A group of hackers who cracked a digital wallet with $3 million in bitcoin recently explained how they did it.

The world of hackers is a little more complicated than that of criminals, says electronic engineer Joe Grand, who is known online as the online ‘Kingpin’.

He was contacted by the digital currency about unlocking the e-wallet with the large amount of money, after its owner had forgotten the password for 11 years.

The electronic currency was protected by a password randomly generated by their generator called Roboform.

The owner who had forgotten the password was afraid that someone else would find it and gain access to his money.

Grand was the right man for this as he was known in the online community that in 2022 he had helped unlock access to $2 million that was considered lost.

In a YouTube video posted by Grand, the owner of the money said: “I took the auto-generated password and put it in the correct passphrase of the wallet.”

At the time he lost access to his Bitcoin account the value he owned was only about $2,000.

But since the price of Bitcoin has increased many times he wanted access back.

Consequently Grand managed to unlock the Bitcoin wallet using a tool of the American security agency NSA.

“Ideally, when a password is created with the automatic generator, it should be unique, but in the case of RoboForm, this was not the case.”

“While RoboForm passwords seem to be generated with random combinations, but that’s not the case, if you check the time, you can check the password.”

Grand says he managed to convince the program to change the time in 2013 when the password was created, and with the help of his colleague Bruno, they cracked it.

Grand said they had also been lucky.

“Consequently we were lucky that the parameters and timing were correct, because if we didn’t shoot it right we would still be guessing,” he said in an email.