German Prosecutors Seize $60 Million Worth of Bitcoin, Can’t Access Private Keys

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Meanwhile, James Howells — a British man accidentally threw away a hard disk filled with his Bitcoin (BTC) 7 years ago and had lost $280 million worth of Bitcoin.

That being said, fraudsters are within their legal rights to refuse to share their password with authorities, which would ultimately provide access to the wallets. Meanwhile, Bitcoin holders who lose their passwords will consequently lose a fortune that they won’t be able to recover.

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