A strange case comes to light when cryptocurrency has made 180 million pounds (about Rs 1800 crore) through Bitcoin, forgetting their password. According to the report, the American computer programmer has the last two chances to enter the password. According to information, these investors named Stephen Thomas have 7,002 Bitcoins and each Bitcoin is worth Rs 25.48 lakh. Thomas stored them on an encryption device (IronK), but has now forgotten his password.
Lost paper written password
According to a report by The Sun, Thomas wrote the password on paper. But, that paper was lost by mistake. There is a 10 times password access limit on a device that holds bitcoins. Thomas has tried 8 times after forgetting the password. In that situation, he has two more opportunities. If they cannot enter the correct password, they will never receive these bitcoins after 10 attempts.
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10 years for Bitcoin
Stephen, a German-born and now living in San Francisco, received these bitcoins in 2011 for his creation of animation. Since then, there has been a big change in the price of Bitcoin. This is an increase of 720 percent from March 2020. Stephen told The Sun, ‘I’ve been thinking about passwords all day. Every time I go to the computer with a new idea, I have to return disappointed.
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Explain that this is not the first case that a cryptocurrency has forgotten a password. There are many such users worldwide. According to the Wallet Recovery Service, which helps recover lost passwords, they face 70 such cases in a single day.
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