๐๐จWhen a Forgotten Password Costs $240 Million ๐ฐ๐
In 2011, programmer Stefan Thomas earned 7,002 Bitcoins for creating a simple tutorial video. ๐ฅBack then, it was just โinternet moneyโ with little valueโฆ so he stored it on a secure hard drive. ๐พ
But hereโs the chilling twist: That drive is locked with a password he forgot. ๐โ.He has only 10 attempts before it self-encrypts forever. โณ After 8 wrong guesses, just 2 chances remainโand if he fails, $240 MILLION ๐ฐ disappears into digital darkness. ๐
This isnโt just his storyโฆ itโs a hard warning for everyone in crypto. โ ๏ธ
LESSON:
1.In crypto, your keys = your money. ๐๏ธ
2.One mistake can erase a lifetime fortune. ๐
3.Secure your seed phrases like your future depends on it. ๐ก๏ธ
๐ If $240M of your future was trapped behind a forgotten passwordโฆ Would you take the risk on your last 2 guesses ๐ฒ, or accept itโs gone forever? ๐จ
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