L0pht was founded in 1992 in the Boston area as a location for its members to store their computer hardware and work on various projects. In time, the members of L0pht quit their day jobs to start a business venture named L0pht Heavy Industries, a hacker think tank. The business released several security advisories and produced widely-used software tools such as like L0phtCrack, a password cracker for Windows NT. On May 19, 1998, all seven members of L0pht (Brian Oblivion, Kingpin, Mudge, Space Rogue, Stefan Von Neumann, John Tan, Weld Pond) famously testified before the Congress of the United States that they could shut down the entire Internet in 30 minutes.
In January 2000, L0pht Heavy Industries merged with the startup @stake, completing the L0pht's slow transition from an underground organization into a "whitehat" computer security company. Symantec announced its acquisition of @stake on September 16, 2004, and completed the transaction on October 8 of that year.
On March 14, 2008, several members of L0pht sat at a panel at a standing-room-only group of InfoSec professionals at SOURCE:Boston. Present were Weld Pond, John Tan, Mudge, Space Rogue, Silicosis and Dildog.