News

Unciphered Offers To Hack Former Ripple CTO Wallet To Recover 7,002 BTC

Key Points:

  • Stefan Thomas, former CTO of Ripple, has a hard drive containing 7,002 BTC worth approximately $244 million.
  • Thomas forgot the necessary information to access the drive and has only two attempts left to guess the password.
  • Unciphered, a cryptocurrency recovery company, claims they can surpass the drive’s 10-try limit and retrieve the Bitcoin.
Crypto recovery company, Unciphered, claims they can surpass the 10-try limit to unlock former Ripple CTO wallet, which is holding 7,002 BTC ($244 million).

Stefan Thomas, the former CTO of Ripple, possessed an IronKey hard drive that held 7,002 BTC (currently valued at approximately $244 million). Unfortunately, Thomas forgot the necessary information to access the drive and was left with only two attempts to guess the password.

Offering To Hack Former Ripple CTO Wallet

According to an open letter, Unciphered, a crypto recovery firm, has proposed unlocking a specific IronKey hard drive owned by Stefan Thomas, the former CTO of Ripple. This hard drive contains 7,002 BTC, equivalent to approximately $244 million.

Next, we pored over everything we knew about your device, utilizing expertise from some of the top hardware hackers, crypto mathematicians, and exploit developers in the industry, looking for any sign of weakness. Spoiler alert: we found one. 

We got in. 

After we had performed this feat the first time, we trained and practiced. We rehearsed. We needed to ensure every aspect of the hack was repeatable. And since then, we have repeated this process thousands of times.

Unciphered wrote

Additionally, Unciphered claims to have developed a technique to bypass the security measures of the IronKey hard drive and retrieve the Bitcoin keys that have been securely stored for a long time.

According to Unciphered, a crypto recovery firm, they have successfully unlocked IronKey hard drives multiple times and are confident in their ability to do so again. They are willing to provide demonstrations on multiple samples to instill confidence in their capabilities before proceeding.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Thana

I am a news editor at Coincu, where I produce daily editorial packages and manage the knowledge and review article sections. Before journalism, I earned a Bachelor's degree in Global Logistics and Supply Chain Management from Northampton University and studied news journalism at Press Association Training.

Recent Posts

Gate.io Launches USDE Financial Products with Annualized Returns of Up to 54%, Ushering in a High-Return Era for Stablecoin Investments

Nov 18th, Panama - Gate.io, a global leader in digital asset trading, has officially unveiled…

18 minutes ago

Bitdeer Convertible Notes Worth $360 Million Offered for Expansion Efforts

The Bitdeer convertible notes offer a 42.5% conversion premium, allowing conversion into cash with the…

47 minutes ago

Sui Foundation Enters into Strategic Partnership with Franklin Templeton Digital Assets

Grand Cayman, Cayman Islands, 22nd November 2024, Chainwire

1 hour ago

Best Cryptos to Invest in December 2024: Qubetics Surges Past $2.6M as Solana Records Big Whale Pump and Polkadot Aims for $6

Best Cryptos to Invest in December 2024: Qubetics surges past $2.6M, Solana’s whale pump ignites…

3 hours ago

Bitcoin Trader Turned $100M in His 20s—Now Reveals 5 Altcoins to Build a $50M Portfolio, With Memecoins Leading the Way!

As Bitcoin reaches unprecedented heights and the market surges, he's highlighting five altcoins poised for…

4 hours ago

Which Crypto Will Explode in the 2024-2025 Bull Run?

With the crypto market reaching new peaks, many are eager to discover digital currencies poised…

4 hours ago

This website uses cookies.