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The $700 Million Wallet Crack: Bitcoin's 7th Largest Address Is Under Constant Attack

During the last two years, hackers have been trying to crack the seventh-largest bitcoin wallet, an address that holds 69,370 BTC or $712 million using today’s exchange rate. According to the CTO of the cybercrime intelligence firm, Hudson Rock, the wallet is being publicized on hacking forums in order to crack the password.

Wallets with a massive amount of bitcoin (BTC) are listed on bitinfocharts.com in a list called the “Bitcoin Rich List.” During the last ten years, crypto proponents have scrutinized this list in order to figure out the owners or record significant transfers.

According to a report published by Vice, the seventh richest BTC address is a target for hackers, as an ostensible wallet.dat file has been passed around hacker forums for 12 to even 24 months. On Twitter, Alon Gal, the Chief Technology Officer of cybercrime firm Hudson Rock explained the situation.

“Get this,” Gal tweeted. “There is a bitcoin wallet with 69,000 bitcoins that is being passed around between hackers/crackers for the past [two] 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,” the cybercrime intelligence expert added.

The $700 Million Wallet Crack: Bitcoin's 7th Largest Address Is Under Constant Attack
The “Bitcoin Rich List” according to bitinfocharts.com data on September 11, 2020.

Following Gal’s tweet, he was inundated with a number of direct messages on Twitter asking about the wallet. Gal further wrote:

Unless there is a really good reason for me to give you the wallet, you’re not going to get it sorry 40+ [direct messages].

News.Bitcoin.com also discovered that the wallet.dat file has been selling on a number of websites like Bitcointalk.org. The 69,000 BTC wallet file

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