Thomas lost the paper on which he had saved this password, and now he can no longer remember it. So in order to access and read this data, it must be decrypted using the password that has been set on the device. The fact is that this device stores the data encrypted so that it cannot be deciphered by anyone. Unfortunately, Thomas did not register and store the seed or the private keys of his wallet so that they could be easily recovered, but instead he saved them on this password-encrypted device.Ĭertainly, they are secure when stored on the IronKey, but then again, they are too secure since even he cannot recover them. IronKey is in fact the name of the encrypted storage device used by Thomas to store the private keys of his wallet. In the last few days, IronKey has been talked about a lot because of the story of Stefan Thomas, the computer developer who risks losing 220 million in bitcoin because he lost his password.
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