Literally saw this happen at our Meetup this week. Guy that had been in Bitcoin since 2012 used a paper wallet service he had “always” used.
Sent 9 BTC and it was swept.
He never stayed current with how to secure his BTC. Last I heard, he is now trying to get the FBI involved. nostr:note1cgqtjz7fvc5gjeytqj46wvljyx2wwt5d5kfh55qzvu59c3tvpahqwea4lu
Brutal. You have to keep up with the times.
Paper wallet?!! God forbid!
Being early into Bitcoin can also be a curse, because you can think you're smart and more competent than reality
Holy shit. 😨
Mix Border wallet, with NFC tag, with hardware wallet, with a paper wallet, to get your multi sig. Everyone seems to be of the opinion that tech breaks or becomes obsolete. But no one seems to think that having analogue backups can be a part of your main security model. Very odd, imo.
I believe it was one of the online paper wallet generators that changed hands years back.
Yeah, if it's a single sig it's one point of failure. Multisig with borderwallet or paper analogue back ups is my advocacy. But, in this particular case smaller tramsaction size and open scource vetting or compliling the code yourself is really your only option. Brutal cautionary tale.
Mad
If you have half a million dollars worth of bitcoin, take a week off from work and study multisig.
that's a bummer
Remember this story? Latest from him is he has gone through a couple lawyers that offer recovery services and is now working with some outfit out of New York and the FBI. He's dropped another $10k on this in hopes of recovering those 9 BTC.
