Ex-Ripple CTO Can’t Remember Password to Access $240M in Bitcoin

• Almost a decade ago, Stefan Thomas the former CTO at blockchain company Ripple Labs was given 7,002 bitcoins worth $2-$6 each for making a cryptocurrency explainer video, reports the New York Times.
• The bitcoin has been stashed away in a digital wallet and Thomas has used eight of his most frequently used passwords in an attempt access his IronKey hard drive and his now multi-million-dollar fortune but has had no luck.
• Two attempts now remain before the device auto-encrypts its contents leaving Thomas’ fortune in limbo. Just call it Schrodinger's bitcoin.
• “I would just lay in bed and think about it," Thomas told the New York Times. "Then I would go to the computer with some new strategy, and it wouldn’t work, and I would be desperate again,” added Thomas.
• Bitcoin prices have climbed from  $10,000 to $41,000 over the past three months. The price of bitcoin was at $34,290 at the time of publication, making Thomas' inaccessible stash worth an estimated $240 million.
• It seems Thomas will have to HODL on for a little while longer until he finds a way to access the bitcoin.

Read more: Meet the Man Who Will Hack Your Long-Lost Bitcoin Wallet for Money