In other words, Stefan Thomas has only one way to regain possession of his private keys, and that is to find out which password unlocks his IronKey.įor this reason, the way he has chosen to store his private keys is not one of the best. This means that if you don’t have a password to access your data, it’s completely inaccessible, or indecipherable. IronKey is a Microsoft-certified USB flash drive for Windows designed for high security. IronKey is a brand owned by Kingston Digital, the flash memory subsidiary of Kingston Technology Company. The developer has already tried eight times and failed, so he only has two attempts left. The IronKey only allows the user to enter a password ten times, after which it becomes inaccessible. Thomas lost the paper on which he had saved this password, and now he can no longer remember it. So in order to access and read this data, it must be decrypted using the password that has been set on the device. The fact is that this device stores the data encrypted so that it cannot be deciphered by anyone. Unfortunately, Thomas did not register and store the seed or the private keys of his wallet so that they could be easily recovered, but instead he saved them on this password-encrypted device.Ĭertainly, they are secure when stored on the IronKey, but then again, they are too secure since even he cannot recover them. IronKey is in fact the name of the encrypted storage device used by Thomas to store the private keys of his wallet. In the last few days, IronKey has been talked about a lot because of the story of Stefan Thomas, the computer developer who risks losing 220 million in bitcoin because he lost his password.
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