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Author Topic: John McAfee is dead, are his coins lost?  (Read 884 times)
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June 30, 2021, 08:03:07 PM
 #81

The last info that we have regarding his riches is that it was seized or that it was gone due to some bad investments. I’m sure he still have some crypto in his stash, but even if the law enforcement finds it, they would not be able to access it at all. Perhaps consider it lost in the void just like any other stashes out there that have been lost due to forgotten passwords or drive failure.

I have a feeling that John burned through all his riches, lost them to a variety of extravagant schemes or had them seized from him by different jurisdictions or criminals. I very much doubt he would have fled South America, because even if he just had a few hundred thousand left he could have found some decent places to continue his hideaway strategy. After all the persecution (rightly or wrongly deserved) he faced from the US government, I expect they would have closed down most convenient ways of hiding any money he had left - even in the form of Bitcoin wallets which would have likely been stored online if he wanted to travel without losing a hardware based wallet.

R


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June 30, 2021, 10:19:57 PM
 #82

The last info that we have regarding his riches is that it was seized or that it was gone due to some bad investments. I’m sure he still have some crypto in his stash, but even if the law enforcement finds it, they would not be able to access it at all. Perhaps consider it lost in the void just like any other stashes out there that have been lost due to forgotten passwords or drive failure.

I have a feeling that John burned through all his riches, lost them to a variety of extravagant schemes or had them seized from him by different jurisdictions or criminals. I very much doubt he would have fled South America, because even if he just had a few hundred thousand left he could have found some decent places to continue his hideaway strategy. After all the persecution (rightly or wrongly deserved) he faced from the US government, I expect they would have closed down most convenient ways of hiding any money he had left - even in the form of Bitcoin wallets which would have likely been stored online if he wanted to travel without losing a hardware based wallet.
And now US do really effort to seize up his assets?

John McAfee’s Death Complicates U.S. Efforts to Seize His Assets
https://www.bloomberg.com/news/articles/2021-06-29/mcafee-s-death-complicates-u-s-efforts-to-seize-his-assets

Does his family doesnt have the full rights for those riches he had made? He do still own those.

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June 30, 2021, 10:53:28 PM
 #83

He claimed to have nothing else in his hands regards crypto. It's not possible to know, however, if he was telling the truth or just trying to keep his treasure safe from third party undesired attention. Anyway that is not an impossible mistery to be solved, because transactions can be tracked and if authorities investigate it carefully they will find a connection betweeen McAfee, his coins and its currently whereabouts.
Or maybe he was just saying the truth and there were no coins left, what I think might be the real history, since he was in financial difficulties, as it is well known due to living a life without rules or limits.


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July 01, 2021, 02:51:05 AM
 #84

The last info that we have regarding his riches is that it was seized or that it was gone due to some bad investments. I’m sure he still have some crypto in his stash, but even if the law enforcement finds it, they would not be able to access it at all. Perhaps consider it lost in the void just like any other stashes out there that have been lost due to forgotten passwords or drive failure.
Bitcoin is not like fiat, all he needed to have done is to let his family well acquainted with Bitcoin and other cryptocurrencies. If privacy was enhanced, there are a lot beyond the reach of the government which could possibly be easily accessed by his family, Bitcoin has importance in which giving freedom is part of the significance.

Maybe he did something so that his family can still access his coins even if the privacy was enhanced still government will look something into it.

Financial freedom is one of the main reason why we chose to invest and engage in cryptocurrency and I know that John still give importance to it.

His family are now the owner of his asset and it will become useless if McAfee didn't inform any of them.

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July 01, 2021, 03:25:17 AM
 #85

Maybe he did something so that his family can still access his coins even if the privacy was enhanced still government will look something into it.

Financial freedom is one of the main reason why we chose to invest and engage in cryptocurrency and I know that John still give importance to it.

His family are now the owner of his asset and it will become useless if McAfee didn't inform any of them.

His family can't own those assets. McAfee got almost all of his cryptocurrency stash from promoting ICO scams. The lawsuit is still ongoing. Those who were victimized during these scams need to be compensated. I don't know how many coins remain in his wallets, but I am sure that he still had millions of USD worth of cryptocurrency at the time of his death. The authorities should do the needful, so that these assets are distributed as compensation to those who were scammed by McAfee during the ICO boom of 2016-18.

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July 01, 2021, 03:29:44 AM
 #86

John McAfee left his assets to none I guess. He never trust anyone, He never used the antivirus he made. He admitted it in some point. So I guess he never left that wealth also because of trust issue. His coin will be useless forever. Or if someone will discover all his secrets hidden in some vault, that includes all the keys that will lead an access to that. Just my opinion. Smiley
Nope even if he does not trust anyone yet he has family and love ones that will benefits from all of His funds .

and He planned to commit suicide( if the news is correct and he is not killed inside the prison) so by chance he also had plans for whom will take care of those assets.

Quote
But I find him as an awesome guy. He is cool.
Awesome because he is already dead , but in the past you are surely annoyed by His statements in this whole community .









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July 01, 2021, 04:38:43 AM
 #87

He claimed to have nothing else in his hands regards crypto. It's not possible to know, however, if he was telling the truth or just trying to keep his treasure safe from third party undesired attention. Anyway that is not an impossible mistery to be solved, because transactions can be tracked and if authorities investigate it carefully they will find a connection betweeen McAfee, his coins and its currently whereabouts.
Or maybe he was just saying the truth and there were no coins left, what I think might be the real history, since he was in financial difficulties, as it is well known due to living a life without rules or limits.

That will find more interesting as it possible that John had million of crypto assets held in his wallet. That seems impossible if he could tell it everything even to his family.


Anyways,
If that he is telling the truth (probably) then, we have nothing to worry about it.
He is gone together with his assets and now it belongs to the government. Well, the question is how the authorities manage those seized cryptos? Are they might spend it or give it to the poor people or in charity? I hope that will be happening.

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July 01, 2021, 05:39:56 PM
 #88

Anyways,
If that he is telling the truth (probably) then, we have nothing to worry about it.
He is gone together with his assets and now it belongs to the government. Well, the question is how the authorities manage those seized cryptos? Are they might spend it or give it to the poor people or in charity? I hope that will be happening.
In case of seized assets the government can hold or sell through an auction. Bulgaria for an example, was discovered to be a bitcoin whale holding more than 213,519 bitcoins. If other countries are smart they are also going to hold seized bitcoins just like Bulgaria did. This way they can invest in bitcoin without having to pass any law in the legislative house, what would take a lot of time and in many countries bribery for congressmen vote favourably. About McAfee, however, I don't know if they are going to find anything... Let's see soon.

Bulgarian government actually owns $3 billion USD in Bitcoin (Mar 24, 2021)

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July 02, 2021, 11:37:11 PM
 #89

How could a smart guy like McAfee ended like that, I couldn't buy that story, even his death was unclear, he has a wide range of network, and has many connections even in politics or government.

Then suddenly, appears, all of his investment was gone into thin air, to me, it was all orchestrated, all of his coins was secretively transferred to his family.

 

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July 02, 2021, 11:59:33 PM
 #90

An awesome guy to make his early entry into the cryptomarket. Maybe if he had got all the holdings, now his venture will also be one among the list of companies with large volume of crypto holdings. In the meantime he got into more scam projects as well as promoted it. This is where he got into discussion, and once he also served as a reason for the increase in the usage of bitcoin and other cryptocurrencies. In a tweet he had stated, he hasn't got anything left with him as government has seized and remaining evaporated on different means.

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July 03, 2021, 02:07:18 AM
 #91

John McAfee once told his fans on Twitter that all his cryptocurrencies have disappeared. Although he admitted, not everyone would believe it.
The 76-year-old said on Twitter earlier: “I don’t have anything. But, I don’t regret it,” and pointed out: “The United States thinks I hide the cryptocurrency. I wish I had it, but ended McAfee Many people on the team lost their hands (you don’t have to believe it), and all my remaining assets have been confiscated. My friend disappeared because of fear of socializing."
Maybe he is telling the truth, but people don't want to believe it. But his death surprised me. He may have committed suicide. The news is like this. Before that, he must have done what he wanted to do, so he ended his life. When I saw the news, my heart was still very sad. Rest in peace.
This is my personal opinion.
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July 03, 2021, 02:10:13 AM
 #92

How could a smart guy like McAfee ended like that, I couldn't buy that story, even his death was unclear, he has a wide range of network, and has many connections even in politics or government.

Then suddenly, appears, all of his investment was gone into thin air, to me, it was all orchestrated, all of his coins was secretively transferred to his family.

 
indeed the private key should have previously been given to the closest person, so that his wealth in the form of crypto or something else can be used by his family, but if that doesn't happen then the supply of crypto will decrease because it seems to be lost. but with a diminishing supply, it is possible that prices will easily soar

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July 03, 2021, 09:21:00 AM
 #93

How could a smart guy like McAfee ended like that, I couldn't buy that story, even his death was unclear, he has a wide range of network, and has many connections even in politics or government.

Then suddenly, appears, all of his investment was gone into thin air, to me, it was all orchestrated, all of his coins was secretively transferred to his family.
it is clear that a very intelligent person will commit no fatal mistake other than if he is senile or deceived by his advisors.
but it's clear he has prepared everything carefully in case something happens to him and we can't possibly know apart there is information from their circle.
I do not believe that the investment he has can not be given to his close people. let time tell later.

indeed the private key should have previously been given to the closest person, so that his wealth in the form of crypto or something else can be used by his family, but if that doesn't happen then the supply of crypto will decrease because it seems to be lost. but with a diminishing supply, it is possible that prices will easily soar
it must have been thought long before anything would happen to him, he and his family were certainly not new to this and they had been in the business for a long time and knew what would happen in the absence of usable data. That's why it's clear that a smart person like him has prepared as well as possible and it's hard for us to know.

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July 03, 2021, 09:33:18 AM
 #94

How could a smart guy like McAfee ended like that, I couldn't buy that story, even his death was unclear, he has a wide range of network, and has many connections even in politics or government.

Then suddenly, appears, all of his investment was gone into thin air, to me, it was all orchestrated, all of his coins was secretively transferred to his family.
Maybe that's the reason for ending like that, the connections that he had with politicians and influential people, maybe the network that he has is what's made him a target for an alleged neutralization and that they don't want it to leak outside, remember that there was an Instagram post by McAfee about something before his death and that post got deleted?

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July 03, 2021, 09:35:35 AM
 #95

If he didn't legate his coins to someone, then yes. All of his coins will be just gone forever unless someone finds the information of his wallet(s) somewhere. This is maybe not a good feature of Bitcoin but we have nothing to do about it now.

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July 04, 2021, 12:47:32 AM
 #96

Sadly, his all crypto become obsolete after his death. Because he might not share private keys to anyone. to overcome this There should be system of nominee if anyone's address is more than 2 years inactive. This is limitations in decentralisation.

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July 04, 2021, 03:14:30 AM
 #97

If he didn't legate his coins to someone, then yes. All of his coins will be just gone forever unless someone finds the information of his wallet(s) somewhere. This is maybe not a good feature of Bitcoin but we have nothing to do about it now.

I believe John McAfee has bequeathed his coins, especially his family or close people may have been told by McAfee how to access his wallet.
Because I alone have not as many coins as McAfee told my partner how to access my wallet. Moreover, McAfee who definitely has quite a lot of
coins in his wallet, he must have taken into account the possibility of inheriting them. But the problem is that McAfee is still in trouble with
the law and must be responsible to several people who have harmed by him, there is a possibility that the US government confiscated the coins
owned by McAfee.

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July 04, 2021, 03:31:24 AM
 #98

Sadly, his all crypto become obsolete after his death. Because he might not share private keys to anyone. to overcome this There should be system of nominee if anyone's address is more than 2 years inactive. This is limitations in decentralisation.
We will probably never know for sure about this. While already in prison, John McAfee wrote on social networks that he had no money left. I am inclined to believe this, because, committing suicide (if it was really suicide), it turns out, he no longer believed in his release from prison and the lack of money should play an important role in such a decision. If, nevertheless, we assume that the money remained in his cryptocurrency, then, since he had access to the Internet and social networks from prison, then he could well transfer information about the private keys of his wallets to his family.

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July 04, 2021, 12:22:08 PM
 #99

What I think is that if there is really crypto left then it is likely that it will remain hidden from the public eye. It might be possible that the only people who might know about the hidden crypto would be some family members or his lawyer perhaps. I doubt though if he has a lawyer since he was in the Spanish jail not in the U.S. then the lawyer might only be a lawyer/friend where he can confide secrets to, maybe paid to keep his secrets intact.

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July 04, 2021, 12:33:50 PM
 #100

Perhaps he has some relatives or his wife who have knowledge about his crypto activities, John McAfee was a smart guy and must have taken care of things like that during his lifetime, I still can't believe the guy is dead, as much as many dislike his kind of person he still did among those who push crypto awareness and promote it in his own way without any fear, I doubt John will let his crypto assets waste away like a lost treasure without hinting any close relatives or friends.

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