More than $600 million in Bitcoin at risk due to lost password: the Stefan Thomas story
Stefan Thomas has been unable to access his Bitcoin fortune stored on a secure IronKey USB drive since 2012, after losing the password. With over $600 million in BTC locked away, he has only two attempts left to guess the password before the funds become permanently inaccessible.
So far, Thomas has entered incorrect passwords in 8 out of 10 tries, making his situation extremely precarious. If he fails in the remaining two attempts, he will lose access to his entire cryptocurrency holding forever.
This case highlights the risks of digital asset storage and emphasizes the critical importance of effective password management for cryptocurrency owners.
