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CounterWallet Nightmare (with Happy Ending)

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lostdroid

I hadn't logged into my CounterParty Wallet for over a month until yesterday. When I did I was presented with the license agreement and when I agreed to it all my BTC and assets were missing. Obviously this caused a bit of a panic. I was pretty sure I was using the correct pass phrase. I had this stored in two places so I check the backup but still no luck.

Anyway after a few hour messing about and a bit of research I discovered that the CounterWallet deterministic Wallet algorithm changed on the 8th May. I set up my wallet on the 7th May. The way the change was implemented meant that it carried on working until mid July when I last logged in.

The good news is that you can recover the wallet. There exists a python script called CounterPartyHelper which can be found from the link below:

https://github.com/porqup1ne/CounterWalletHelper

It allows you to enter your pass phrase and it returns your Bitcoin Addresses. I ran this and it returned the correct addresses for my missing wallet. I then ran it again with the option to display the private keys for these addresses. Next I created a new CounterWallet and used the private keys with 'Import Funds', 'From Another Address' option of CounterWallet. It cost me a small amount of BTC and I have some BTC dust left in the old wallet but other than that I have recovered from potential disaster. I've also learn a little too in the process.

So if you find yourself in this situation, don't panic and with a bit of effort (and small amount of BTC) you can recover from this. If I find time I'll try and do a full write up of the process.

12 likes
  • Takeshi80

    I had exactly the same situation. And the service I just rescued. Like in the topic, it is useful for the forgetful.

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  • wildjo

    Perhaps this post could be made a "sticky" in the help forum?

    @cryptonaut

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  • goldbit

    Thanks for the information. It can be very useful in the future.

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  • page

    I have bookmarked this, I might need it. I bought some swarm is that on the counterparty platform? I can't remember now, if so was it after May 8th?????

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  • unwrittenjamaican

    This just saved me! Thank you so much!

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  • montello

    I have created a copy of this solution on my flash just in case i encounter such circumstance in the future.Thanks

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  • melisande

    Thanks for this kind information you pass to us, it will be very important in the future.

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  • bitsol

    @cryptonaut is this legit?

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  • dgiors

    Thanks @lostdroid I haven't had need to do this because I was made aware of the impending change and switched to the new wallet system before becoming locked out of the old. It has been in the back of my mind the "what if" situation I had missed the deadline, been distracted or otherwise unable to take proactive steps. Multiply that by the sheer number of crypto currencies I have and it's only a matter of time until I drop the ball on something.

    Glad to know solutions like this exist. That alone offers peace of mind in case the doo hits the fan.

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  • gigiwe

    I guess counterwallet are taking more than what they can chew, more people means they have to upgrade their server which they have refuse to do despite huge charges they charged per transactions.

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