South African Man Loses $900,000 Worth Of BTC After Accidentally Deleting Keys

[bittraffic]

This is really a big failure, is there really no way to get them back?

The problem is that the hard drive was formatted several times, and data was written over it on multiple occasions. After 2-3 times, it becomes impossible to recover any data. So unfortunately, the answer is no. With the current technology, you can't get the data back. Even if you have some FBI guys to support you, the technology is not that advanced to recover such data. I feel bad for his losses, because he's so young (unlike me  ). Hopefully, he will be able to carry on and book profits from cryptocurrency in the near future.

Now that is a problem. If I have that kind of Bitcoin amount meaning very big amount. He should have asked some experts on how he can make his investment safer, for a fee of course as I know those who handle cryptocurrency security are getting paid for their services. Millionaires tend to try and protect their assets and the person should have done so as well. He will be able to carry on with life and hopefully learn a valuable lesson from this.

I think it still can be recovered even if the drive was formatted several times. Computer forensics are experts in this field of recovering data fits worth doing but this is if he trusts the experts for this. Files in the drive are not actually erased by are simply rewritten to can be recovered. $900K is worth doing for sure.

Keeping your private keys in a text file is easy but it should have been backed up in a price of paper too kept in a safe place in case the computer crashes.

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[leea-1334]

I haven't read the entire story but I think such keys can be easily restored by using data recovery software or since the amount involved is gigantic, he can also hire an expert to help him out and promise them a good amount. If my maths is right, it is nearly 20 BTC that's lost and any good hacker/technician will recover them for a mere 1 BTC.

So why do you not read the entire story then? Have you ever tried data recovery software? I even use it many times to try and find deleted Microsoft office files and most of the time even if I can recover something,,, it is not the fully intact file with many things changed or missing, or corrupted.

This hacking thing is not as easy as in the movies man

[Wawa2013]

This is really a big failure, is there really no way to get them back?

The problem is that the hard drive was formatted several times, and data was written over it on multiple occasions. After 2-3 times, it becomes impossible to recover any data. So unfortunately, the answer is no. With the current technology, you can't get the data back. Even if you have some FBI guys to support you, the technology is not that advanced to recover such data. I feel bad for his losses, because he's so young (unlike me  ). Hopefully, he will be able to carry on and book profits from cryptocurrency in the near future.

Now that is a problem. If I have that kind of Bitcoin amount meaning very big amount. He should have asked some experts on how he can make his investment safer, for a fee of course as I know those who handle cryptocurrency security are getting paid for their services. Millionaires tend to try and protect their assets and the person should have done so as well. He will be able to carry on with life and hopefully learn a valuable lesson from this.

I think it still can be recovered even if the drive was formatted several times. Computer forensics are experts in this field of recovering data fits worth doing but this is if he trusts the experts for this. Files in the drive are not actually erased by are simply rewritten to can be recovered. $900K is worth doing for sure.

Keeping your private keys in a text file is easy but it should have been backed up in a price of paper too kept in a safe place in case the computer crashes.

In theory it can be recovered data on the drive, but sometimes in practice it is not easy to do so. It is necessary to seek the help of people who
are experts in this field, but of course we have to find someone we can trust,  because this involves a large amount of money. But based on
my experience, sometimes the data that is successfully recovered is often already corrupted and can't be reopened. Take this incident as
a valuable lesson for all of us, always keep private keys in two or three different places. If something untoward happens, we still have another
private key storage area,  sometimes we really have to get used to thinking about the worst case scenario.

[vapourminer]

It is better to store BTC in an online wallet, such as COINBASE .

Are you kidding me?

yeah, absolute worst advice ever. only time coin should be stored at an exchange is if maybe trading (good luck) or if you have an amount laddered there for automatic sells/buys. and then only enough to cover those orders.

then be prepared to lose it all at any time. seriously.

[clint25n]

this is very unfortunate with what happened to the African man so that he had to lose so many bitcoins, maybe this can be an experience for all of us to be more careful in using an account like for example we want to lock our account temporarily but don't delete the account or the password that makes us have to lose bitcoin, because this often happens when we want to lock our account for a while

[Nutrient]

This is heartbreaking. Saving the keys offline isn’t always 100% safe. One should consider saving keys on some secured folder online. The online options is usually backed up

[firesurfer]

His mistake comes from his experience.  No one can be very careful with adolescence.  They are often arrogant, hasty and careless in everything.  Also, during the time this man forgot his Bitcoin, there were also millions of Bitcoins lost for the same reason.  The time has come for us to plan with our Bitcoin specifically.