Man Has Only 2 More Guesses To Access His £175m Bitcoin Wallet

Jesse Williams

By Jesse Williams

Jesse Williams

14 Jan 2021

San-Francisco based programmer Stefan Thomas could lose £175 million worth of bitcoin if he can’t remember his password.

10 years after being given 7,002 bitcoins as a reward for making a video explaining how the cryptocurrency works, Thomas now sits on a $240m fortune as a single bitcoin is now worth $34,000.

But what should be a story to envy has quickly become a nightmare as Thomas has forgotten his password. He has already entered the wrong password 8 times and his hard drive will auto encrypt on the 10th failed attempt, losing out on his crypto fortune.

“I would just lay in bed and think about it, then I would go to the computer with some new strategy, and it wouldn’t work, and I would be desperate again.” Thomas revealed to the New York Times that the whole ordeal has put off cryptocurrencies.

After seeing the story Alex Stamosan internet security expert at Stanford Internet Observatory, said for a 10% cut of he could unlock the hard drive in 6 months, a mutually beneficial trade surely ?