hiIs he the unluckiest person in the history of Crypto?
1. Stefan Thomas, an early adopter of Bitcoin, received 7,002 Bitcoins (worth hundreds of millions today) in 2011 as a reward for creating an animated video about cryptocurrency.
2. Over time, he stored his Bitcoins on an IronKey USB hard drive but forgot the password.
3. The IronKey allows only 10 attempts to guess the password before encrypting its contents permanently. Thomas now has only two attempts left.
a. While we take pride in the decentralization and independence of cryptocurrency, this feature is a double-edged sword.
b. It is crucial to protect and preserve passkeys to avoid such catastrophic losses.
