San Francisco Man Loses $220M because he couldn’t Remember Bitcoin Password

Photo via Unsplash, @bermixstudio

What would you do with $245 million? Buy a house, or maybe two or three? Pay off debt? Buy a collection of cars? Get your parents a house? Maybe hire Dave Grohl or Ozzy Osbourne to write you a song? Purchase a collection of one-of-a-kind guitars from legendary rock stars? Or you could use it to help the homeless or feed the hungry. Or you could buy a small island, or throw a massive party. Or all of the above!

Whatever you’d do with the money, it would be significant, to say the least. One San Francisco man has likely stopped contemplating questions like these over the past nine years. His name is Stefan Thomas, and he realized back around 2011 that he forgot the password for his Bitcoin wallet that now contains somewhere between $220 – $245 million in Bitcoin. The wallet only allows ten password attempts before wiping it clean, and Thomas only has two tries left. What do you think he should do?



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