Passware is a Pioneering Bitcoin Wallet Password Recovery Tool Kit for Crypto Users
Passware Kit – The Pioneering Bitcoin Wallet Password Recovery Tool
Passware Inc., a company that deals with the provision of password recovery, decryption and computer forensics investigation software, recently made the headlines by becoming the first platform to release a password recovery tool for Bitcoin wallets. The Passware Kit solution will initially be available for Blockchain.com and Bitcoin Core wallet services.
The Challenge Of Lost Passwords
The decentralized nature of blockchain networks makes it impossible to recover lost Bitcoin wallet passwords. Therefore, such wallets are rendered dormant indefinitely because there are no alternative means of accessing the private keys needed to facilitate transactions.
According to Dmitry Sumin, the CEO of Passware, law enforcement agencies around the world acknowledge that the anonymity of cryptocurrency transactions is advantageous to criminals. This is because it obscures the identities of people involved in illegal activities such as money laundry, tax evasion, extortion, and the sale of controlled substances. Moreover, the unavailability of a password recovery option makes it impossible to extract stolen digital assets form a suspect’s wallet. The Passware Kit will bring a solution to these challenges.
Working Mechanism Of The Passware Kit
The prerequisite for the use of the Passware Kit password recovery solution is the wallet file. Typically, this file is stored on the wallet owner's computer. On the Blockchain.com wallet, the file is called wallet.aes.json, while on the Bitcoin Core wallet it is known as wallet.dat. Alternatively, this file can also be downloaded from the web.
Regarding performance, the Passware Kit solution is nothing short of impressive. The software can comfortably process 500,000 passwords in a second while running on a modest GPU. Another factor that contributes to the remarkable speed is the use of distributed computing.
Additional features of the Passware Kit Forensic 2018 v2 are:
- Fast decryption of Apple File System disks through the evaluation of iCloud and iTunes backups.
- Password removal for QuickBooks 2018 database.
- Acquisition of iOS 12.0 backups from iCloud,
- An enhanced version of the Encryption Analyzer and Dictionary attack.
It is worth noting that the Passware kit is designed for cryptocurrency forensic investigators. For this reason, it is packaged in the forensic edition of the Passware Kit.
Price And Availability
The Passware Kit is sold on the official Passware website for $995, inclusive of a year of free updates.
About Passware Inc
Passware Inc was established two decades ago and has since grown into a leading provider of password, decryption and electronic forensics software. The client base of this solution consists of prominent institutions such as NASA, the IRS, Boeing, US Department of Homeland Security and many others. The headquarters of Passware is based in Mountain View, California.