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  • Lost Passwords Lock Millionaires Out of Their Bitcoin Fortunes

    01/12/2021 9:14:26 AM PST · by Theoria · 66 replies
    The New York Times ^ | 12 Jan 2021 | Nathaniel Popper
    Bitcoin owners are getting rich because the cryptocurrency has soared. But what happens when you can’t access that wealth because you forgot the password to your digital wallet? Stefan Thomas, a German-born programmer living in San Francisco, has two guesses left to figure out a password that is worth, as of this week, about $220 million. The password will let him unlock a small hard drive, known as an IronKey, which contains the private keys to a digital wallet that holds 7,002 Bitcoin. While the price of Bitcoin dropped sharply on Monday, it is still up more than 50 percent...