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Man has fortune in Bitcoin but does not remember password

Our activity on the internet is increasing and this necessarily requires several registrations with mandatory password as a form of protection. With so many different passwords it is absolutely normal to forget one, but there are cases where it can be a real tragedy.

So say programmer Stefan Thomas, who has a $ 240 million Bitcoin hard drive at home but does not remember the code that allows him to access his fortune.

240 million in Bitcoin, and only has two more attempts to set the password

Stefan Thomas was given 7,002 bitcoins for a video explaining how cryptocurrency works They are now worth $ 240m (£ 175m) – but he can’t remember the password to his digital wallethttps: //t.co/dtoLQ9J2Py

– BBC News (World) (@BBCWorld) January 13, 2021

It all started more than 10 years ago, when Thomas received more than 7,000 Bitcoin as compensation for a video explaining how crypto works. Despite being knowledgeable about the subject, the man did not give much value to the generous offer, because at the time it corresponded only to a handful of dollars.

Even so, the programmer decided to protect his payment using an IronKey digital wallet, followed by what may be the worst decision of his life: he wrote the password on a piece of paper that he obviously lost.

Cryptocurrencies have always been a very volatile commodity and Bitcoin is no exception. It has already gone through periods of great appreciation but also by abrupt falls.

Recently, the most famous crypto on the planet has reached a new historic high, with a Bitcoin worth $ 20,000. That number has even continued to rise in recent weeks, and is expected to reach $ 30,000 in the coming months.

This means that Stefan Thomas has a $ 240 million jackpot waiting for him, but is unable to access the makeup. This is because it has already spent 8 out of 10 attempts to enter the correct password, without any success.

If the 10 attempts are wrong, the data will be automatically encrypted, permanently preventing access to the wallet.

There are plenty of people interested in helping to exchange some Bitcoin

Some “charitable souls” have already approached the unlucky by offering help in exchange for a percentage of their lost fortune. One of them was Alex Stamos, who was already responsible for the security of huge platforms like Facebook.

Stamos turned to Twitter to advise Thomas to seek professional help instead of risking losing $ 240 million. Of course, the specialist would not do it for free and asks for a compensation of 10% of the total amount on the hard disk.

According to the Chainanalysis company, this type of event is more common than one would imagine. According to them, there are more than 140 billion dollars in Bitcoin lost or blocked forever in digital wallets like the one used by Stefan Thomas.

4gnews editors recommend:

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