"Nobody Knows the Password"... 1 Trillion Won Worth of Bitcoin Vanishes Forever with Tycoon

[Asia Economy Reporter Seoyoung Kwon] After a billionaire who owned 1 trillion won worth of Bitcoin passed away, it was confirmed that he did not leave his password, causing the coins to be lost forever.

On the 2nd (local time), the U.S. investment magazine CBS MarketWatch reported that Mircea Popescu (41), who recently drowned, did not share the password to his Bitcoin with anyone. As a result, no one can access his Bitcoin wallet, causing at least 1 billion dollars worth of Bitcoin to disappear.

Popescu had been investing in Bitcoin since 2011 and founded a cryptocurrency exchange called 'MPEx' in 2012. The value of the Bitcoin he held is known to be about 1 billion dollars. This valuation is based on the recent plummeting Bitcoin price of around 34,000 dollars, whereas in April, it was nearly 2 billion dollars.

However, Popescu was found dead on a beach in Costa Rica last month. The cause of death is presumed to be drowning after being swept away by waves while swimming. Steve Ehrlich, CEO of cryptocurrency company Voyager Capital, stated, "The Bitcoin Popescu held can only be accessed with a private key. However, since he did not leave it behind, it has disappeared forever."

Anthony Pompliano, co-founder of another cryptocurrency company Morgan Creek Digital, said, "We don't know exactly how many Bitcoins he owned, but it was a significant amount," and added, "When this amount of Bitcoin disappears, the value of other Bitcoins will increase."

This content was produced with the assistance of AI translation services.