The former Ripple chief technology officer Stefan Thomas lost access not only to his wallet but also to hundreds of Bitcoin accounts. His successor David Schwartz рассказал on Quora.
Earlier Thomas said that used eight of ten attempts to crack the password to a wallet with 7002 BTC (~$252 million at the time of writing).
According to Schwartz, the former Ripple CTO indeed transferred the funds to a wallet. However the post’s author doubted that the amount could be that large.
«I think today Thomas’s bitcoins are worth about $114 million. I don’t know where the $240 million figure came from — perhaps I misremember,» Schwartz wrote.
The current Ripple tech chief noted that Thomas also lost access to hundreds of coins during the development of the JavaScript library for Bitcoin. At that time the asset was worth less than a dollar.
«He was creating unspent outputs using Bitcoin “1.0”, because it was the fastest and simplest number to enter,» Schwartz explained.
The Ripple tech chief suggested that during experiments Thomas opened hundreds of accounts with 1 BTC each, but did not save keys to any of them.
Schwartz recalled how he himself nearly lost a substantial amount of cryptocurrency by forgetting the password to an account in the first Bitcoin casino. He managed to recover 7.5 BTC using the recovery feature.
Earlier, in November 2020, the Ripple CTO recounted the loss of $300 000 on investments in obscure altcoins.
Subscribe to ForkLog news on Facebook!