German-born programmer Stefan Thomas told the Times he forgot the password to IronKey, an secure flash drive has access to 7,002 Bitcoin - $220 million worth. IronKey gives users 10 guesses for their passwords before seizing its contents.
"I would just lay in bed and think about it," Thomas told the New York Times Nathaniel Popper. "Then I would go to the computer with some new strategy, and it wouldn't work, and I would be desperate again."
quite surprised by this news because his Bitcoin trapped in his hardware wallet is very much. Don't underestimate your private key and password, if you haven't prepared the best place (easy to remember and reach) to store your private key and password then
do it right now..
https://markets.businessinsider.com/currencies/news/programmer-locked-out-220-million-in-bitcoin-forgotten-password-2021-1-1029961378Well, that's unfortunate. They always said, "NO keys not your coins" that is why it is necessary to store your keys in a safe place as much as possible to make a backup pass so that if one loses you still gonna have your copy. $22 million was quite big and having that big amount requires more care. Another Bitcoin once again locked in a wallet with no one can make use of it. You don't want to place it in easy to reach but also mind of placing it on a secured place for not to be accessed by anyone.