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Authorities hack cryptocurrency seed phrase (www.abc.net.au)

submitted 1 month ago by [email protected] to c/[email protected]

17 comments fedilink hide all child comments

According to the article ‘the Australian Federal Police (AFP) will allege that an analytics specialist from the AFP's Criminal Assets Confiscation Taskforce deciphered Mr Jung's cryptocurrency account's "seed phrase".’

The word ‘decipher’ is doing a lot of heavy lifting. I’m wondering if they socially engineered or just found it written somewhere in the house?

Anyway, curious as to how they did it.

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[–] [email protected] 83 points 1 month ago* (last edited 1 month ago) (8 children)

I highly doubt they did anything remotely like "hacking" the seed phrase. I don't care for cryptocurrency, but I hate cop bullshit even more, so here's my 2 cents.

or just found it written somewhere in the house?

this one.

A seed phrase is just an encoding of a long binary number which can be used to derive the secret key. Trying all the possibilities probably isn't possible, and I think it's also unlikely that they found a way to weaken it. What they probably did is find it and type it in. They DID raid the dude's house, where he was probably keeping a copy of it.

"Twenty or thirty years ago, police did not hack, that was not a thing that they did, but that's very much part of the bread and butter of a modern police force nowadays," Mr Uren said.

LMAO fuck off with this. I don't doubt they have some tech guys on hand. I don't think they have access to the quantum computer you'd need for this.

[–] [email protected] 7 points 1 month ago

I wrote a script to generate seed phrases and look up if that derived into a key with any value. Then did the maths on how impossible that is and decided to stop.

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