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I'm reposting this question (originally found here: Windows password reset pogostick not working: kernel panic) because I am having the same issue and none of the solutions listed in that thread solve the problem.
Trying to use ntpasswd (http://pogostick.net/~pnh/ntpasswd/) to reset the admin password on a Windows 10 box.
I am having the same issue with the USB version and it happens with both usb140201.zip and usb110511.zip. USB is FAT32 formatted (let me know if that is a problem, the ntpasswd website does not seem to mention anything about the filesystem requirements)
Getting stuck on kernel panic - not syncing: no init found after trying to boot with options boot irqpoll noacpi nolapic nosmp nousb. If I try to just boot with no options it just hangs on "booting the kernel"
please let me know if there's a way to get this working or if this tool no longer works as of 2019. I saw posts from 2018 saying it still worked so I figured I'd give it a try. No luck so far getting it to boot. Target device is a Dell Optiplesk 7050 booting in legacy mode (secure boot off)