Lost Fortune: The Forgotten Password
A programmer named Stefan Thomas once received 7,002 bitcoins as payment for a job. He stored them in a secure digital wallet, but unfortunately, he forgot the password to access it. The wallet allows only 10 password attempts before permanently locking. Stefan has already used 8 out of 10 tries—if he guesses wrong two more times, the bitcoins will be lost forever.
At various points, the value of those bitcoins reached hundreds of millions of dollars, but to this day, he still can’t access them.
It’s a powerful reminder of how crucial password management is in the crypto world.
