Stefan Thomas, a German programmer based in San Francisco, can no longer find the password to his digital bitcoin wallet. He risks losing his $ 220 million (180.8 million euros).
Stefan Thomas’ fortune is in bitcoin. Unfortunately, he cannot access it. And for good reason, this German programmer installed in San Francisco, can no longer find his password. According to information revealed by the New York Times, he only has two tries out of the ten allowed. Beyond that, his wallet will no longer be accessible.
In 2011 Stefan Thomas received 7,002 bitcoins from a client. His password will give him access to a small hard drive – or IronKey. The latter contains all the digital keys to give access to bitcoins. The programmer had written his password down on a piece of paper, but had misplaced it. “I just lay down on my bed and think about it. Then I was leaning over my computer with a new strategy, and it wasn’t working, and I was desperate again“, he told the New York daily.
A painful memory. I hope others can learn from my mistakes. Test your backups regularly to make sure they are still working. An ounce of foresight could have prevented a decade of regret.
That said, I’ll do what I always do which is focus on building things, eg @Interledger. https://t.co/pCgObeAf4Z
– Stefan Thomas (@justmoon) January 12, 2021
The society Wallet Recovery Services, helping users find their lost digital keys, has seen an increase in the number of requests. The German programmer is therefore not the only one to find himself in this situation. According to the platform specializing in cybersecurity and cryptocurrency Chainalysis, relayed by Le Figaro, around 20% of the 18.5 million bitcoins existing ones seem lost or blocked, that is to say 140 billion dollars.
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