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Gold Level Contributor
Former Ripple CTO can't remember a password that would unlock a fortune in bitcoin

The former chief technology officer of Ripple Labs has just two more password attempts to lay his hands on $240 million in bitcoin that has been locked in a hard-drive for over a decade.

Stefan Thomas was paid 7,002 bitcoins for making a cryptocurrency explainer video ten years ago. At the time each bitcoin was worth between $2 and $6.

But with bitcoin prices surging, Thomas has made eight failed attempts to access the loot using his most commonly-used passwords and has lucked out every time, the New York Times reports.

Two more failed attempts and the drive will auto-encrypt its contents, consigning his fortune to the ether.

“I would just lay in bed and think about it," Thomas told the New York Times. "Then I would go to the computer with some new strategy, and it wouldn’t work, and I would be desperate again.”
Originally published by
Finextra | January 13, 2021
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JAAGNet FinTech Trends

FINTEC - Finance Technologies Conference and Exhibition

  • Description:

    IFINTEC – Finance Technologies Conference and Exhibition

    IFINTEC is a global conference which is one of the biggest and most important conferences in EMEA region with its focus on Retail Banking, Digital Banking, Core Banking, Payment Systems, Banking Technologies, Banking IT Solutions, Digital Transformation and Finance Technologies. With 850+ attendees, 30+ speakers, 30+…

  • Created by: Kathy Jones
  • Tags: fintech, finance, banking, it, istanbul, turkey

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Money 20/20 Europe - Amsterdam

  • Description:

    Money 20/20 Europe – Amsterdam

    Money20/20 has always been about uniting the FinTech and Financial Services community, even in the toughest of times. In our enthusiasm and commitment to the industry, we really wanted to make our Money20/20 Europe and USA shows happen for you this year. Unfortunately we have had to take the very difficult decision not to run our events in…

  • Created by: Kathy Jones
  • Tags: money 2020, fintech, amsterdam, europe, rai

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