Skip to main content

The $700 Million Wallet Crack: Bitcoin's 7th Largest Address Is Under Constant Attack

 


During the last two years, hackers have been trying to crack the seventh-largest bitcoin wallet, an address that holds 69,370 BTC or $712 million using today’s exchange rate. According to the CTO of the cybercrime intelligence firm, Hudson Rock, the wallet is being publicized on hacking forums in order to crack the password.

Wallets with a massive amount of bitcoin (BTC) are listed on bitinfocharts.com in a list called the “Bitcoin Rich List.” During the last ten years, crypto proponents have scrutinized this list in order to figure out the owners or record significant transfers.

According to a report published by Vice, the seventh richest BTC address is a target for hackers, as an ostensible wallet.dat file has been passed around hacker forums for 12 to even 24 months. On Twitter, Alon Gal, the Chief Technology Officer of cybercrime firm Hudson Rock explained the situation.

“Get this,” Gal tweeted. “There is a bitcoin wallet with 69,000 bitcoins that is being passed around between hackers/crackers for the past [two] years for the purpose of cracking the password, no success so far. I have the wallet, Google hook me up with a quantum computer please,” the cybercrime intelligence expert added.

The $700 Million Wallet Crack: Bitcoin's 7th Largest Address Is Under Constant Attack
The “Bitcoin Rich List” according to bitinfocharts.com data on September 11, 2020.

Following Gal’s tweet, he was inundated with a number of direct messages on Twitter asking about the wallet. Gal further wrote:

Unless there is a really good reason for me to give you the wallet, you’re not going to get it sorry 40+ [direct messages].

News.Bitcoin.com also discovered that the wallet.dat file has been selling on a number of websites like Bitcointalk.org. The 69,000 BTC wallet file has been seen on Satoshidisk.com, and All Private Keys as well. The website All Private Keys operates a market so individuals and groups can buy certain files in order to crack a number of public bitcoin addresses.

The $700 Million Wallet Crack: Bitcoin's 7th Largest Address Is Under Constant Attack
A screenshot of the wallet.dat file being sold on the web via a variety of websites like Satoshidisk. This advertisement is selling the 69,304 BTC wallet.dat file for $1,050 in bitcoin. News.Bitcoin.com does not recommend obtaining these files as they could be malicious, they likely are phony, and the wallet with $712 million worth of BTC is someone else’s funds.

The file being sold on Satoshidisk.com is selling for 0.08929505 BTC or $1,050 using today’s exchange rate. On Friday, 321 people viewed the Satoshidisk.com listing that allegedly contains the wallet.dat file.

Despite the various attempts to crack the wallet with $712 million worth of BTC, no one has been able to crack it yet. Moreover, Gal explained on Twitter that there is possibly a scheme that allows someone to “forge a wallet,” which means the address might really be empty.

“Someone alerted me that there might be a method to forge wallets, although I don’t know if it is true or if it was applied to this specific wallet,” Gal tweeted. “There is a thriving market for selling uncracked wallets where I know some crackers had undeniable success,” the Hudson Rock CTO wrote.

Of course, many individuals were skeptical of any of the so-called wallet.dat file sales, and the website All Private Keys. Some people assume that all of the sites are basically selling phony keys and wallet.dat files to score BTC.

“How does one know [the marketplace All Private Keys] is not just a scam to get people to send them BTC and in return give them locked empty wallets?” one person asked in Gal’s Twitter thread.

News.Bitcoin.com does not recommend downloading or purchasing wallet.dat files or alleged private keys, as it is highly likely that most of these advertisements are scams. If it’s too good to be true, it probably is.

Source: news.bitcoin.com

What do you think about hackers trying to crack this wallet with 690,000 BTC? 

Let us know what you think of this subject in the comments below.




Comments

Post a Comment

Contact us

Name

Email *

Message *

Popular posts from this blog

Cryptocurrencies Adding to the Safety and Security in the UK Gambling Industry

These are exciting times for the UK gambling industry. The impact of internet technology is now being felt with online gambling now controlling the industry.  The adoption of cutting-edge technology is reasonable for the boom in the industry. From live casinos, mobile apps to artificial intelligence, incredible trends continue shaping the gambling industry. However, it is the rise of cryptocurrency casinos that seeks to redefine UK gambling.  Many operators now include crypto coins such as bitcoin, Ethereum and Litecoin as part of their banking methods. Others offer exclusive bitcoin payments and promotions based on digital tokens. This revolutionary trend has a huge impact due to enhanced safety and security on these platforms. Players looking for peace of mind when playing online now opt to use cryptocurrencies. This post looks at how cryptos guarantee the safety and security of players at online casinos. How Cryptocurrency Gambling Works There’s a lot of talk ab...
Post a Comment
Read more

Coinbase to Require Recipient Information for Crypto Transfers From Users in Canada, Singapore and Japan

  Customers in those countries who send crypto outside their Coinbase accounts must provide recipients’ names, addresses and in some cases, additional information, as of early April. Cryptocurrency exchange Coinbase Global (COIN) will soon require its customers in Canada, Japan and Singapore who send cryptocurrency to another financial institution or exchange to provide the name, address and in the case of Japan, the destination wallet of the recipient. Coinbase has been sending notices to its customers in those countries that the changes will take effect in early April in order to comply with local travel rules in those places. Coinbase didn't immediately respond to requests for additional comment on the moves, but confirmed that they were taking place. The move  does not seem to be going over well  with Coinbase customers in those countries, who value the anonymity of transactions using cryptocurrency. According to a  FAQ provided by Coinbase , for Canadian users, ...
Post a Comment
Read more

Farm GRASS earn MONEY

  Use your Unused Internet Bandwidth to make $$$ In today’s interconnected world, the concept of passive income has taken on new dimensions, offering innovative ways for individuals to monetize underutilized assets.  One such groundbreaking avenue involves earning money by selling your unused internet connection.  By participating in decentralized networks like Grass, individuals have the opportunity to turn their dormant bandwidth into a valuable asset, contributing to a fairer and more equitable digital landscape while generating income. Grass is a decentralized network sharing application designed to offer an alternative to existing centralized networks.  It allows users to sell their unused bandwidth directly, without the need for exploitative middlemen.  The platform operates by enabling users to download a web extension that runs in the background, assisting others in accessing public web data in exchange for payment using the protocol’s native token. How ...
Post a Comment
Read more