The German authorities are unable to access the 1,700 BTC cryptocurrency wallet owned by a convicted hacker because the owner did not disclose the private key with them.
According to a Reuters story, German law enforcement agencies have seized a cryptocurrency wallet that stores 1,700 Bitcoins worth over $67 million at the present exchange rate. The hacker was sentenced to imprisonment and has already completed his sentence. However, he still declines to provide information to access the wallet.
Police have repeatedly tried to crack the password to access the 1,700 Bitcoins, according to a Kempten prosecutor.
“We asked about the password, but he doesn’t say it,” said prosecutor Sebastian Murer. “Maybe he doesn’t know it.”
The fraudster was punished with more than two years in prison for installing concealed cryptocurrency miner devices on victims’ computers. According to the publication, “prosecutors have done procedures so that the hacker will not be capable of accessing the BTC in mind.”
In December, a story of a user appeared on Reddit who recovered the password to a Bitcoin wallet that had stored 125 BTC since 2011. And in January it became known that the computer scientist Stefan Thomas had lost the password from a protected drive that stores the private keys to his wallet containing 7,000 BTC. He had only two attempts to guess the password.
