Ex-Ripple CTO Can’t Remember Password to Access $M in Bitcoin

The former chief technology officer of a prominent blockchain company has forgotten the password to a fortune in bitcoin.

• Almost a decade ago, Stefan Thomas, the former CTO at blockchain company Ripple Labs, was given 7, bitcoins worth $2-$6 each for making a cryptocurrency explainer video, reports the New York Times.
• The bitcoin had been stashed away in a digital wallet and Thomas has used eight of his most frequently used passwords in an attempt access his IronKey hard drive and his now multimillion-dollar fortune but has had no luck.
• Two attempts now remain before the device auto-encrypts its contents, leaving Thomas’ fortune in limbo. Just call it Schrödinger's bitcoin.
• “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,” added Thomas.
• Bitcoin prices have climbed from  $10, to $41, over the past three months. The price of bitcoin was at $34, at the time of publication, making Thomas' inaccessible stash worth an estimated $ million.
• It seems Thomas will have to HODL on for a little while longer until he finds a way to access the bitcoin.

Read more: Meet the Man Who Will Hack Your Long-Lost Bitcoin Wallet for Money