Dumpster diving for Bitcoins
Hi readers, happy Monday to you all! Its beautiful here outside, so i wont hold you for long, just for a few short stories.
Are you by any chance going to visit Lucerne, Switzerland in the near future? Or already reside there? $800 000 worth of cryptocurrencies have been lost there by a Thomas T, when he left his bag along with two hardware wallets containing the funds at an unknown location.
Thomas, the owner, is heart-broken over the loss of these funds, as he usually keeps the devices in a bank vault, safe and hidden from malicious parties, but takes them out once in while, to do some cryptocurrency transactions. How on that specific day one can be forgetful? Is it a trick by fate or just carelessness, we don't know. But it appears Thomas doesn't even have the recovery codes for his harware wallets, which he could use to recover the funds.
The wallets lost are a Keepkey and Ledger Nano, along with his laptop and the inital reward of $40 000 for recovering the wallets to him is tripled to $135 000.
credz: pixabay.com
It's fairly possible to think that whoever found his bag, just took his laptop and dumped the hardware wallets after not finding anything to open them in the laptop, as the wallets are made unhackable by the manufacturers, including growing time-outs on a wrong pin entry along with other safeguards.
The wallets are useless to the finder or the thief, unless he has the backup or access codes for those devices. So, if you happen to stumble upon a pair of suspicious and locked hardware wallets, dont ditch them. Search for their owner - it's a safe bet the owner will be happy to reward you for his precious' return home :)
Take care of your wallets and pay attention to the recovery methods offered by the manufacturer.
For example, a Ledger Nano S could be cloned immediately to a backup device - keeping one in a safe place and using another would have saved the aforementioned man some trouble.
Having your initial Ledger Nano S set up with a recovery phase or a mnemonic phase enables you to recover your lost wallet as well - as if you had never lost the original wallet.
If you still have an existing Ledger Nano S, for instance, and you are initialising another one as a backup, you will two identical setups. You will be able to use either device to manage your funds. They are both pointing to the same underlying altcoin data, so it doesn’t mean you’ll double your balance. ??
Similarly, if you restoring a wallet because you’ve have lost your original Ledger Nano S, or otherwise no longer have access to it, restoring to a new Ledger Nano S will grant you access again to managing your altcoins.
Img via medium.com/@trionkidnapper
Materials used:
thelocal.ch
bitcoinist.com
medium.com/@trionkidnapper
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Poor fella, I would've given up on life after this sort of thing lol.
I would return the laptop and wallet and would get the reward from him, supposedly. I have never been to Switzerland though.
write down those wallet words !
Quite sad how he lost 800,000$
It is very unfortunate to be lost, maybe in the future if you have an electronic wallet must have a backup if our equipment for example a broken laptop there is a replacement in the electronic backup wallet. And for storage it should be halved in half hardware and half on back up.