Skip to content
RollCall logo

Podcasts

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.
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)
By Chris Brummer and Evan Campbell
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.

More podcast content

Show Notes:

Recent Stories

President Donald Trump speaks with King Charles III during a state banquet at Windsor Castle in September 2025. Charles will be in Washington to address Congress and participate in a state dinner on Tuesday. (Yui Mok/Getty Images)

This week: King Charles to address Congress amid a packed legislative agenda

Katie Miller and Stephen Miller are escorted out after an incident at the annual White House Correspondents' Association Dinner on Saturday in Washington, DC.

Shooting cuts short Trump appearance at White House media gala

‘When the dealin’s done’  — Congressional Hits and Misses

HHS Secretary Robert F. Kennedy Jr. testifies before the Senate Health, Education, Labor and Pensions Committee on Wednesday.

Lawmakers buck calls to defund low-income heating program

Kevin Warsh, nominee for chairman of the Federal Reserve, testified to the Senate Banking Committee on Tuesday.

DOJ drops investigation into Fed’s Powell

A worker navigates the scaffolding outside the Russell Senate Office Building with the Capitol dome in the background on Monday. (Tom Williams/CQ Roll Call)

Photos of the week | April 17-23, 2026