Bitcoiner Loses Password to 7,002 Bitcoins Worth $240 Million
A bitcoiner has shared his story of how he lost access to his 7,002 bitcoins, worth about $240 million at the current price. He has lost the piece of paper on which he wrote his password and now has two guesses left before his device seizes up and encrypts its contents forever. 7,002 Bitcoins Worth $240 Million at Stake Stefan Thomas, a German-born programmer living in San Francisco, has been unable to access his 7,002 bitcoins, which is worth almost $240 million at the current price, the New York Times reported Tuesday. He stored the private key for his bitcoins on a small, encrypted hard....
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Reddit user sockinabox recently awoke to an email from Mt. Gox informing him that his funds had been withdrawn. About $12,000 of his personal funds are now gone with absolutely no way for the rightful owner to recover them. Just like the many times before that this has happened and been reported on bitcoin, Mt. Gox's email support is unresponsive which only adds to the frustration. However, even if Mt. Gox responded to every email they received about stolen funds, can they actually do anything to recover funds that have already been stolen? Any Bitcoiner will realize that once the coins....
A bitcoin user has shared his story of how he lost more than $100,000 in BTC during a wallet transfer. The bitcoiner attempted to transfer a wallet to a new computer without making sure that he had access to the encryption passwords tied to his private key storage. Password Manager Didn’t Store Passphrases Needed to Access His Private Keys According to the testimony published on Reddit, the crypto user known as “Onnar” claimed to have lost access to 2.6 BTC from the transfer of his wallet to a new computer acquired during the Christmas holidays. He wiped the hard disk of....
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