Tag Archives: passwords

Lost or forgotten passwords to bitcoin and cryptocurrency accounts typically lead to money that cannot be accessed, and according to German prosecutors, this appears to have hindered a recent case of criminal fraud involving bitcoin mining.Lost Passwords Remain a Serious IssueAt the time of writing, law enforcement agents in Germany are holding a man – who currently remains anonymous – that has stored as many as 1,700 bitcoin units in a specific account. The big clincher is that the man...

Recently, Live Bitcoin News put out a story discussing how many people have potentially lost their passwords and thus cannot access the mega bitcoin stashes they’ve collected over the years. According to billionaire investor and former hedge fund manager Mike Novogratz, this isn’t likely to occur again anytime soon.Mike Novogratz: When the Price Is This High, People Won’t ForgetOne of the big problems with bitcoin and crypto in general is that it can be easy to lose one’s login information,...

One of the big problems with cryptocurrency is that it requires long and extensive passwords to remain secure. Owners of digital currency have often come across this issue. They forget their passwords and cannot access their funds, and as a result, these funds get locked up or lost forever. For Stefan Thomas, the problem is even bigger considering it’s keeping him from gaining access to well over $200 million in bitcoin at press time.Losing Passwords Usually Leads to Lost BTCBorn in Germany...