Meet the Father and Son Team Breaking Into Crypto Wallets

Close your eyes. Imagine it's 2010. You’ve just learned about something called Bitcoin, a cryptocurrency. You spend $50 and get 50 of the coins, thinking the whole thing is funny. Cut to 2022. What you spent around 50 bucks on in 2010 is now worth 2 million dollars.

There’s just one problem. You need a password to access that 2 million and 2010 was a long time ago. It’s a problem plaguing the world of cryptocurrency: an epidemic of millionaires unable to access their cash. But there are options.

To deal with the problem, a cottage industry of asset recovery specialists has emerged. One is Crypto Asset Recovery, a startup run by a father-son team in New Hampshire.

They are Chris and Charlie Brooks and they are here with me today to talk about the business of breaking in.

Chris and Charlie also appeared on an episode of Motherboard’s TV show Cryptoland, which you can stream at YouTube.com/motherboard.

We’re recording CYBER live on Twitch. Watch live during the week.  Follow us there to get alerts when we go live. We take questions from the audience and yours might just end up on the show.

Subscribe to CYBER on Apple Podcasts or wherever you listen to your podcasts.

Hosted on Acast. See acast.com/privacy for more information.