Yuki and Art Williams, who purchased 3,000 Ethereum coins back in 2014, can not open their crypto wallet. According to the family, the JSON file that is essential for accessing their $5.8 million has not been downloaded.
In search for Help
According to the American media 7news, the Washington DC family Yuki and Art Williams possess 3,000 ETH coins in their crypto wallet. The wife and husband cannot see the assets and can not access them. The couple insisted that when they bought the assets in 2014, the JSON file was never downloaded. Art Williams stated:
” The instructions said to turn off your computer for at least an hour and half, and then wait until the progress bar indicated that the JSON file would be populating. Unfortunately for us, it did not appear.”
The wallet has $5.8 million. This is based on today’s prices. 7news was told by Mr. Williams that the Ethereum Foundation had promised to fix the problem and send him a backup JSON file. The family is still waiting.
In an attempt to access their funds again, the couple emailed the Foundation based out of Switzerland. They showed proof of purchase and took screenshots of the problem. 7news tried to contact the Ethereum Foundation, but was unsuccessful.
The family’s last move is to hire a Swiss law firm to open a case before a court in Switzerland. The attorneys would insist that the Ethereum Foundation grants a JSON file to this desperate couple.
“Devastating, to say the least. “That’s money that can change your life,” Mr. Williams.
The Man Who Lost Access to 7,002 BTC
Investing with cryptocurrencies is risky due to the volatility of the assets. Investors must also save and protect private keys. If someone loses their private key, it could cause irreversible damage. Such is the case with Stefan Thomas and his bitcoins worth more than $223 million.
As CryptoPotato reported earlier in the year, the resident of San Francisco produced an educational video called “What is Bitcoin?” for another crypto fan and received 7,002 bitcoins for his services.
But Thomas didn’t pay attention to his new holdings, as they had little to no value at that time. He lost the digital keys for the wallet. In the following years, though, BTC’s price exploded, and now the 7,002 coins are worth around $223 million.
The wallet IronKey gives users ten chances to guess their password. Thomas tried eight times so far to access the funds. None of them succeeded. If Thomas fails to access the funds ten times, his wallet will be permanently encrypted.
” I would simply lie down and think about it. The man said that he would then go to the computer and try a new strategy. It didn’t work and he would be desperate again.
To avoid any of these, it is highly recommended to take crypto security seriously. Make sure you always follow these .tips.
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