Friends invested $50k in Theta in 2018 but lost access to the Trezor One. However, they are now $2 million richer after one hacker helped cracked the wallet.
NYC-based entrepreneur Dan Reich has recently regained access to more than $2 million worth of crypto left in a Trezor One hardware wallet with the help of renowned computer engineer and hardware hacker Joe Grand.uploaded recently, the Portland-based hacker popularly known by his pseudonym “Kingpin” gave a comprehensive narration of how he cracked the wallet to recover the “lost” crypto assets.to splurge $50,000 on the newly launched Theta token, trading around 21 cents at that time.
Soon they discovered a Switzerland-based financier who claimed he had associates in France who could crack the wallet in a lab. However, they demanded that to do the job, Reich would not go to the lab or know the names of the people who would supposedly be cracking the wallet. Grand said he used a fault injection attack, a strategy that modifies the voltage going to the chip, to bypass the security of the wallet’s microcontrollers. It prevents hackers from reading RAM and obtaining the PIN needed to unlock the wallet and funds.
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