Ripple’s former Chief Technology Officer (CTO) Stefan Thomas 7,002 Bitcoins faced losing. The value of 7,002 Bitcoins locked on an IronKey hard drive is approximately $244 million as of the time of writing this report.
Crypto Recovery Firm Offers Solution to Former Ripple CTO’s $244 Million Bitcoin Conundrum
However, with only two password attempts remaining, Thomas risks permanently losing access to this significant fortune.
Crypto recovery firm ‘Unciphered’ offered to help Thomas unlock IronKey in a letter.
The hard drive, a security measure designed to erase data after ten incorrect password entries, presented a formidable obstacle for Thomas. Time is running out for Thomas, who has completed eight of his ten attempts.
Unciphered claims that its team has developed a method to bypass the device’s security measures and gain secure access to stored BTC keys.
This claim is supported by a recent Wired report detailing how the company managed to breach a similar IronKey after a staggering “200 trillion attempts.”
Unciphered explains: “While there are always caveats, this is not theoretical. We can do this; We’ve done it many times before and we can do it again.
You don’t have to take our word for it; we’ll be happy to demonstrate it on as many examples as necessary for you and everyone else to feel confident before moving forward.”
*This is not investment advice.
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