Seattle-based company, Unciphered, has developed a unique method to crack the password of a decade-old IronKey model, potentially offering a chance to recover a lost fortune of 7,002 Bitcoins (CRYPTO: BTC), worth nearly $235 million.
Stefan Thomas lost the password to an encrypted USB drive holding 7,002 bitcoins. One team of hackers believes they can unlock it if they can get Thomas to let them.
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https://www.afinalwarning.com/489114.html (Natural News) A San Francisco-based programmer who owns $220 million worth of bitcoins is now unable to access his money because he lost his password. While this doesn’t seem like that big a story, especially with how easy it can be to recover passwords with most services these days, Bitcoin’s decentralized nature complicates things for Stefan Thomas.
Unlike other, more centralized services, Bitcoin does not store the passwords of users such as Thoman in a central server, as part of this, it does it allow them to reset it should the user forget it. As such, Thomas now only has two guesses left before he’s locked out of his IronKey – a small hard drive that continues the digital certificates that will let him access his digital wallet that holes 7,002 bitcoin.