One of the many BTC owners who lost their tokens is Stefan Thomas, a German-born programmer who lives in San Francisco. He lost the password to access his “IronKey” to access private keys to a digital wallet where he holds 7,002 Bitcoins.
The German programmer couldn’t remember the password. He only has two remaining guesses left to be able to access his digital wallet or else he’ll lose more than $250 million worth of BTC. He forgot where he wrote the many years old password for his IronKey.
“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,” said Thomas to The New York Times.
Is it possible to recover keys in the future
While there are some businesses that help investors and Bitcoin miners find their lost digital keys, the process doesn’t seem to be working efficiently. Wallet Recovery Services, a firm in the business of Bitcoin keys recovery, said it receives 70 requests a day from investors and miners who lost their private keys.
