Startup Offers To Help Former Ripple Exec Stefan Thomas Recover $244M In Bitcoin
Portfolio Pulse from Murtuza Merchant
Cryptocurrency recovery firm Unciphered has offered to help Stefan Thomas, former CTO of Ripple, recover an estimated $244 million worth of Bitcoin from a locked hard drive. The firm claims to have discovered a vulnerability that allows them to access the device. This highlights a broader issue in the crypto world, with nearly 20% of Bitcoin's supply estimated to be inaccessible due to lost access.
October 26, 2023 | 2:10 pm
News sentiment analysis
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NEUTRAL IMPACT
The news highlights the issue of inaccessible Bitcoin due to lost access, which could potentially affect the perceived security and usability of Bitcoin.
While the news does not directly impact Bitcoin's price, it highlights a significant issue in the crypto world - the inaccessibility of a substantial portion of Bitcoin due to lost access. This could potentially affect the perceived security and usability of Bitcoin, which might influence investor sentiment.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
The news involves Stefan Thomas, the former CTO of Ripple, but does not directly impact Ripple or its cryptocurrency XRP.
The news involves Stefan Thomas, the former CTO of Ripple, but it does not directly impact Ripple or its cryptocurrency XRP. The focus of the news is on the recovery of Bitcoin, not on Ripple or XRP.
CONFIDENCE 90
IMPORTANCE 30
RELEVANCE 50