German programmer about to lose Bitcoins worth $245 million

A San Francisco based German programmer, Thomas has forget his Bitcoin wallet password which store his Bitcoins worth $245 million. Thomas reportedly got 7002 Bitcoins in 2011 and according to the current market value they are worth Rs.1800 crore in INR.

Thomas has forgotten his password and has already exhausted 8 out of the 10 trials in trying to guess the right password and is now currently left with 2 trials only. The Bitcoins are stored in IronKey -a secured Bitcoin wallet which automatically encrypt itself forever if failing to unlock it in 10 attempts and no second chances ever.

According to a survey, around $130 million of real money is stuck in crypto wallets with forgeten passwords which may never be retrieved.