A programmer from the USA lost the password to 7002 BTC

A programmer from the USA lost the password to 7002 BTC

Due to his confusion, Stefan Thomas is two steps away from losing a huge fortune.

A programmer from San Francisco has only two attempts left to enter the correct password and gain access to his 7002 BTS. 

He has already entered the password for the self-destructing IronKey flash drive containing $237 million incorrectly 8 times, and he has only two attempts left. After this, the funds will be permanently blocked. 

In an interview with New York Times Stefan said that he received these 7002 bitcoins back in 2011. He saved the keys to the crypto wallet on a secure IronKey flash drive, and wrote down the password for it on a piece of paper. The password sheet was lost over the years, and the coins became unavailable.

When the BTC price began to rise, Stefan Thomas wanted to remember the password for his treasury. He has already used 8 attempts to enter the password out of 10 available. As a result, he safely hid the flash drive away so as not to get upset every time he looked at it, and now awaits the emergence of new hacking technologies.

Since 2007, IronKey technology has gained widespread recognition due to its high level of data protection. The user is given only ten attempts to enter the password. The flash drive then overwrites all data and blocks it.

If Thomas fails to remember his password or hack the wallet, 7002 BTC will be lost forever from circulation.

Subscribe to ForkNews on Telegram to always stay up to date with the latest news from the world of cryptocurrencies

You May Also Like

62021-01-22

Amid the fall of BTC, traders lost $1.7 billion per day

The sharp drop in the price of Bitcoin led to massive liquidation of long positions.

Bitcoin
152018-11-27

Ohio State Now Accepts Bitcoin Taxes

Ohio will become the first state in the US to officially accept tax payments in Bitcoin. Starting tomorrow, companies will be able to pay their state tax authorities in the BTC by registering on the OhioCrypto.com website.

Bitcoin

Latest articles from Bitcoin category

Fresh video on our Channel