Unciphered Team Develops Technique To Crack Decade-Old IronKey Password To Recover $235M In Lost Bitcoin
Portfolio Pulse from Benzinga Neuro
Seattle-based company, Unciphered, has developed a method to crack the password of a decade-old IronKey model, potentially offering a chance to recover a lost fortune of 7,002 Bitcoins (CRYPTO: BTC), worth nearly $235 million. The IronKey belongs to Stefan Thomas, a Swiss crypto entrepreneur, who has lost the password to unlock it. Despite Unciphered's offer to help, Thomas has declined, having already made a deal with two other cracking teams.
October 25, 2023 | 5:02 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
The development of a method to crack the IronKey password by Unciphered could potentially lead to the recovery of 7,002 Bitcoins, worth nearly $235 million. However, the owner of the Bitcoins, Stefan Thomas, has declined their help.
The news is directly related to Bitcoin as it involves the potential recovery of a significant amount of the cryptocurrency. However, the impact on Bitcoin's price is uncertain as the owner of the Bitcoins has declined Unciphered's help. Therefore, the score is neutral.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100