A new casting call is seeking anyone interested in appearing in a reality show about crypto users who are locked out of their wallets.
Specifically, the casting director inquires as to whether cryptocurrency users are willing to utilise all of their remaining tries to get their cash in front of the camera.
Crypto users at the end of their rope may find a way to access tokens that have been locked away through a casting call for an upcoming cable network series, or at the very least, viewers may see some of the alternatives open to them.
With the clock ticking for crypto users who have forgotten their passwords — and likely their seed phrases — or lost their private keys to their wallets, casting director Jessica Jorgensen issued a plea on LinkedIn last month.
To assist customers in regaining access to their cash, the series provides consultations with cryptocurrency and cybersecurity specialists.
In the event that the attempted recovery is not successful, it appears that participants must be prepared to lose access to their coins as a result.
Jorgensen explicitly requests that customers specify how many passwords tries they have left before their accounts are locked, as well as whether or not they are prepared to utilise the remaining attempts with the assistance of experts.
Cryptocurrency holdings may be lost in many ways. According to the April 2020 study by Cane Island digital research firm, BTC will never exceed 14 million because of the various incidents involving users losing keys or accidentally destroying hardware with wallets.
Others may include sending money to the wrong address or failing to transfer the user’s holdings after death.
One of the most well-known — and costly — cases of lost currencies is the case of San Francisco-based programmer Stefan Thomas, who misplaced the password to access his IronKey hard drive, which contained 7,002 Bitcoins (BTC), which was worth $243 million at the time of publishing.
After two failed efforts to guess the right password, Thomas is said to have two more chances before the hard drive’s contents are supposedly irrevocably locked.
Some additional examples of recovered cryptocurrency date back to the early years of Bitcoin’s existence, namely from 2010 to 2011, when the coin was worth pennies and was frequently given away as rewards in online games and tournaments.
Earlier this year, a Redditor claimed to have discovered private keys to more than $4 million in Bitcoin (BTC) that had been gained before to 2012 on an older model Dell computer.
However, since the value of Bitcoin and many other tokens has grown considerably over the last few years, users appear to be becoming more cautious about where they store their seed phrases, passwords, and private keys.
In addition,, many users have shifted away from paper wallets and now utilise metal plates to engrave their seed phrases or private keys, in addition to hardware wallets like as the Trezor and Ledger for cold storage.
Furthermore, holding tokens on exchanges — while they may be subject to hacking and involvement from local governments – provides crypto users with recourse with the platform’s owners in the event that they forget their passwords.