Crypto Recovery Firm Offers to Unlock Forgotten Password to $244 Million Bitcoin Fortune
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Stefan Thomas, former Ripple CTO, has an IronKey hard drive with 7,002 BTC he can't access after forgetting the password. He has 2 attempts left before the drive erases all data.
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Crypto recovery firm Unciphered says they can crack the IronKey drive safely and recover the BTC, claiming to have done it before.
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Unciphered made an open letter to Thomas offering to unlock the drive worth $244M. The company says they can bypass the 10-attempt limit.
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There are many stories like Thomas' of people losing access to large amounts of crypto by misplacing keys or drives.
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In 2021, estimates said up to 20% of all Bitcoin, worth billions, was inaccessible due to lost keys. Unciphered hopes to create a business helping people recover lost crypto.