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Millions in Bitcoin inaccessible due to lost password

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Some cryptocurrency holders have the equivalent of millions of dollars, but they can no longer access their account online People who own bitcoins a

 Bitcoin: They forget their password and risk losing millions of dollars


Some cryptocurrency holders have the equivalent of millions of dollars, but they can no longer access their account online


People who own bitcoins are reportedly having difficulty accessing their account because they cannot remember their password. Some of the sums owned would exceed several million dollars, but their acquirers - who often invested in the cryptocurrency before it took off on the stock market - can no longer consult their account online, reports the New York Times.


The problem is significant since only a holder can have access to it with his identification key, since it is not kept on any platform. For some of them, it is therefore impossible to recover their due, as specified by the American daily .


20% of Bitcoins would be inaccessible


An investor is currently experiencing this misadventure since he would have nearly 220 million dollars (or about 180 million euros) in bitcoin equivalent. The New York Times details that he has already tried eight times - out of a total of ten - to identify himself, in vain.


Nearly 140 billion dollars (approximately 115 billion euros) in virtual currency are currently held by individuals in lost or blocked accounts. This amount represents a loss of 20% of the existing 18.5 million bitcoins.


COMMENTS

BLOGGER: 9
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Flash News: Millions in Bitcoin inaccessible due to lost password
Millions in Bitcoin inaccessible due to lost password
Some cryptocurrency holders have the equivalent of millions of dollars, but they can no longer access their account online People who own bitcoins a
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