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Man With $232M BTC Has 2 Chances Left To Retrieve His Wallet

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  1. A man named Stefan Thomas has a crypto wallet containing $232 million worth of bitcoins.
  2. Thomas stored his bitcoins in a digital wallet and he wrote his password on a piece of paper.
  3. The wallet’s password is lost and Thomas has attempted 8 out of 10 tries to retrieve his bitcoins.

Stefan Thomas, a German-born programmer living in San Francisco, must be one of the earliest bitcoiners who is now filthy rich. In fact, his crypto wallet alone has bitcoins (BTC) worth $232 million today.

Now, Thomas only needs to do one thing: retrieve his password to access his account. But he needs to get the right password because he only has two remaining attempts to do so before his wallet is lost from him forever.

Thomas received 7,002 bitcoins when they were only worth $5 each in exchange for creating a video demonstrating how Bitcoin operates. He immediately stored his bitcoins in a digital wallet. Thomas kept the wallet’s private keys on a password-protected tiny hard drive but that password was scribbled down on a sheet of paper and regrettably misplaced.

According to Thomas, he would lie in bed and think about it. Thomas told The New York Times that he would go to the computer with some new strategy, which wouldn’t work, and he would be desperate again. Surprisingly, this is not the first time someone has misplaced a Bitcoin valued at millions of dollars. 

James Howells, a Welshman, unintentionally tossed away a hard drive containing almost $265 million worth of Bitcoin. Howells continues to look at the nearby dump in the hopes of someday discovering his hard drive. 

In other news, cryptocurrencies ended February with a bit of gain after a substantial rise started in 2023. Notably, the second-largest cryptocurrency on the market, Ether (ETH-USD), outperformed its giant peer Bitcoin (BTC-USD), in February, climbing 1.6% instead of Bitcoin’s more subdued 0.4% gain.

Bitcoin increased by almost 40% in January, marking an enormous year-to-date performance since 2013. Bitcoin watchers have been eagerly monitoring if the cryptocurrency’s price may surpass US$25,000 since the beginning of 2023.

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Crypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.

Godfrey Mwirigi is an enthusiastic crypto writer with an interest in Bitcoin, blockchain, and technical analysis. With a focus on daily market analysis, his research helps traders and investors alike. His particular interest in digital wallets and blockchain aids his audience in their day-to-day endeavors.

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