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What crypto wallets are forever gone?

19 September 2025 г.

What crypto wallets are forever gone?

Somewhere between 2.6 and 3.8 million BTC are lost or unlikely to be moved. This is approximately 13–18% of the total volume.

We have collected for you the loudest stories of BTC wallet losses:

  • In 2013, James Howells threw away a hard drive containing 7,500 bitcoins.
  • American programmer Stefan Thomas forgot the password for his IronKey, and ended up losing 7,002 bitcoins.
  • Gerald Cotten died in 2018. He was the founder of the QuadrigaCX exchange and all his savings are lost because no one knows the passwords to his wallets.
  • Gabriel Abed - founder of a blockchain technology company lost about 800 bitcoins because his laptop broke and he did not make backup copies.
  • Politician David Arakhamia lost 400 bitcoins after he deleted a file with keys.

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About the author

Alexander Martavchuk

Alexander Martavchuk, Head of Research, AlfaBit

An economist with 25 years of professional experience and a cryptanalyst. Since 2019, he has led AlfaBit’s analytical department, focusing on fundamental analysis of cryptoassets, tokenomics, macroeconomic research, and on-chain analytics. Previously served as CFO in international trade; private investor since 2015.

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