In response, Uniciphered plans to publish an open letter to Thomas, alongside a video, both with the intention of changing his mind. He said “I’m no longer free to negotiate with someone new,” but added that it’s possible Unciphered could be subcontracted by the two already hired teams. He told Wired he has “been working with a different set of experts on the recovery” for a year now and that they have already been promised a cut of the bitcoin. Thomas received the Bitcoin in 2011 for creating a video titled ‘What is Bitcoin?’ However, shortly thereafter, he lost the piece of paper on which he’d written the password. Since then, he’s used up eight of the 10 password attempts afforded to him by the IronKey before it erases the keys - and access to the fortune - forever.īut this month, through a mutual associate, Unciphered reached out to Thomas to inform him they had successfully unlocked a 2011-era IronKey drive and asked if they could unlock his drive of the same model. The drive in question belongs to a Swiss crypto entrepreneur named Stefan Thomas. Now, Unciphered says it’s ready to use the same technique on a drive that’s currently locked in a Swiss vault along with 7,002 bitcoin. The only problem is, the drive’s owner doesn’t want it to.Īs reported by Wired, the Seattle-based company says that after eight months of research, it’s managed to develop a process that allowed it access to a so-called IronKey USB thumb drive sent to it by Wired. Unciphered, a cryptocurrency recovery startup says it’s figured out how to crack an encrypted hard drive containing $235 million in bitcoin that has been locked for 12 years.
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