Programmer at Risk of Losing $240 Million in Bitcoin After Forgetting Password
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In 2011, programmer Stefan Thomas was paid 7,002 bitcoins (worth ~$240 million today) for an animated video. He stored them on an encrypted hard drive.
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Thomas lost the password to access the hard drive. After 10 failed attempts, the drive will erase itself.
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Thomas has tried to access the drive but has 2 password attempts left before losing the bitcoins forever.
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Cybersecurity firms have offered to help crack the hard drive, claiming they can now access old encrypted drives.
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Thomas has declined their help for now, as he already has 2 teams working on solutions.