An interview with the developer who owns $400 million in Bitcoin — but forgot his password

Fintech Beat, Ep. 85

At the time Coil CEO Stefan Thomas realized he forgot the password to his Bitcoin wallet, it was valued at $148,000. Since then, that number has ballooned into the hundreds of millions with the rise of Bitcoin's value.  (Sheldon Cooper/SOPA Images/LightRocket via Getty Images)
At the time Coil CEO Stefan Thomas realized he forgot the password to his Bitcoin wallet, it was valued at $148,000. Since then, that number has ballooned into the hundreds of millions with the rise of Bitcoin's value. (Sheldon Cooper/SOPA Images/LightRocket via Getty Images)
Posted March 9, 2021 at 4:00am

Coil CEO Stefan Thomas talks to Chris Brummer about how he stored 7,002 Bitcoins in a digital wallet, only to forget the password. Plus, what lessons he thinks his case holds for the crypto industry.

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