inch Surface Pro has finally given me hope for Windows on tablets
  • EVE Fanfest 2025 proved that EVE Online’s influence is undeniable
Facebook X (Twitter) Instagram Pinterest Vimeo
Best in TechnologyBest in Technology
  • News
  • Phones
  • Laptops
  • Gadgets
  • Gaming
  • AI
  • Tips
  • More
    • Web Stories
    • Global
    • Press Release
Subscribe
Best in TechnologyBest in Technology
Home » How Researchers Cracked an 11-Year-Old Password to a $3 Million Crypto Wallet
News

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

News RoomBy News Room28 May 20243 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
Share
Facebook Twitter LinkedIn Pinterest Email

“We ultimately got lucky that our parameters and time range was right. If either of those were wrong, we would have … continued to take guesses/shots in the dark,” Grand says in an email to WIRED. “It would have taken significantly longer to precompute all the possible passwords.”

Grand and Bruno created a video to explain the technical details more thoroughly.

RoboForm, made by US-based Siber Systems, was one of the first password managers on the market, and currently has more than 6 million users worldwide, according to a company report. In 2015, Siber seemed to fix the RoboForm password manager. In a cursory glance, Grand and Bruno couldn’t find any sign that the pseudo-random number generator in the 2015 version used the computer’s time, which makes them think they removed it to fix the flaw, though Grand says they would need to examine it more thoroughly to be certain.

Siber Systems confirmed to WIRED that it did fix the issue with version 7.9.14 of RoboForm, released June 10, 2015, but a spokesperson wouldn’t answer questions about how it did so. In a changelog on the company’s website, it mentions only that Siber programmers made changes to “increase randomness of generated passwords,” but it doesn’t say how they did this. Siber spokesman Simon Davis says that “RoboForm 7 was discontinued in 2017.”

Grand says that, without knowing how Siber fixed the issue, attackers may still be able to regenerate passwords generated by versions of RoboForm released before the fix in 2015. He’s also not sure if current versions contain the problem.

“I’m still not sure I would trust it without knowing how they actually improved the password generation in more recent versions,” he says. “I’m not sure if RoboForm knew how bad this particular weakness was.”

Customers may also still be using passwords that were generated with the early versions of the program before the fix. It doesn’t appear that Siber ever notified customers when it released the fixed version 7.9.14 in 2015 that they should generate new passwords for critical accounts or data. The company didn’t respond to a question about this.

If Siber didn’t inform customers, this would mean that anyone like Michael who used RoboForm to generate passwords prior to 2015—and are still using those passwords—may have vulnerable passwords that hackers can regenerate.

“We know that most people don’t change passwords unless they’re prompted to do so,” Grand says. “Out of 935 passwords in my password manager (not RoboForm), 220 of them are from 2015 and earlier, and most of them are [for] sites I still use.”

Depending on what the company did to fix the issue in 2015, newer passwords may also be vulnerable.

Last November, Grand and Bruno deducted a percentage of bitcoins from Michael’s account for the work they did, then gave him the password to access the rest. The bitcoin was worth $38,000 per coin at the time. Michael waited until it rose to $62,000 per coin and sold some of it. He now has 30 BTC, now worth $3 million, and is waiting for the value to rise to $100,000 per coin.

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.

“That I lost the password was financially a good thing.”

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleHonor Magic 6 Pro Accidently Listed by Amazon India; Shows Gift Bundle Details
Next Article PS Plus’ supersized June lineup includes Tomb Raider, PSVR2 games, and more

Related Articles

News

Watch SpaceX’s Starship on its way for 9th test flight

11 May 2025
News

Suits LA canceled after a single season at NBC

11 May 2025
News

Overwatch developers have formed their own union to fight for a better industry

11 May 2025
News

3 underrated movies on Hulu you need to watch in May 2025

11 May 2025
News

No, Kosmos-482 didn’t land on anyone’s head

11 May 2025
News

It might be a while longer before you can easily cancel subscriptions

11 May 2025
Demo
Top Articles

Costco partners with Electric Era to bring back EV charging in the U.S.

28 October 202493 Views

ChatGPT o1 vs. o1-mini vs. 4o: Which should you use?

15 December 202482 Views

5 laptops to buy instead of the M4 MacBook Pro

17 November 202457 Views

Subscribe to Updates

Get the latest tech news and updates directly to your inbox.

Latest News
News

It might be a while longer before you can easily cancel subscriptions

News Room11 May 2025
News

Microsoft’s 12-inch Surface Pro has finally given me hope for Windows on tablets

News Room11 May 2025
News

EVE Fanfest 2025 proved that EVE Online’s influence is undeniable

News Room11 May 2025
Most Popular

The Spectacular Burnout of a Solar Panel Salesman

13 January 2025118 Views

Costco partners with Electric Era to bring back EV charging in the U.S.

28 October 202493 Views

ChatGPT o1 vs. o1-mini vs. 4o: Which should you use?

15 December 202482 Views
Our Picks

3 underrated movies on Hulu you need to watch in May 2025

11 May 2025

No, Kosmos-482 didn’t land on anyone’s head

11 May 2025

It might be a while longer before you can easily cancel subscriptions

11 May 2025

Subscribe to Updates

Get the latest tech news and updates directly to your inbox.

Facebook X (Twitter) Instagram Pinterest
  • Privacy Policy
  • Terms of use
  • Advertise
  • Contact Us
© 2025 Best in Technology. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.