Hackers Try To Hack The 7th Biggest BTC Wallet In The World

Hackers try to hack the 7^th biggest bitcoin wallet in the world with $750 million inside, by trying to decrypt it as we are reading more in the latest Bitcoin news.

The bitcoin wallet contains about 69,000 BTC and is now becoming extremely popular in the hacker circles as the hackers try to decrypt it and get the piece of the pie. Seasoned hackers want to break it open and to take all the money or at least a piece of the cake. For the past two years, there was no hacking group that was successful to break it open.

According to the cybersecurity expert Alon Gal or “UnderTheBreach” on Twitter, hackers was trying to break open the Bitcoin wallet with $750 million worth of coins inside. However, Gal reported that no one posted success regarding the hack. The BTC wallet has the 7^th biggest stash in the world. some folks even tried to break it themselves but most of them admitted failure and advertised the wallet on multiple online hacking forums for somebody to do the job and to split the prize. Alon commented:

“Stealing Bitcoin wallets from victims worldwide is a common goal among cybercriminals. Wallets tend to be protected by strong passwords and in the event that a cybercriminal manages to obtain a wallet and cannot crack the password he might sell it to opportunistic hash crackers who are individuals with a large amount of GPU power”

Get this – there is a Bitcoin wallet with 69,000 Bitcoins ($693,207,618) that is being passed around between hackers/crackers for the past 2 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. pic.twitter.com/GcIqH7kN98

— Alon Gal (Under the Breach) (@UnderTheBreach) September 8, 2020

The Bitcoin wallet is tough to crack but the question is, Does it contain the BTC at all? This is quite possible to be a “doctored” file with a public key available but the private one is missing. The founder of Wallet Recovery Services Dave Bitcoin said:

“It’s possible to doctor a Bitcoin wallet.dat file to make it seem like it contains a high balance. The wallet file contains pairs of public key & encrypted private key of the addresses it controls. So one could modify the file in a binary editor and change the public key of one of the address pairs to that of a high value BTC address.”

The wallet is likely protected by a uniquie and long password that is difficult to crack. The file could also be encrypted with a combination of AES-256-CBC and SHA-512 algorithms.