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Author Topic: Stories about lost Bitcoin  (Read 650 times)
karabiber
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June 14, 2023, 06:35:12 AM
 #81

I am always careful with the seed phrase and the public address, so I have not lost any coin. And one thing you have to do is to avoid clicking of links that people send to you of claiming to give you BTC or other gifts

Sometimes even when you think you are paying attention to everything there may be things you miss. If you are new to the world of cryptocurrencies, you need to be aware of the risks. Hackers and cybercriminals are constantly thinking of new creative ways to steal your Bitcoins and other crypto assets. If you are making good investments and profits in cryptocurrency, scams can be the worst thing that can happen to you.

For example fake websites and phishing attempts are the most common form of fraud in the cryptocurrency world. Sometimes we want to do our work in a hurry and we do our transactions quickly without checking the website at that moment, then when we look at our account balance, we see that it has been emptied. Scammers often issue a security alert to redirect you to a fake website and warn you to enter your account information for security. This gives them access to your Bitcoin or cryptocurrency account. Scammers have become quite skilled at recreating websites and making them look real. They play every role to steal people's personal data. I personally did not lose Bitcoin but four or five years ago i was a victim of a fake website and suffered a small loss of altcoins. It wasn't a huge amount but this small loss taught me a huge lesson. Be sure to pay attention to everything and everything while making your crypto transactions. There is no room for distraction in this market.

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Make sure you back up your wallet regularly! Unlike a bank account, nobody can help you if you lose access to your BTC.
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June 14, 2023, 06:54:34 AM
 #82

I think everyone has faced this problem for the first time in cryptocurrency.  I have never been scammed before in anything related to bitcoin and crypto, but I have lost many bitcoins due to my mistakes.Now a day's it is seen that people fall victim to phishing scams, the number of scammers in cryptocurrency world is very high now.  They try to get the other's wallet seed using different methods.You should never give your seed phrase or private key to a stranger.  This mistake can be noticed among users who have made many cryptocurrencies.We need to be aware of the risks, because cryptocurrency cyber attacks are high. They always come up with new creative ways to steal bitcoins and other crypto assets and steal money to get various traps.

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June 14, 2023, 07:04:13 AM
 #83

Hello friends. Has anyone ever lost bitcoin? I am curious to listen to your stories. My purspose is to educate ourselves of possible scams, or rookie mistakes that we may do, that can lead to our BTC being stolen or lost.

Edit: Back in Feb 2020, I gave my seed phrase to someone on twitter. The convinced me the seed phrase was equal to my address and that they needed it to send me bitcoin. Don't ask me why I was so stupid... I lost approx. 1M sats and I had to start accumulating again. I bought a Trezor and I started reading...

Every person has moments when they are truly pensive. During this distraction, we can't even carefully do the things we need to do. In such a situation, I came back from a few mistakes about bitcoin transfer. Sometimes I forget to look at the address when I want to send money to my account. Sometimes after making the network selection, I question whether I have chosen the right one. These are not scams, just carelessness, but I still experience them sometimes.

That is a really unlucky one you've sent to another address. That is why I always double and triple check my address to make sure that is where my bitcoin is going. We know that it is our fault if it was sent to the wrong address. The moral lesson really is to make sure we learn from our mistakes because it is still useless to commit those mistakes over and over and not learn from them. Though the biggest mistake that happened to me was investing in ponzi schemes before, I did learn a lesson from it.
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June 14, 2023, 07:47:02 AM
 #84

Hello friends. Has anyone ever lost bitcoin? I am curious to listen to your stories. My purspose is to educate ourselves of possible scams, or rookie mistakes that we may do, that can lead to our BTC being stolen or lost.

Edit: Back in Feb 2020, I gave my seed phrase to someone on twitter. The convinced me the seed phrase was equal to my address and that they needed it to send me bitcoin. Don't ask me why I was so stupid... I lost approx. 1M sats and I had to start accumulating again. I bought a Trezor and I started reading...
Wow... Shit happens. Some of us here have our own sad story about our bitcoin or crypto journey but I would say this is the height of them all and it doesn't really matter the amount of bitcoin involved. But OP haven't you heard never to share or disclose your seed phrase or private keys to anyone? What possible lies could the scammer had sold to you to make you send your seed phrase? Well... Sorry for your loss and It's a pity you learnt the hard way. Your story is indeed an eye opener for other newbies to learn from.

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June 14, 2023, 07:52:42 AM
 #85

Hello friends. Has anyone ever lost bitcoin? I am curious to listen to your stories. My purspose is to educate ourselves of possible scams, or rookie mistakes that we may do, that can lead to our BTC being stolen or lost.

Edit: Back in Feb 2020, I gave my seed phrase to someone on twitter. The convinced me the seed phrase was equal to my address and that they needed it to send me bitcoin. Don't ask me why I was so stupid... I lost approx. 1M sats and I had to start accumulating again. I bought a Trezor and I started reading...
Wow... Shit happens. Some of us here have our own sad story about our bitcoin or crypto journey but I would say this is the height of them all and it doesn't really matter the amount of bitcoin involved. But OP haven't you heard never to share or disclose your seed phrase or private keys to anyone? What possible lies could the scammer had sold to you to make you send your seed phrase? Well... Sorry for your loss and It's a pity you learnt the hard way. Your story is indeed an eye opener for other newbies to learn from.

many scammers make their mode to scam people like OP. being perhaps not very experienced, he was easily influenced by giving him the seed of his wallet. it was a valuable experience for him, as well as a difficult experience. but now he must have learned a valuable lesson and one he will not repeat. Likewise with anyone who reads his story, now everyone is getting a lesson.



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June 14, 2023, 08:09:05 AM
 #86

This is quite an eye opening thread, I have learned a lot from many of the victims as well as many of you honorable members that are keying in your bits of pros and cons for safe sailing in Bitcoin and cryptospace.

In 2018, I fell victim of BTC scam also, I lost over 0.2 BTC after joining a Ponzi scheme that I cannot even remember it name, I was merge to pay somebody and in return I was promised my capital + 50% interest after 30 days. I never got a single Satoshi back, that was the last of it kind I've ever joined.
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July 04, 2023, 08:27:32 AM
 #87

This is just the way it goes. Lots of people fall victim to losing their Bitcoin, it's a learning experience.

I, for one, was the idiot who wrote a private key on a torn piece of envelope paper and left it on his nightstand, completely forgetting about it. 4 days later, I came to find out that my wife had mistaken it for trash and thrown it away. Upon realizing this, I instantly ran outside to the dumpster only to see it was empty. Pffft, no way I'm going to dig up a landfill, so I let it be. An experience in 2019 I learned from early on that brought me where I am today, The creator of the First Seed phrase notebook, The Shieldfolio stonebook.

Lol, so glad she threw that private key away.

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July 04, 2023, 09:17:21 AM
 #88

I think everyone has faced this problem for the first time in cryptocurrency.  I have never been scammed before in anything related to bitcoin and crypto, but I have lost many bitcoins due to my mistakes.Now a day's it is seen that people fall victim to phishing scams, the number of scammers in cryptocurrency world is very high now.  They try to get the other's wallet seed using different methods.You should never give your seed phrase or private key to a stranger.  This mistake can be noticed among users who have made many cryptocurrencies.We need to be aware of the risks, because cryptocurrency cyber attacks are high. They always come up with new creative ways to steal bitcoins and other crypto assets and steal money to get various traps.

They never stop trying and finding new ways. They covet the investments they have made with the money they have earned with the labor of others. I hope they never have a chance.

It is necessary to learn from our own mistakes or the mistakes of others. There are different scams every day and we need to know about them and protect ourselves.

We must be careful when taking any action. In some matters we should not trust anyone. In order to do this, we must have knowledge.

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July 04, 2023, 10:21:13 AM
Merited by Adams0001 (1)
 #89

I've stored my recovery seed in a Gmail account I created years ago and someone somehow gets my password and stole all my Bitcoin, at the time I lack some knowledge about keeping recovery seed and that old Gmail had a weak password too, I also don't use or activate 2Fa authentication too, after I lost the Bitcoin I started researching on where I did things wrong and I learnt that recovery seed are not to be kept online, they are safer offline.

Not even any cloud storage are safe for your recovery seeds, there are some stories of peole losing their Bitcoin when few cloud storage platforms got hacked, for example 4shared and others.

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July 04, 2023, 10:28:25 AM
 #90

I've stored my recovery seed in a Gmail account I created years ago and someone somehow gets my password and stole all my Bitcoin, at the time I lack some knowledge about keeping recovery seed

Not even any cloud storage are safe for your recovery seeds, there are some stories of peole losing their Bitcoin when few cloud storage platforms got hacked, for example 4shared and others.
You can not trust third parties to save your password, wallet private keys, wallet seed phrase, backup files. Even those companies don't know what will happen with their data bases so if you trust them, put your money into their data bases, you have very bad decision.

Quote
that old Gmail had a weak password too, I also don't use or activate 2Fa authentication too
Some tables in Are your passwords in the green? will help you to set up your strong passwords.

Quote
after I lost the Bitcoin I started researching on where I did things wrong and I learnt that recovery seed are not to be kept online, they are safer offline.
When you keep them offline, it is better practice but you must keep your backups very safely from water, fire, steal. You have to secure your backups individually.

Create some backups, don't create only one backup. One is unusable, you will have others to use.

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July 04, 2023, 10:35:44 AM
 #91

I've stored my recovery seed in a Gmail account I created years ago and someone somehow gets my password and stole all my Bitcoin, at the time I lack some knowledge about keeping recovery seed and that old Gmail had a weak password too, I also don't use or activate 2Fa authentication too, after I lost the Bitcoin I started researching on where I did things wrong and I learnt that recovery seed are not to be kept online, they are safer offline.

Not even any cloud storage are safe for your recovery seeds, there are some stories of peole losing their Bitcoin when few cloud storage platforms got hacked, for example 4shared and others.

Even though the website is very secure, let's say Google, hackers can still penetrate a person that has a weak password like you, which means it is our fault, but no matter if it is our fault that has a weak password, it is still better to make it offline because the tendency of making it online is that all accounts would be compromised, no matter how cautious we are, so it is better to prevent them by not putting it online so that you are now more focused on your offline security measures like putting it in a paper, engraving it, or buying a hardware wallet for better protection.
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July 04, 2023, 11:10:58 AM
 #92

When you keep them offline, it is better practice but you must keep your backups very safely from water, fire, steal. You have to secure your backups individually.

Create some backups, don't create only one backup. One is unusable, you will have others to use.

As long as I have known Bitcoin, I know the safest storage using wallet hardware. Although logically there is still room to lose, but I think hard wallets are the option with the least risk. But some time ago I was stupid because I unknowingly pressed and sent the prifat key to my office mate.  Luckily he doesn't understand prifatkey and cryptocurrency.
So when you're multitasking, you have to be meticulous with what you receive and deliver. Make sure you are really careful not to do stupid things like me.

R


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July 04, 2023, 11:51:37 AM
 #93

I've stored my recovery seed in a Gmail account I created years ago and someone somehow gets my password and stole all my Bitcoin, at the time I lack some knowledge about keeping recovery seed and that old Gmail had a weak password too, I also don't use or activate 2Fa authentication too, after I lost the Bitcoin I started researching on where I did things wrong and I learnt that recovery seed are not to be kept online, they are safer offline.

Unfortunately i suffered from same case at the start and lost my fund. I stored all my wallets phrase in the draft folder of Gmail account and didn't wrote any where on hard copy. The hacker got access to my mail and stole my money. At first I didn't know how he stole it but after second hack attempt he erase all my draft key and then i founded the real reason behind my phrase leaked. Till now i never used any account information cloudly and i wroted all my phrase in notebook.

As long as I have known Bitcoin, I know the safest storage using wallet hardware. Although logically there is still room to lose, but I think hard wallets are the option with the least risk. But some time ago I was stupid because I unknowingly pressed and sent the prifat key to my office mate.  Luckily he doesn't understand prifatkey and cryptocurrency.
So when you're multitasking, you have to be meticulous with what you receive and deliver. Make sure you are really careful not to do stupid things like me.

Hardware wallet is much safer and you have to choose open source hardware to kept your btc safe. you are lucky that your office mate was unaware of it otherwise you could lose your btc. Even it is hardware or hot wallet we have to do every safety task before storing btc.

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July 04, 2023, 12:11:44 PM
 #94

Hello friends. Has anyone ever lost bitcoin? I am curious to listen to your stories. My purspose is to educate ourselves of possible scams, or rookie mistakes that we may do, that can lead to our BTC being stolen or lost.
Both of this (Lost and Stolen) happened to me. Actually at the beginning it's common to make a mistake but if it happens several times like me than it's a worst thing.

My purpose to share my stories so that newbies can learn from it and never do like this. First I have lost some of my Bitcoin by sending it to a wrong wallet address. I sent in a hurry and lost it because the destination address was wrong. Then I also sent my BTC to another Blockchain but all the mistakes I have done all are in a hurry. So my advice is that " Never be Hurry when you are making any transection and always recheck your wallet address and the Blockchain

And I have been scammed by a person when I didn't use an escrow and sent it first. They as usually he blocked me though he was much trusted to me but a unknown person. So Always use an escrow if you want to deal with someone you don't know perfectly.
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July 04, 2023, 12:25:46 PM
 #95

I never lose my bitcoins by forgetting to back up. But I used to experience losses due to being deceived by the ponzi system and such. I experienced a lot of losses at that time which made me in the most difficult life for me personally. but I've learned a lesson from it. And I am now a more careful person in everything. But I've heard a lot of stories about someone who lost a Seed Phrase because they forgot to save it or something. And I think it hurts a lot more. So I always back up my Seed Phrase wallet not in one place but I store it in several forms. but I never save it in file form. I prefer to write it on paper or spread it in my favorite book.

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July 04, 2023, 12:38:19 PM
 #96

But some time ago I was stupid because I unknowingly pressed and sent the prifat key to my office mate.  Luckily he doesn't understand prifatkey and cryptocurrency.
Or he was only act dumb because he don't want to let anyone know if he's own a lot Bitcoin, also he just want to become a good guy for not stealing someone's money.

You should never give your seed phrase or private key to a stranger.
Who's in the hell someone want to share his seed phrase to a stranger? during you want to create a new wallet, there's always a warning message if you must not share your seed phrase and write down in a piece of paper, which is more or less seed phrase is the most important part.

Even you have trust someone, there's a chance he could backstabbed you.

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July 04, 2023, 01:16:10 PM
 #97

I have really not had that experience of one scamming me of my hard earned resources not to talk of deceiving me to give them my login details or my seed phrase. I joined this platform with my eyes wide open to learning more about bitcoin and detecting scams and scammers was very easy for me because I took my time to read posts and comments to know more about them.

The only thing was that I lost access to my wallet as a result of my phone crash then which I could not recall were I kept the seed phrase to that wallet and that was my weekly pay wallet I had then. It was very painful to me because I don't take such for granted but it took me unawares and I had nothing to do to gain access to it till this very moment.

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July 05, 2023, 12:18:28 AM
 #98

This is just the way it goes. Lots of people fall victim to losing their Bitcoin, it's a learning experience.

I, for one, was the idiot who wrote a private key on a torn piece of envelope paper and left it on his nightstand, completely forgetting about it. 4 days later, I came to find out that my wife had mistaken it for trash and thrown it away. Upon realizing this, I instantly ran outside to the dumpster only to see it was empty. Pffft, no way I'm going to dig up a landfill, so I let it be. An experience in 2019 I learned from early on that brought me where I am today, The creator of the First Seed phrase notebook, The Shieldfolio stonebook.

Lol, so glad she threw that private key away.



It certainly shows that you weren't in the habit of cleaning up after yourself. Maybe today you not only put your private keys in a safe place, but you don't let your wife pick up your garbage. At least that would be a beneficial mishap for both of you...


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July 05, 2023, 03:15:23 AM
 #99

I didn't personally lose much at all, at least not enough worthy of mentioning. However a friend of mine who used to use the silk road to buy weed and Addy in college had a created a ton of burner emails each time he went to make a purchase and he always made random names for passwords, stuff they he just simply can't remember. He said he had at least 20 or 30 coins in limbo. That just sucks lol. I check in on him from time to time.

Take your vitamins!
Litzki1990
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July 05, 2023, 03:34:14 AM
 #100

All personal information related to Bitcoin is never to be shared with anyone. I have been careful about these things so far I have managed to keep my bitcoins safe and my bitcoins have not gone into anyone else's hands so far. Always try to keep your personal information to yourself. But people learn from mistakes as you have made a mistake once and because of that mistake you have suffered a lot, hope you learn from this mistake. And be careful not to make these mistakes in the future. Because BTC is a very valuable commodity, it's natural to feel bad for such stupidity if it ends up in someone else's hands.

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