April 30, 2025
Blockchain

Millions of Dollars Worth Cryptocurrency Wallets With Forgotten Passwords (What Was Bought With The Lost Money!)

  • July 30, 2024
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The wealth you have earned throughout your life It is linked to a password think. If this password is forgotten, that wealth will disappear, never to return… Isn’t

Millions of Dollars Worth Cryptocurrency Wallets With Forgotten Passwords (What Was Bought With The Lost Money!)

The wealth you have earned throughout your life It is linked to a password think. If this password is forgotten, that wealth will disappear, never to return… Isn’t that a scary scenario?

However, this horrific scenario has become a reality for some people. So much so that millions of dollars worth of Bitcoin and other cryptocurrencies have been lost in recent years due to forgotten passwords. has become inaccessible.

Let’s start with the 7002 Bitcoin wallet that Stefan Thomas forgot the password for.

Stefan Thomas

Stefan Thomas, who had access to the Bitcoin wallet and 7002 Bitcoins Found Forgot the password of an IronKey USB.

Today, Bitcoin is worth $69,515. If we do the math, 7002 Bitcoins earn $486,744,030!

Thomas entered the IronKey incorrectly only 8 out of 10 times There are two attempts left.

According to the latest news, a hacker team called Unciphered has managed to crack the password by finding the security vulnerability of the encrypted USB. However, Thomas offers to crack the code. Because he has an agreement with another team refused…

James Howells, on the other hand, lost the USB with 8,000 Bitcoins in the worst possible way.

James Howells

James Howells accidentally stole a USB stick containing 8,000 Bitcoins threw it away.

Today, the value of Bitcoin is $69,515. If we calculate, 8,000 Bitcoins yield exactly $556,120,000.

Yes You didn’t hear it wrong threw it away!

It is known that Howells unknowingly threw away the USB memory stick in the drawer while cleaning the office. digging up at a landfill Although he took legal action, his application was rejected.

Gabriel Abed lost access to his wallet containing 800 Bitcoins.

Gabriel Abed

Abed, one of the first investors in Bitcoin, bought 800 Bitcoins that he had stored on an old laptop. Due to the specified size can’t fit any more in.

The current value of Bitcoin is exactly $69,515. 800 Bitcoins earn $55,612.00.

Brad Yasar cannot access the thousands of Bitcoins he obtained by mining Bitcoin because he forgot the password.

Brad Yasar

Brad Yasar, the wallet containing the Bitcoins he has collected over the years forgot his password and it cost him millions of dollars…

In short, to ensure the security of cryptocurrencies It is important to use strong passwordsHowever, forgetting these passwords can make investors’ nightmares come true and lead to huge losses.

It can also happen in the most unpleasant way…

Source: Wired, Bloomberg, NY Times, Binance

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