43.6 BTC, which was purchased in 2013 and worth about $3 million at today’s prices, was found years later. Two hackers specializing in this field were the ones who uncovered the password.

Encrypted file was corrupted and they could not access their Bitcoins

A man, anonymously identified as Michael, set up his wallet in 2013 and used the RoboForm platform to create a password. Michael did not want to store his password on RoboForm due to security concerns, so he kept it in an encrypted file. After some time, the encrypted file was corrupted and the owner was unable to access the 20-character password and thus the 43.6 BTC in the wallet.

According to a YouTube video, Michael contacted a hacker named Joe Grand for help in 2022. Grand was notorious for recovering lost Bitcoins previously stored in a Trezor wallet.

They tried countless times until they found the right password

Grand started working with a friend, Bruno, to crack RoboForm’s software. They discovered a vulnerability in the software’s password generator. The password was allegedly set to a specific date and time on the computer where it was generated. Although the company closed the vulnerability in 2015, passwords created earlier could still be accessed in this way. While Michael could not remember when he created the password, the hackers determined that the Bitcoins were transferred to the wallet on April 13, 2013. They then tried many passwords one by one until they found the right one.

Bitcoin will hold until it reaches $100,000

Some of Michael’s Bitcoins were bought by Grand and Bruno, who managed to open the wallet. Michael, who also sold some for himself, still has $2 million worth of Bitcoins. Speaking to Wired, the Bitcoin investor said he will hold his Bitcoins until the price reaches $100,000. Michael also said that he was happy to have lost access to the wallet because his Bitcoins gained a lot of value.