FEB 13, 2024
How To Crack The Encryption And Recover 7,002 Bitcoins
In 2011, 7002 Bitcoins were stored in an encrypted USB drive, and the password was forgotten. But soon, they may see the 'light' again through state-of-the-art cracking technology.
For this 1-minute and 43-second video, he got 7,002 Bitcoins as a reward.
Then, Thomas stored those 7,002 Bitcoins in an IronKey USB encrypted hard drive for safekeeping.
Sorry for the mistake! As you have correctly thought after reading the previous sentence, storing Bitcoin on a hard drive is impossible. Thomas stored the private keys in the encrypted hard drive. The private keys give ownership over the Bitcoin.
Unfortunately, Thomas forgot his Ironkey password, preventing him from accessing the private keys and regaining ownership of those 7,002 Bitcoins.
Why Did Thomas Choose an Encrypted Drive?
Thomas chose a Kingston Ironkey Encrypted Hard Drive because he knows the importance of safely storing digital information, like those private keys for the 7,002 Bitcoins.
Unfortunately, one of the Encrypted Hard Drive functionalities may prove his downfall because the Ironkey Hard Drive encrypts all the stored data permanently after 10 wrong password attempts.
Thomas has only two guesses left to unlock his encrypted USB hard drive.
Two guesses away from recovering those 7,002 BTC or losing them ‘forever.’
Not Your Keys, Not Your Coins
In short, Unciphered is a collection of reverse engineers, cryptographers, and analysts who have managed to find a way to break into a device rated for FIPS-140–2 level 3, like Thomas’ IronKey.
Unciphered wants to give Thomas a practical demonstration to convince him that their capacity to break into an Irokey encrypted drive is legitimate and, if he agrees, to help him recover his keys.
Will Uncyphered Make Waves?
Uncyphered’s statement that they can break into FIPS-140–2 level 3 protected devices is very relevant.
Government bodies, corporations, and retail users like you widely use encrypted devices conforming to the FIPS-140–2 Level 3 standard.
So Uncyphered is already making waves and making many encrypted USB drive manufacturers very nervous.
The FIPS 140–2 encryption standard defines four levels, which are:
FIPS 140–2 Level 1: Basic Security
Level 1 focuses on basic security requirements and uses algorithms that do not require secure key management. Security is primarily based on the strength of the algorithms rather than physical protection.
FIPS 140–2 Level 2: Role-Defining Security
Level 2 introduces requirements for physical security mechanisms to protect against unauthorized access. This level addresses concerns related to the physical security of the cryptographic module.
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