Finance & businessIndiCryptoImagine being just two wrong guesses away from losing over $800 million forever
Imagine being just two wrong guesses away from losing over $800 million forever
Short1:07
Published Aug 15, 2026, 9:19 AM · 2mo ago
IndiCrypto
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Description
Imagine being just two wrong guesses away from losing over $800 million forever. 🔐💰
This is the high-stakes reality for German programmer Stefan Thomas, who owns a locked IronKey USB drive containing 7,002 Bitcoin. Thomas received the coins back in 2011 but misplaced the password to the encrypted drive.
The device was designed to permanently lock after 10 failed attempts; as of now, Thomas has already exhausted eight of them. With his massive fortune hanging in the balance, he currently keeps the drive secured in a Swiss vault while he weighs his remaining options.
While a team of white-hat hackers recently claimed they could crack the device, Thomas has so far rejected their help, having already made agreements with other recovery experts who have yet to succeed. His story serves as a legendary cautionary tale for the crypto world: in the realm of self-custody, there is no "forgot password" button.
When you are your own bank, the security is absolute, and so is the responsibility.
Would you take the final two guesses? 👇
#Bitcoin #Crypto #StefanThomas
Details
- Published
- Aug 15, 2026, 9:19 AM
- Length
- 1:07 (67 s)
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- Short (3 min or less)
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