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Crypto's biggest losses were accidents, not hacks, Quartz says

Quartz describes cases including $578 million in bitcoin in a Welsh landfill and a Ukrainian politician who encrypted his own private keys, thinking the file was a movie.

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1 Source, 23d ago, first seen 23d ago

TLDR

Quartz says the biggest crypto losses in history came from accidents rather than hacks, citing a thrown-away hard drive, a forgotten password and a reformatted laptop. Its rundown describes $578 million in bitcoin in a Welsh landfill, plus a Ukrainian politician who encrypted his own private keys thinking the file was a movie.

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1 Source, first seen 23d ago

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1 Source, first seen 23d ago

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1 Source

@qzFrom a landfill in Wales to a forgotten USB drive: crypto's costliest human errors: The biggest crypto losses in history weren't hacks — they were accidents. A thrown-away hard drive, a forgotten password, a reformatted laptop:… https://dlvr.it/TVPhhf #CryptoMistakes #Bitcoin23d
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    1 Source

    @qzFrom a landfill in Wales to a forgotten USB drive: crypto's costliest human errors: The biggest crypto losses in history weren't hacks — they were accidents. A thrown-away hard drive, a forgotten password, a reformatted laptop:… https://dlvr.it/TVPhhf #CryptoMistakes #Bitcoin23d
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