THELOGICALINDIAN - A bitcoin user has aggregate his adventure of how he absent added than 100000 in BTC during a wallet alteration The bitcoiner attempted to alteration a wallet to a new computer after authoritative abiding that he had admission to the encryption passwords angry to his clandestine key storage
Password Manager Didn’t Store Passphrases Needed to Access His Private Keys
According to the affidavit published on Reddit, the crypto user accepted as “Onnar” claimed to accept absent admission to 2.6 BTC from the alteration of his wallet to a new computer acquired during the Christmas holidays.
He wiped the adamantine deejay of his old computer, which he capital to use alone for work-related matters. However, he did not analysis the countersign administrator he acclimated to abundance the passphrases bare to admission the wallet’s clandestine keys.
Onnar abundant that he had already encrypted backups of his clandestine keys on two USB drives stored in abstracted locations. He again acquainted one of the USB drives into the computer to verify that aggregate was appropriately stored, which he after accomplished that it was not enough.
Could a Hardware Wallet Have Prevented This Error?
Although the crypto user accepted that a Ledger accessory would be more convenient than the way he was administration his bitcoins, he did not accept at the time that his adjustment was beneath safe. Onnar continued:
The bitcoiner fabricated a mea culpa of the incident, acceptance that he did not apprehend that passwords were not auto-saved in the manager.
He captivated up by demography abounding albatross for missing bitcoins account over $100,000, according to the latest abstracts by markets.Bitcoin.com. He concluded:
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