Crypto Recovery Firm Claims It Can Unlock Ex-Ripple CTO's $244 Million Bitcoin Trove
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Cryptocurrency recovery company Unciphered offered to help former Ripple CTO Stefan Thomas unlock his hard drive containing an estimated $244 million in Bitcoin.
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Unciphered claims they can hack into Thomas's highly secure IronKey device, rated for a high level of encryption, by exploiting a vulnerability they discovered.
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The company says they have successfully demonstrated their hacking method with partners and media outlets, including Wired journalist Andy Greenberg.
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Unciphered believes their skills can retrieve Thomas's inaccessible crypto funds and invited him to witness a demonstration.
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The case highlights the broader issue of billions in Bitcoin supply being inaccessible due to lost keys, estimated at nearly 20% in 2022.