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 Trump stayed in Washington this weekend amid speculation that a deal with Iran is imminent.

Trump says Iran deal announcement coming ‘shortly’

President Donald Trump shakes hands with New York GOP Rep. Mike Lawler at a campaign event in Rockland County. (Brendan Smialowski/AFP via Getty Images)

Trump tests midterm coattails with visit to Lawler’s ‘Harris district’

Sen. John Cornyn, R-Texas, talks with reporters after a Senate Budget Committee markup on Wednesday, May 20, 2026. President Donald Trump endorsed Cornyn’s opponent Ken Paxton in the Texas Senate primary.

Ad in Texas GOP Runoff Attacks Cornyn on Immigration, Islam

House Oversight and Government Reform Chairman James R. Comer, R-Ky., is leading an inquiry into prediction markets.

Prediction markets put under spotlight by House Oversight panel

Director of National Intelligence Tulsi Gabbard testifies during a Senate Intelligence Committee hearing on global threats on March 18.

Tulsi Gabbard out as DNI but Trump doesn’t tee up a confirmation fight

Rep. Ro Khanna, D-Calif., is seen in the Senate subway on Dec. 9. (Tom Williams/CQ Roll Call)

Dems see ‘missed opportunity’ in Trump resisting Xi’s Hormuz help