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Author Topic: Nigerian crypto educator returns $80k in bitcoin recieve by mistake.  (Read 525 times)
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September 18, 2019, 07:22:42 PM
Last edit: September 22, 2019, 09:44:15 PM by CryptopreneurBrainboss
Merited by Lucius (1), Upgrade00 (1), Becky666 (1), Charles-Tim (1)
 #1

This threads is as a respond to the numerous replies on my previous thread; Sad News: Kidnappers now requesting bitcoin as ransom in Nigeria proclaiming everything Nigeria is been associated with negatively. The actual truth is the good/positive incident aren't been circulated like the negative news. The media are mostly interested in painting the country bad. This incident of a bitcoin entrepreneur returing 7.8 BTC (worth around $80,000 when the transaction occurs) is an example we do have good individuals among us. I did follow the development of the story when i saw his tweet informing about the mistake although I'll be linking you guys to a more reliable source.

Keith Mali Chung — the co-founder and president of African blockchain firm Loopblock Network — has returned almost $80,000 worth of Bitcoin (BTC) mistakenly sent to his wallet.

Chung — who goes by the Twitter handle of “Bitcoin Keith (The African Bitcoin Bull)” — tweeted about the incident on Sept. 12:
“I received huge sum of BTC from an unknown sender and it’s definitely a mistake from someone I must have had transaction with before, Kindly DM me time of transaction, your adress and exact digits sent..
thank you. Kindly retweet”

In a further update on Sept. 13, Chung revealed that the exact sum of apparently accidentally transferred Bitcoin was 7.8 BTC — worth $79,482 to press time. He also indicated that the sender who remains anonymous had responded to his request, meaning he was able to return the funds. He explained:

“In Africa, which is where I am situated, 80% we transact Cryptos through WhatsApp escrows and someone who himself and I had business in the past made this huge mistake of sending 7.8BTC into my blockchain wallet. I spread the words round & he reached out.”

Chung’s actions earned him significant social media acclaim and even the moniker of “African/Nigerian good samaritan” on crypto Twitter. Had he failed to identify the sender, he had pledged to donate the accidentally-gotten proceeds to Binance, which organizes a series of philanthropic projects via its charity arm, Binance Charity.  

In conclusion, Nigerians are enthusiast of this currency (bitcoin), Any Nigerian who have encounter the currency and invested wisely can testify it has had more effects in their life than the government had during that timeframe😁 all I'm trying to say is we mean well towards the adoption of the currency. Although this is a story of just one individual, there are many of us out there who would had done the same.





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Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
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September 18, 2019, 08:06:44 PM
 #2

Great that everything worked out so well, but it also shows dangerous Bitcoin can be - one mistake is enough to lose thousands of dollars. I think people should use wallet's feature to label addresses instead of relying only on manual check of addresses. Maybe in the future wallets will have some features for decentralized identity management and we won't even have to deal with addresses anymore.





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September 18, 2019, 08:18:09 PM
 #3

Africa is one of the priority areas for the development of many new projects. For example, Ferrum Network, a project based in Africa, recently signed a partnership agreement with DASH to increase its activity in that region.

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September 18, 2019, 08:41:41 PM
 #4

Well done, Keith Mali Chung! many will follow his good deed.

@muslol67, what's the relation of your post to the topic?

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September 18, 2019, 10:59:35 PM
 #5

The Crypto Educator is building INTEGRITY for himself/herself. Despite the anonymity nature of Bitcoin, he choose to exhibit integrity. His business and other dealings with people will definitely grow because people will trust him more. If we all can exhibit positivism in our deals, we will experience growth in whatever business,etc. we engage in. GOOD ONE!
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September 18, 2019, 11:10:59 PM
Merited by CryptopreneurBrainboss (1)
 #6

I agree with your stance OP.  In every country there are people who are good and bad.  Honestly, I believe there are more good one than bad, its that human nature capitalized on the bad action and make a lot of sounds about it, while if someone do good deeds, news is very quiet about it.  Saying Nigerian people are bad is so biased since the person saying it had not interact with all the people of that country.

Anyway, I kudos to the person who returned $80k worth of Bitcoin, it is a lot of money but he has maintained his integrity.  More blessings to you Keith Mali Chung!!
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September 19, 2019, 12:49:15 PM
 #7

Well done, Keith Mali Chung! many will follow his good deed.

@muslol67, what's the relation of your post to the topic?
Indeed, its because he did the right thing. That is the kind of people we need to respect because of their honesty and nice behavior, it can be the reason why people will adore him. We can really underestimate people on a country without knowing what they can do, we can't judge it just because it was reported negatively.

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September 19, 2019, 01:36:39 PM
 #8

Cryprocurrency has significsntly improved the living standards of people in third world nations, Nigeria inclusive. Bounty campaigns and other jobs like community management has employed youths that before now have been largely unemployed with no major source of income.  Nigerians have been reputed globally as scammers but this goes a long way to prove that not everyone in Nigeria is a scammer.

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September 19, 2019, 02:32:43 PM
Merited by CryptopreneurBrainboss (2)
 #9

There are two kinds of people good and honest people and bad and greedy people. This principle applies to all ages all across different tribes, nationality and religion. This implies that there are good Nigerian and bad Nigerians. The Nigerian educator returning the $80k worth of bitcoin is an example that there are good and honest Nigerian as well as honest cryptocurrency in their area. Even though we are in the modern world there are still discrimination against black people even in the cryptocurrency industry and we can notice it during ICO's and that is black people owned  cryptocurrency are not well being patronized well. The Nigerian educators action is a good sign to somehow clears the discrimination against black people.

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September 19, 2019, 03:09:41 PM
 #10

This threads is as a respond to the numerous replies on my previous thread proclaiming everything Nigeria is been associated with negatively. The actual truth is the good/positive incident aren't been circulated like the negative news. The media are mostly interested in painting the country bad. This incident of a bitcoin entrepreneur returing 7.8 BTC (worth around $80,000 when the transaction occurs) is an example we do have good individuals among us. I did follow the development of the story when i saw his tweet informing about the mistake although I'll be linking you guys to a more reliable source.

Keith Mali Chung — the co-founder and president of African blockchain firm Loopblock Network — has returned almost $80,000 worth of Bitcoin (BTC) mistakenly sent to his wallet.

Chung — who goes by the Twitter handle of “Bitcoin Keith (The African Bitcoin Bull)” — tweeted about the incident on Sept. 12:
“I received huge sum of BTC from an unknown sender and it’s definitely a mistake from someone I must have had transaction with before, Kindly DM me time of transaction, your adress and exact digits sent..
thank you. Kindly retweet”

In a further update on Sept. 13, Chung revealed that the exact sum of apparently accidentally transferred Bitcoin was 7.8 BTC — worth $79,482 to press time. He also indicated that the sender who remains anonymous had responded to his request, meaning he was able to return the funds. He explained:

“In Africa, which is where I am situated, 80% we transact Cryptos through WhatsApp escrows and someone who himself and I had business in the past made this huge mistake of sending 7.8BTC into my blockchain wallet. I spread the words round & he reached out.”

Chung’s actions earned him significant social media acclaim and even the moniker of “African/Nigerian good samaritan” on crypto Twitter. Had he failed to identify the sender, he had pledged to donate the accidentally-gotten proceeds to Binance, which organizes a series of philanthropic projects via its charity arm, Binance Charity.  

In conclusion, Nigerians are enthusiast of this currency (bitcoin), Any Nigerian who have encounter the currency and invested wisely can testify it has had more effects in their life than the government had during that timeframe😁 all I'm trying to say is we mean well towards the adoption of the currency. Although this is a story of just one individual, there are many of us out there who would had done the same.

I can vouch for Nigerians  that they are good people, I'm not a Nigerian and had a lot of Nigerian friends and bad and good people exist in every country, it should not be associated to one nationality alone, going back to the Nigerian crypto educator who returns $80k in bitcoin received by mistake,  it's a good marketing for Bitcoin $80k is a big amount, and it will go higher because of Bitcoin's potential in the market.

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September 19, 2019, 03:13:51 PM
 #11

This threads is as a respond to the numerous replies on my previous thread proclaiming everything Nigeria is been associated with negatively. The actual truth is the good/positive incident aren't been circulated like the negative news. The media are mostly interested in painting the country bad. This incident of a bitcoin entrepreneur returing 7.8 BTC (worth around $80,000 when the transaction occurs) is an example we do have good individuals among us. I did follow the development of the story when i saw his tweet informing about the mistake although I'll be linking you guys to a more reliable source.

Keith Mali Chung — the co-founder and president of African blockchain firm Loopblock Network — has returned almost $80,000 worth of Bitcoin (BTC) mistakenly sent to his wallet.

Chung — who goes by the Twitter handle of “Bitcoin Keith (The African Bitcoin Bull)” — tweeted about the incident on Sept. 12:
“I received huge sum of BTC from an unknown sender and it’s definitely a mistake from someone I must have had transaction with before, Kindly DM me time of transaction, your adress and exact digits sent..
thank you. Kindly retweet”

In a further update on Sept. 13, Chung revealed that the exact sum of apparently accidentally transferred Bitcoin was 7.8 BTC — worth $79,482 to press time. He also indicated that the sender who remains anonymous had responded to his request, meaning he was able to return the funds. He explained:

“In Africa, which is where I am situated, 80% we transact Cryptos through WhatsApp escrows and someone who himself and I had business in the past made this huge mistake of sending 7.8BTC into my blockchain wallet. I spread the words round & he reached out.”

Chung’s actions earned him significant social media acclaim and even the moniker of “African/Nigerian good samaritan” on crypto Twitter. Had he failed to identify the sender, he had pledged to donate the accidentally-gotten proceeds to Binance, which organizes a series of philanthropic projects via its charity arm, Binance Charity.  

In conclusion, Nigerians are enthusiast of this currency (bitcoin), Any Nigerian who have encounter the currency and invested wisely can testify it has had more effects in their life than the government had during that timeframe😁 all I'm trying to say is we mean well towards the adoption of the currency. Although this is a story of just one individual, there are many of us out there who would had done the same.

Wow its unbelievable, such an awesome and honest person. I cant believe there's a person like him now, a big big amount of money return to the owner its not easy to do it,  but to those people who are honest only. Such a great guy to give an award of appreciation.He is very much lucky because he will reap more than he does in the life of others. That favor upon favor will come to him.
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September 19, 2019, 03:16:59 PM
 #12

This threads is as a respond to the numerous replies on my previous thread proclaiming everything Nigeria is been associated with negatively. The actual truth is the good/positive incident aren't been circulated like the negative news. The media are mostly interested in painting the country bad. This incident of a bitcoin entrepreneur returing 7.8 BTC (worth around $80,000 when the transaction occurs) is an example we do have good individuals among us. I did follow the development of the story when i saw his tweet informing about the mistake although I'll be linking you guys to a more reliable source.

Keith Mali Chung — the co-founder and president of African blockchain firm Loopblock Network — has returned almost $80,000 worth of Bitcoin (BTC) mistakenly sent to his wallet.

Chung — who goes by the Twitter handle of “Bitcoin Keith (The African Bitcoin Bull)” — tweeted about the incident on Sept. 12:
“I received huge sum of BTC from an unknown sender and it’s definitely a mistake from someone I must have had transaction with before, Kindly DM me time of transaction, your adress and exact digits sent..
thank you. Kindly retweet”

In a further update on Sept. 13, Chung revealed that the exact sum of apparently accidentally transferred Bitcoin was 7.8 BTC — worth $79,482 to press time. He also indicated that the sender who remains anonymous had responded to his request, meaning he was able to return the funds. He explained:

“In Africa, which is where I am situated, 80% we transact Cryptos through WhatsApp escrows and someone who himself and I had business in the past made this huge mistake of sending 7.8BTC into my blockchain wallet. I spread the words round & he reached out.”

Chung’s actions earned him significant social media acclaim and even the moniker of “African/Nigerian good samaritan” on crypto Twitter. Had he failed to identify the sender, he had pledged to donate the accidentally-gotten proceeds to Binance, which organizes a series of philanthropic projects via its charity arm, Binance Charity.  

In conclusion, Nigerians are enthusiast of this currency (bitcoin), Any Nigerian who have encounter the currency and invested wisely can testify it has had more effects in their life than the government had during that timeframe😁 all I'm trying to say is we mean well towards the adoption of the currency. Although this is a story of just one individual, there are many of us out there who would had done the same.

I can vouch for Nigerians  that they are good people, I'm not a Nigerian and had a lot of Nigerian friends and bad and good people exist in every country, it should not be associated to one nationality alone, going back to the Nigerian crypto educator who returns $80k in bitcoin received by mistake,  it's a good marketing for Bitcoin $80k is a big amount, and it will go higher because of Bitcoin's potential in the market.
No one here claims that Nigerian people are bad by nature. The situation prevailing within the country portrays them bad to the outer world. This will eventually change, and what we see is just a single news. There might be more and more incidents that have taken place over the past, but never revealed out.

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September 19, 2019, 08:57:31 PM
 #13

This threads is as a respond to the numerous replies on my previous thread proclaiming everything Nigeria is been associated with negatively. The actual truth is the good/positive incident aren't been circulated like the negative news. The media are mostly interested in painting the country bad. This incident of a bitcoin entrepreneur returing 7.8 BTC (worth around $80,000 when the transaction occurs) is an example we do have good individuals among us. I did follow the development of the story when i saw his tweet informing about the mistake although I'll be linking you guys to a more reliable source.

Keith Mali Chung — the co-founder and president of African blockchain firm Loopblock Network — has returned almost $80,000 worth of Bitcoin (BTC) mistakenly sent to his wallet.

Chung — who goes by the Twitter handle of “Bitcoin Keith (The African Bitcoin Bull)” — tweeted about the incident on Sept. 12:
“I received huge sum of BTC from an unknown sender and it’s definitely a mistake from someone I must have had transaction with before, Kindly DM me time of transaction, your adress and exact digits sent..
thank you. Kindly retweet”

In a further update on Sept. 13, Chung revealed that the exact sum of apparently accidentally transferred Bitcoin was 7.8 BTC — worth $79,482 to press time. He also indicated that the sender who remains anonymous had responded to his request, meaning he was able to return the funds. He explained:

“In Africa, which is where I am situated, 80% we transact Cryptos through WhatsApp escrows and someone who himself and I had business in the past made this huge mistake of sending 7.8BTC into my blockchain wallet. I spread the words round & he reached out.”

Chung’s actions earned him significant social media acclaim and even the moniker of “African/Nigerian good samaritan” on crypto Twitter. Had he failed to identify the sender, he had pledged to donate the accidentally-gotten proceeds to Binance, which organizes a series of philanthropic projects via its charity arm, Binance Charity.  

In conclusion, Nigerians are enthusiast of this currency (bitcoin), Any Nigerian who have encounter the currency and invested wisely can testify it has had more effects in their life than the government had during that timeframe😁 all I'm trying to say is we mean well towards the adoption of the currency. Although this is a story of just one individual, there are many of us out there who would had done the same.

Oh! What a great news that there are some people living in this world honestly. That's wonderful  history to all over over the world. This is the best example attitude that all people may adopt  to have a healthy life.
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September 19, 2019, 10:53:31 PM
 #14

It's an african country?
Have you some pictures of this country?
I really love "colored people" (sorry I don't know what is the appropriate word to name them)
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September 19, 2019, 11:39:02 PM
 #15

Well, it's never a good idea to make general assumptions about something based just on few examples. Nigeria had lot of negative attention due to big number of scams from this country, but I think Nigeris isn't exceptional in this topic. You can find lot of scammers in all corners of world.  And unfortunately for Nigeria it will be difficult to change their image into positive side, because this stereotype about scammers is already deep in people heads.
This story is very nice. 7.8 BTC is a lot of money and it's amazing that original owner was able to get it back. Because often in such situation it can be impossible to find it. Even if you have good intentions, sending Bitcoin back to sender's address could result that these BTC will be lost forever, for example if that person used exchange address.




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September 19, 2019, 11:52:17 PM
 #16

The problem with some people is stereotyping or generalizing. When they get scammed by one Nigerian, the start to think that all Nigerians are scammers. When they see a few people in a certain African country who are living in terrible poverty, they start to think that all people in that country are so poor or needy.

They forget that people are different and within the bad or needy people, there are good people just like other parts of the world. We have scammers and needy people from every corner of the world be it Russia, China etc.

I believe we have lots of great people in Nigeria and Africa in general. People who are hard workers, People who are ready to embrace bitcoin. Just ignore the negative minds who talk ill about your Country.

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September 19, 2019, 11:59:14 PM
 #17

I was very happy when I saw the news. It turns out there are still good people and want to find who is the owner of Bitcoin. That indicates Keith Mali is an honest person. Very good!

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September 20, 2019, 03:32:35 AM
 #18

Blessed those people who are honest and had an urge to return money that they do not really own.
its rare to find people like him knowing that the world that we living todays are now purely operated by money  , i mean you cant be happy anymore if you dont have a money because the things are now expensive and there were always a new gadget that comes on the market that every people wante to have  . faith in humanity is still restored  .

If I were the real owner and I've transacted it to the wrong address then it was really depressing.
obviously  . who would love to transact it to a wrong reciever ? not unless if he was intended to do it for a giveaway because he have lots of btc/money   and he wont feel depressed  .

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September 20, 2019, 06:32:54 AM
 #19

Yes unfortunately positive news like that does not get the attention of the media, they always say bad news sells papersAngry Nigeria also have good people and not all those people are scammers, so incidents like this should also be highlighted by the media for them to repair their bad reputation.  Wink

The problem is that there are not enough of these incidents happening in Nigeria and when they happen, more focus are put on the many negative things that are happening there. <The good things are in the shadow of all the bad things.>  Sad

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September 20, 2019, 04:15:42 PM
 #20

Are you still not among the people that is making people feel that everything that is associated with Nigeria is negative because I could remember that you posted of recent also, where you said that kidnappers In Nigeria are now demanding for bitcoin in Nigeria, reading this alone, what impression did you create, in as much as we need to post and carry news, I think that we should learn to filter somethings even if it means us being biased to be able to portray your country good.

This you have posted here is something of quality and it shows that we still have great people with great mind in Nigeria, although you can only find few of them, and some Nigerians are pretenders, I have ad friends from Nigeria and have been able to discern them.

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