Part of the CustodyStress archive of observed Bitcoin custody incidents
CS-01342
Estate access failure — hardware wallet (2025)
IndeterminateCase description
A 2025 estate case described by a Minnesota probate attorney involved a holder whose estate included a reference to 'the Bitcoin account at the bank' in their will. Investigation revealed the holder had participated in a Bitcoin IRA through a custodian and also held self-custody Bitcoin on a hardware wallet. The 'account at the bank' was the Bitcoin IRA, which the attorney handled through normal financial account procedures. The hardware wallet—which the family found but could not unlock, as neither the PIN nor the seed phrase was documented—remained inaccessible. The family had to choose between an extensive specialist recovery attempt and abandoning the hardware wallet contents.
Custody context
| Stress condition | Documentation absent |
| Custody system | Hardware wallet (single key) |
| Outcome | Indeterminate |
| Documentation | Unknown |
| Year observed | 2025 |
| Country | United States |
Structural dependencies observed
What this illustrates
There was only one way in. When that path was gone, so was access. It's not clear whether anyone ever regained access.
Outcome interpretation
Not enough information is available to determine the outcome.
Source
Privately Reported
Evidence type
News article
Related cases involving documentation absent
193 cases involve documentation absent
274 cases involve hardware wallet (single key)
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This archive documents observed custody survivability failures. It does not attempt to document all Bitcoin losses or security incidents.
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Framework references
Where Bitcoin Custody Intersects Legal and Fiduciary Authority
Where custody creates gaps in estate planning, fiduciary duty, and professional responsibility.
Professional Scope Boundary Matrix
What each professional or product covers, what they do not, and where gaps form between them.
The Independent Assessment Layer in Bitcoin Custody
How independent diagnostic layers emerge when multiple parties depend on shared infrastructure.
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