{"id":34641,"date":"2021-01-13T12:14:03","date_gmt":"2021-01-13T10:14:03","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=34641"},"modified":"2025-08-28T21:33:11","modified_gmt":"2025-08-28T18:33:11","slug":"former-ripple-cto-stefan-thomas-reveals-loss-of-access-to-7002-btc-wallet","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/former-ripple-cto-stefan-thomas-reveals-loss-of-access-to-7002-btc-wallet\/","title":{"rendered":"Former Ripple CTO Stefan Thomas reveals loss of access to 7,002 BTC wallet"},"content":{"rendered":"<p>Former Ripple CTO and Coil CEO Stefan Thomas has two attempts left to regain access to the wallet containing 7,002 BTC. He told <a href=\"https:\/\/www.nytimes.com\/2021\/01\/12\/technology\/bitcoin-passwords-wallets-fortunes.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">The New York Times<\/a>.<\/p>\n<p><!--more--><\/p>\n<p>According to Thomas, he lost the password sheet for his IronKey hardware wallet several years ago. With it he lost access to 7,002 BTC (~$236 million at the time of writing).<\/p>\n<p>The former Ripple tech chief tried eight times to guess the password, but without success. After the tenth failed attempt, IronKey will lock the contents forever.<\/p>\n<p>Thomas has kept his wallet in secure storage, hoping cryptographers will devise new ways to crack such passwords.<\/p>\n<p>Chainanalysis data show that about $140 billion in bitcoin, or 20% of the existing 18.5 million BTC, is held in lost or forgotten wallets.<\/p>\n<p>Earlier, a Reddit user <a href=\"https:\/\/u1f987.com\/en\/news\/user-regains-access-to-4-million-worth-of-bitcoin\">restored<\/a> access to a wallet containing 127 BTC that had been lost for several years.<\/p>\n<p>Follow ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog Feed<\/a> \u2014 full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former Ripple CTO and Coil CEO Stefan Thomas has two attempts left to regain access to the wallet containing 7,002 BTC. He told The New York Times.<\/p>\n","protected":false},"author":1,"featured_media":34642,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1142],"class_list":["post-34641","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-cryptography"],"aioseo_notices":[],"amp_enabled":true,"views":"27","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34641","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=34641"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34641\/revisions"}],"predecessor-version":[{"id":34643,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34641\/revisions\/34643"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/34642"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=34641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=34641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=34641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}