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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.

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