White hat hacker attempts to recover ‘millions’ in lost Bitcoin, finds only $105

Joe Grand, a pc engineer and {hardware} hacker identified by many for recovering crypto from hard-to-reach locations, spent hours breaking right into a telephone solely to discover a fraction of a Bitcoin.

In a YouTube video launched on Thursday, Grand traveled from Portland to Seattle in an effort to doubtlessly get better “hundreds of thousands of {dollars}” in Bitcoin (BTC) from a Samsung Galaxy SIII telephone owned by Lavar Sanders, a neighborhood bus operator. Sanders initially bought the BTC in July 2016 in a “tremendous sketchy” approach, paying an individual at a restaurant and storing the crypto in a pockets on the telephone earlier than placing it in storage and dropping observe of the machine.

After discovering the telephone in 2021, Sanders couldn’t recall the swipe password, however remembered establishing the choice of erasing the info if too many incorrect makes an attempt have been made. He and a buddy related with Grand after discovering his YouTube movies, permitting the white hat hacker to make a number of makes an attempt to get into the telephone’s reminiscence and get better the crypto.

Following some microsoldering, downloading the reminiscence and discovering the Samsung’s swipe sample for entry — which turned out to be the letter “L” — Sanders opened his MyCelium Bitcoin pockets and found solely 0.00300861 BTC — value $105 USD on the time, all the way down to roughly $63 USD on the time of publication. Grand was later in a position to decide the bus operator bought $400 value of BTC in 2016, most of which went to a crypto mixing service that shut down in 2019 known as BitBlender.

“I’m somewhat devastated,” stated Sanders. “We didn’t generate income, however we undoubtedly made new pals.”

Associated: Engineer hacks Trezor pockets, recovers $2M in ‘misplaced’ crypto

Many crypto customers have been locked out of their wallets or in any other case misplaced entry to bodily units holding BTC through the years — one of the well-known examples being a Welsh man who in 2013 threw out a tough drive containing 7,500 Bitcoins, value greater than $150 million no. Nonetheless, many hackers and engineers specializing in crypto restoration companies have appeared in response.