Home » Business » Losing a Bitcoin password can cost hundreds of millions
Losing a Bitcoin password can cost hundreds of millions
Fox Business Flash top headlines for January 13
Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com.
Bitcoin can make you extremely rich. But it's worthless for owners who have lost their passwords.
Continue Reading Below
A computer programmer living in San Francisco has only two more chances to guess his password. If he fails, he won’t be able to access Bitcoin that, as of this week, is worth about $220 million, according to the New York Times.
His problem isn’t that unusual. People forget passwords all of the time. But there is typically a procedure provided by a bank or online store to allow you to get back into your account.