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Bitcoin Owner Will Lose $260 Million If He Can�t Remember Password - TODAYThere is no way to recover a lost passphrase if All the written copies you made and kept in safe places have been destroyed or lost. Gabriel Abed, 34, an entrepreneur from Barbados, lost around Bitcoin � now worth around $25 million � when a colleague reformatted a laptop. Stefan Thomas lost the password to an encrypted USB drive holding bitcoins. One team of hackers believes they can unlock it�if they can.