While the price of Bitcoin dropped sharply on Monday, it is still up more than 50 percent from just a month ago, when it passed its previous all-time high of around $20,000. The password will let him unlock a small hard drive, known as an IronKey, which contains the private keys to a digital wallet A wallet is a device (a hardware device, a program, or servi. “Stefan Thomas, a German-born programmer living in San Francisco, has two guesses left to figure out a password that is worth, as of this week, about $220 million. Um, for $220M in locked-up Bitcoin, you don’t make 10 password guesses but take it to professionals to buy 20 IronKeys and spend six months finding a side-channel or uncapping.

The full thread was found here but is no longer available. On Tuesday, Jevans commented on Thomas’s situation in a Twitter conversation with Alex Stamos, former CISO at Facebook. Jevans is helping with the investigation to recover Thomas’s private keys, an endeavor made challenging by the highly attack-resistant IronKey that Jevans and his team designed to protect crypto keys. IronKey was funded by the US Department of Homeland Security in 2006 and co-founded by Dave Jevans, CEO of CipherTrace. “The World’s Most Secure Flash Drive” would rather die than give up its secrets, thanks to a series of built-in protections. This is because Thomas holds the private keys to his bitcoin wallet A Bitcoin wallet is a physical device or software program th. Stefan Thomas is two failed password attempts away from losing the private keys to $220 million worth of bitcoin The term 'Bitcoin' can either refer to Bitcoin the network.

Ironkeys