Part of the CustodyStress archive of observed Bitcoin custody incidents
CS-01088
The owner had 10 USD in the standard wallet but substantial holdings in
SurvivesCase description
A case documented by KeychainX in August 2022 described a client who had forgotten the passphrase to a hidden wallet on a Trezor hardware device. The owner had 10 USD in the standard wallet but substantial holdings in a passphrase-protected hidden wallet. Recovery required building custom GPU-accelerated brute-force tooling running 8 x 1080Ti graphics cards at 240,000 password attempts per second—1,000x faster than existing open-source tools. The recovery ultimately succeeded using hints provided by the owner.
Custody context
| Stress condition | Passphrase unavailable |
| Custody system | Hardware wallet (single key) |
| Outcome | Survives |
| Documentation | Unknown |
| Year observed | 2022 |
| Country | International |
Structural dependencies observed
Outcome interpretation
Access remained possible under the reported conditions.
Source
Publicly Reported
Evidence type
News article
Related cases involving passphrase unavailable
217 cases involve passphrase unavailable
274 cases involve hardware wallet (single key)
View archive statistics →
This archive documents observed custody survivability failures. It does not attempt to document all Bitcoin losses or security incidents.
Submit a case
← All cases
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.
Translate