news 69000 BTC is up for grabs for anyone that can hack a wallet!

[BrolySSJ 7899]

A bitcoin wallet that holds more than $175 million in bitcoin, is being passed around among hackers in an effort to see if any of them can crack and access the funds. The chief technology officer at the Hudson Rock corporate network security, named Alon Gal, is currently in possession of the wallet. However, being in possession of the wallet is not all that it is cracked up to be, as he is unable to access the wallet yet. 

 

The key to having access to the wallet and its funds, is to be able to crack the password from the wallet.dat file. However this is highly encrypted and according to Gal, it may even require a quantum computer, and in his opinion it does not seem like it will be hacked soon. 

 

For the full article check out the following link:

https://dailyhodl.com/2020/09/10/715000000-bitcoin-btc-wallet-up-for-grabs-among-crypto-sleuths/

[BitcryptoHan 2557]

I read about this on crypto news two days ago. For now,  no one can brute force the password for now. But, suggesting that advanced quantum computing could be able to guess the password right. Let see how it goes but I think it is not possible for now to know the password. 

But, let us wait and see what hackers will come out with. 

[Mike1515 2977]

Wow so this wallet does not halle anyone or what, because , thats a lot of money and it requires only the owner to understand where his or her wallet is , so its important we are  able to realize how strong bitcoin is to lose money is not easy

[DiamondBit 720]

2 hours ago, BitcryptoHan said:

I read about this on crypto news two days ago. For now,  no one can brute force the password for now. But, suggesting that advanced quantum computing could be able to guess the password right. Let see how it goes but I think it is not possible for now to know the password. 

But, let us wait and see what hackers will come out with. 

I too is suggesting the only way for now that person is able to recover back the wallet  is to just remember that private key. If not, no hacker will be able to know the private key. If the wallet support BIP39 seed phrase, it will be good because it can still be easy to know. But not hacker will be able to know the seed phrase if up to six out of twelve words is not known. 

[Moaz 7239]

It is really strange, how can a large sum of 175 million dollars of bitcoin be in a wallet owned by a senior technology official and he does not know what the password is to access the wallet! I think that hackers will use all possible means in order to access this wallet and steal money, but they may not succeed. We will wait and see

[magd 5231]

This report was circulated by many people on blogs and it is without any assurances, and in fact I do not believe this news from them just because they heard it because this large amount is mostly secured in one of the safe cold wallets

[Calvinpriva 17296]

3 hours ago, Moaz said:

It is really strange, how can a large sum of 175 million dollars of bitcoin be in a wallet owned by a senior technology official and he does not know what the password is to access the wallet! I think that hackers will use all possible means in order to access this wallet and steal money, but they may not succeed. We will wait and see

Yap, really strange! Wallet owned by a senior technology officer and he knows nothing about the wallet password, really?! There must be a secret about that wallet, maybe that officer knows whats going on about this. 

[nykas 2812]

This is very interesting information. I think we need to wait some time to know how this story will end. I think smart hackers can get access to any wallet sooner or later, it`s just need some time and how long does it take, nobody knows) Such big amount in Bitcoins is a very good incentive for everyone 

[Swapzone 174]

Yeah, this is true! However, it's their carelessness to lose the password, 69000 $BTC is a lot of money. Let's see what happens!

[guatazoo 7150]

7 hours ago, BrolySSJ said:

A bitcoin wallet that holds more than $175 million in bitcoin, is being passed around among hackers in an effort to see if any of them can crack and access the funds. The chief technology officer at the Hudson Rock corporate network security, named Alon Gal, is currently in possession of the wallet. However, being in possession of the wallet is not all that it is cracked up to be, as he is unable to access the wallet yet. 

 

The key to having access to the wallet and its funds, is to be able to crack the password from the wallet.dat file. However this is highly encrypted and according to Gal, it may even require a quantum computer, and in his opinion it does not seem like it will be hacked soon. 

 

For the full article check out the following link:

https://dailyhodl.com/2020/09/10/715000000-bitcoin-btc-wallet-up-for-grabs-among-crypto-sleuths/

Thats is really huge amount of money I think the one who will succeed to hack the wallet, him or she must be very rich although it is very difficult to hack money which is holding in the wallet.  

[Guru2050 8284]

Well this story has attracted my interest and utmost attention to follow up to know the outcome whether the wallet will breakdown to access the huge funds or not. I hope soon technology shall grow to develop a sophisticated and unbreakable Crypto wallet.

[rekter 8129]

31 minutes ago, ndadukun12 said:

I thought it was impossible to hack a wallet. So basically what you are saying now is that anyone that can hack this wallet is possession of the wallet. Well this seems like an interesting news and would motivate a lot of people to learning how to make use of crypto currencies and eventually how to crack it.

They aren't hacking private key, that would be impossible. They are trying to hack just a wallet password. But who knows how difficult that password is, it could be near impossible to crack as well.

[Izeal 4404]

Hacking a wallet is very difficult and I think this will possible only by the quantam computer. Even if we hack the wallet we can't use their fund. So, it's like impossible even the reward is very high.

[MuhammadSh 3067]

A quantum computer will end this story in my opinion! most of people don't even know what a quantum computer can do! it isn't easy as it sounds but i am wondering about something, if a quantum computer isn't able to hack the wallet so noone can hack it in the near future in my opinion..  By the way, i hope that i can see an official source for this news because there are many rumors these days.

[BitcryptoHan 2557]

17 hours ago, Moaz said:

It is really strange, how can a large sum of 175 million dollars of bitcoin be in a wallet owned by a senior technology official and he does not know what the password is to access the wallet! I think that hackers will use all possible means in order to access this wallet and steal money, but they may not succeed. We will wait and see

I think it is not also possible, they were just trying to know if hackers can break through the bitcoin private key. But, also, possibly it can be true, maybe the person did not believe in bitcoin price may rise and forgot about the wallet some years ago. 

Edited September 11, 2020 by BitcryptoHan

[Raqeebzy 6456]

5 hours ago, BitcryptoHan said:

I think it is not also possible, they were just trying to know if hackers can break through the bitcoin private key. But, also, possibly it can be true, maybe the person did not believe in bitcoin price may rise and forgot about the wallet some years ago. 

Seems like a different story to how you perceived it. I am sure you are aware breaking through private keys of a wallet is almost impossible; I don't think they are trying to do that, that will be a waste of time. Breaking through the password looks more possible and I think that is what is being portrayed in the story. Probably the next stumbling block will be after breaking the password and the private keys is needed. 

23 hours ago, DiamondBit said:

I too is suggesting the only way for now that person is able to recover back the wallet  is to just remember that private key. If not, no hacker will be able to know the private key. If the wallet support BIP39 seed phrase, it will be good because it can still be easy to know. But not hacker will be able to know the seed phrase if up to six out of twelve words is not known. 

With 6 words known, it still remains how they will be listed; that's important too. For 12 words phrase and 6 words known accordingly (let's assume), there is still 720 ways the other words can be and if none of those 12 words are known, that's over 400 Millon possible ways (not feasible). It more like trying to break the password in opinion.

[Maaz sultan 265]

In my opinion using an quantum computer is not necessary for creaking the wallet password but hackers knows many tricks , So we need to take actions that a hacker one step forwards but breaking password of any wallet is very very difficult .

[Ridam 7455]

The news is quite interesting, if anyone is in teh field of white hat hacking then they should try to attacks. And such competition is really a great way to improve the security of Crypto and Bitcoin. As if anyone able to do crack the wallet, the prevention could be applied to the network in future.

Talking about Google Quantum Computer, they are at 54 qubits and for attack on Bitcoin network it needs about 1500 qubits as stated in the article. So it seems huge deal to crack and grab the Bitcoins.

[Whited35 15285]

News suggests wallet is being passed to the hackers for the past 2 years it means file is highly encrypted and I do not think normal computer could be able to crack such highly encrypted cryptographic codes and the system. In future, if there is a highly powerful quantum computer then only we can expect to crack down that cryptographic system. 

[Omar Ommeish 4872]

I do not think that there is an impossible thing for hackers because they can hack any site in different ways and I think that with time they will find a way to hack that wallet.

[Irungu 4299]

Its really important we check on this, the problem is hacking, if you can hack a bitcoin address then am sure you are a super man , its very hard to hack a bitcoin address, but another problem is that you are not able to get this mouth watering kind of an offer, if it were possible , then I promise it could have happened.

[BitcryptoHan 2557]

On 9/14/2020 at 7:57 AM, Omar Ommeish said:

I do not think that there is an impossible thing for hackers because they can hack any site in different ways and I think that with time they will find a way to hack that wallet.

There are many impossible for hackers, for them to be able to hack unknown seed phrase or private key will take them millions of years for now with the current computers used in today's time. But if advanced computer last are built, possibly what can not be done inna million years can be done within minutes. But if such happens, there are still many things that is beyond hackers. Far too many. 

[kryptonick 2659]

But if they manage to hack the wallet won't this be a problem for the security of all the network. Cracking one wallet means that nothing will be safe, the cryptography will have to change and until developers decide it will take years and the network will be vulnerable.

[Tunuu 2235]

Hehehe. This sounds funny to me! All those hackers and even the wallet owner failed to open that wallet! This can be a fake news because those mentioned bitcoins are a lot and hacker would not leave them.

[bogdanoff 3173]

Which hacker or programmer would not try this even if they know their chances are very low close to impossible. I would make an effort too without having proper knowledge and of course I will fail but the reward is huge and trying if you are a top hacker is a real target.