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Experts Skeptical of Reddit Dev's $700M Bitcoin Recovery Tool Claim

Experts doubt a Reddit developer's claim that an unreleased CUDA-based GPU tool can brute-force private keys to recover 8,999 BTC—worth $700 million at $78,180/BTC—lost in a 2010 Bitcoin client 0.3.2 entropy bug affecting the dormant 'Stone Man' wallet. The story emerged at 10:44 UTC highlighting the exploit of weak randomness narrowing the search space for the 16-year inactive stash. A 11:55 UTC update emphasized skepticism on feasibility, high GPU costs, extended timelines, plus potential market selling pressure, legal disputes, and implications for ~4 million other stranded BTC.

Category

Bitcoin

Sentiment

Neutral

Event

Security incident

Reading time

1 min