
Crypto User Loses Over $100K in Bitcoin While Transferring His Wallet
A bitcoin user has shared his story of how he lost more than $100,000 in BTC during a wallet transfer. The bitcoiner attempted to transfer a wallet to a new computer without making sure that he had access to the encryption passwords tied to his private key storage. Password Manager Didn’t Store Passphrases Needed to Access His Private Keys According to the testimony published on Reddit, the crypto user known as “Onnar” claimed to have lost access to 2.6 BTC from the transfer of his wallet to a new computer acquired during the Christmas holidays. He wiped the hard disk of....
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The Redditor attempted to transfer a wallet to a new computer without confirming the password to the private keys was accessible. A Redditor has issued a warning to “overconfident” HODLers after losing the password to their crypto wallet by not acting cautiously enough.A Bitcoiner with the username Onnar posted they had lost access to 2.6 Bitcoin (BTC) — roughly $96,400 at the time of publication — while attempting to transfer a wallet to a new computer purchased over the holidays. The user claimed to have formatted the drive of their old system without double checking whether the password....
The cryptocurrency hardware wallet firm Ledger was hacked last June and over a million emails were exposed, according to reports from the company at the time. Months later, the hackers who obtained the Ledger data emailed clients, sent texts to customers, and created phishing links for users to enter their seeds. One customer allegedly lost $50k and during the last week, the company has been getting inundated with complaints on social media. Last Summer’s Ledger Wallet Data Breach Leads to Phishing Scams The Ledger hackers who obtained roughly a million customer emails and possibly....
The crypto wallet, BitKeep, has recently been attacked by hackers. Asia’s most popular cryptocurrency wallet is BitKeep Wallet. According to a tweet from PeckShield, a blockchain security and data analytics company, the amount disclosed exceeded $1 million. BitKeep has, however, quickly informed all its users about the unfortunate hack. It also mentioned that the development […]
The world’s largest bitcoin options exchange, Deribit, was hacked for close to $28 million, according to an update from the company’s official Twitter account on Nov. 2. Deribit says that the firm’s hot wallet was drained just before midnight the day prior. Crypto Derivatives Exchange Deribit Loses $28 Million — Company Says Customer Funds Are Safe and Business ‘Remains in a Financially Sound Position’ In terms of open interest and volume tied to bitcoin (BTC) and ethereum (ETH) options, Deribit has been the leading crypto options exchange for....
It's an especially simplified process for American and Canadian Coinbase users, who can use their debit cards for transfers. On Wednesday, Coinbase launched a new feature, dubbed "Coinbase Pay," that enables its clients to fund their Coinbase Wallets directly from a Chrome browser extension. According to its staff, Coinbase Pay intends to make it intuitive for anyone to participate in decentralized finance, or DeFi, swap tokens on decentralized exchanges, or DEXs, and purchase nonfungible tokens, or NFTs, in just a few clicks. Specifically, they wrote:"Before Coinbase Pay, users who wanted....