Meet Stefan Thomas, he has two password tries to lose £180 million worth of Bitcoin

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A computer scientist named Stefan Thomas has announced that he has two guesses left to work out the password for his Bitcoin account, which is worth £180 million.

Stefan Thomas: This guy is going to lose $180 million worth of bitcoin…

Stefan is attempting to decrypt the code from a portable hard disc, known as IronKey, to unlock 7,002 Bitcoin, worth more than £25,500 each.

The price of Bitcon has risen by more than 720 per cent since March 2020.

According to Stefan, he was awarded the Bitcoin in 2011 as a prise for an animation but, sadly, he missed the sheet of paper he wrote his password on.

The IronKey makes just ten attempts, and has already attempted eight times, leaving just two attempts remaining. If he doesn’t have it right, the computer will be permanently encrypted and the money will be lost forever.

He said:

“I would just lay in bed and think about it.
“Then I’d go to the computer with some new strategy and it wouldn’t work and I’d be desperate again.”

Stefan, a native of San Francisco, who made another fortune on a similar cryptocurrency named Ripple, plans to keep his Ironkey in a safe facility before he or others find a way to crack it.

He said the move was to preserve his sanity.

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