A man is about to lose millions of dollars in Bitcoins for forgetting his password

Has it happened to you you forget the password from Face, from your email or from your bank’s app? You feel slouch, right … well, multiply the despair you feel in those moments sooooo many times and maybe you can imagine what Stefan Thomas lives: this man You forgot the password to enter your Bitcoins digital wallet and you are very close to losing millions of dollars.

The Stefan Thomas Story

Stefan Thomas is a programmer who, according to information from the New York Times, has a digital wallet that contains 7 thousand 002 bitcoins, a figure that is around 220 million dollars at the moment… the problem is that you do not remember the password that unlocks said wallet and lost the document where it was written in case you forgot.

Despair: A man is about to lose millions of dollars in Bitcoins for forgetting his password

Image: Getty

It is important to remember that when we talk about cryptocurrenciesIt’s not like we can click on the option “Did you forget your password?”, to have a chance to create a new one. Here there are only ten attempts to enter the correct password, or the content will be permanently encrypted and the money will be seized.

Do you know how many attempts good Stefan Thomas has made? Well, according to the aforementioned medium, you have already tried eight times to enter the password and still cannot access your bitcoins. “I would lie on the bed and think about it. So I went to the computer with a new strategy, it didn’t work, and I was desperate again “declared the protagonist of this story.

A man is about to lose millions of dollars in Bitcoins for forgetting his password

Image: Getty

It was in 2011 when Stefan Thomas received his bitcoinsHowever, at that time he did not take the due precautions because these cryptocurrencies were neither so famous nor did they equal the enormous fortune they represent today. Since then, he has seen the value of his bitcoins go up and down continuously without being able to make use of the millions of dollars they are currently worth..

You are not the only one who has lost Bitcoins by forgetting the password

And be careful here, because Thomas’s case is not the only one of its kind. Another example is Gabriel Abed, an entrepreneur from Barbados who he lost his digital wallet password with 800 bitcoins when a friend formatted his laptop.

Despair: A man is about to lose millions of dollars in Bitcoins for forgetting his passwordDespair: A man is about to lose millions of dollars in Bitcoins for forgetting his password

Image: Getty

One more? Okay, it also happened to Brad Yasar, a Los Angeles businessman who lost the passwords of several wallets with thousands of Bitcoins some years ago And he better decided to keep the hard drives of the computers where he had them so that they do not remind him of how millionaire he could be today. Over the years, I’d say I’ve spent hundreds of hours trying to re-enter these wallets. ” said.

The New York Times indicates that 20% of all bitcoins currently in existence (about 140 billion dollars), they are in lost or stranded wallets. In addition, the company Wallet Recovery Services —which helps you recover lost digital keys– He reported that received up to 70 requests a day in December from people wanting to rescue a Bitcoins password.

Bitcoin is at 800 thousand pesos: 6 tips to get into it and not break in the attempt

READ  Renewables, the UK's leading source of electricity in 2020

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.