Unciphered Offers to Unlock Former Ripple CTO’s $244M Bitcoin Hard Drive

Advanced Cryptocurrency Recovery Solutions company Unciphered is proposing to unencrypt an encrypted hard drive containing 7,002 bitcoins worth $244 million that has long escaped its owner, according to the New York Times.
Unciphered Offers to Unlock Former Ripple CTO's $244M Bitcoin Hard Drive

Advanced Cryptocurrency Recovery Solutions company Unciphered is proposing to unlock an encrypted hard drive containing 7,002 bitcoins worth $244 million that its owner, former Ripple CTO Stefan Thomas, has long been unable to access.

Unciphered, situated in Florida, stated in an open letter on October 25 that its specialists are likely to have the technological tools to crack Thomas’ IronKey drive without triggering a permanent lockout.

Years ago, Thomas famously forgot the password to the drive. After 10 unsuccessful password attempts, the device completely deletes all data, and he has already used eight.

In 2021, the drama went global after a New York Times profile disclosed Thomas’ multi-million-dollar dilemma. He kept the bitcoin when it was worth pennies in 2011, only to witness its value explode over the next decade.

Unciphered claims that for a Wired piece, it successfully recovered data from a comparable IronKey disk by trying “200 trillion passwords” over various offline servers. This enabled more than ten guesses without bricking the device.

According to CEO Eric Michaud, his team recovered some drive data and brute-forced several password permutations across clones. He believes the same method can be used to reclaim Thomas’ crypto riches.

According to him:

“While there are always caveats, this is not theoretical,” Unciphered writes in his letter. “We can do it; we have done it before.” And we’ll be able to do it again.

The organization stated that it already had a viable business retrieving lost cryptocurrency and that it would gladly demonstrate its cracking talents to Thomas without risk.

Michaud declined to say whether Unciphered will seek Thomas for payment to finish the project. Regardless, the corporation looks to be determined to unlock the bitcoin.

“We’re prepared if Stefan doesn’t want to work with us, but we’re hopeful,” Michaud said. “We already have a growing business, and we’ll be here when he’s ready.”

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