AFTER Matthew Mellon, scion of the Mellon banking fortune, died on April 16 of a drug-related heart attack in Mexico, his family was unable to locate the pass code needed to retrieve his fortune — said to have been worth as much as $1 billion — in XRP cryptocurrency, according to the Daily Mail.
Losing passwords is the kind of nightmare that haunts bitcoin investors. In fact, there are an estimated three million bitcoins — totalling nearly $33 billion — lost because the retrieval codes have gone missing or the currency owners died without passing the codes onto their next of kin. Just ask James Howells — who lost a hard drive with the key to more than $79 million in bitcoin.
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