A friend of mine had some Bitcoin on his phone a couple of years ago and he's lost that phone which stored the private keys on without any other backup. We can see his balance on the blockchain and he knows his password for the private keys. Is there a way of creating the private key from the bitcoin address and the known password?
Well say goodbye to his bitcoin because without the private keys he wont be able to retrieve those coins. Keep in mind that we need to back up the private keys to be able to retrieve the coins that we have.