How I hacked a hardware crypto wallet and recovered $2 million



How I hacked a hardware crypto wallet and recovered $2 million

How I hacked a hardware crypto wallet and recovered $2 million

I was contacted to hack a Trezor One hardware wallet and recover $2 million worth of cryptocurrency (in the form of THETA). Knowing that existing research was already out there for this device, it seemed like it would be a slam dunk. Little did I realize the project would turn into a roller coaster ride with over three months of experimentation, failures, successes, and heart-stopping moments. It reminded me that hacking is always unpredictable, exciting, and educational, no matter how long you’ve been doing it. In this case, the stakes were higher than normal: I only had one chance to get it right.

Read about it on The Verge:

Check out Joe Grand here:
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Special thanks to:
wallet.fail:
Colin O’Flynn:
NewAE Technology:
Macdonald Entertainment Partners:
Chase McDaniel:
Dan Reich:

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offspec.io ( is a dedicated team of hackers and entrepreneurs specializing in password recovery from hardware and software wallets. We’re always looking for new and interesting projects where we can use our skills to help others.