Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times UK
International Business Times UK
Business
Vinay Patel

Man Forgets The Password To His $3 Million Bitcoin Wallet: 11 Years Later, A Hacker Finally Unlocks It - Here's How

Bitcoin fortune lost for 11 years recovered by hacker exploiting software flaw. Lucky owner sees $3k investment soar to millions. (Photo by Alesia Kozik/Pexels)

Forgetting a password is a pain, but it was a near catastrophe in this case when a man forgot the password for his Bitcoin wallet worth $3 Million! But after 11 years, security experts finally cracked the password, recovering his fortune and giving him immense relief.

Per a report, security researchers have managed to recover a hefty sum of money by cracking a password to an inaccessible crypto wallet for 11 years. Electrical engineer Joe Grand, known online as "Kingpin", was brought in to crack the encryption on a file containing 43.6 BTC.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.