Is he the most misfortunetful loser in cryptocurrency history?
1. In 2011, Stefan Thomas, an early supporter of Bitcoin, received 7k Bitcoins in exchange for creating an animated film regarding cryptocurrencies. Hundreds of millions of dollars are now value of these Bitcoins.
2. He discovered eventually that his Bitcoins were kept on an IronKey USB stick, but he had misplaced the password.
3. The contents of the IronKey are encrypted permanently after 10 unsuccessful password attempts. Only two guesses remain for him.
#LessonToBeStudied
a. We all take great satisfaction in the independence and decentralisation of cryptocurrency. One of the best things about cryptocurrencies is its versatility, but there are drawbacks as well.
b. It's critical to comprehend the significance of safeguarding and maintaining passkeys in order to prevent such outcomes .
