Post
Topic
Board Bitcoin Discussion
Re: How often are people really hacked out of their BTC?
by
just_Alice
on 07/02/2021, 22:19:37 UTC
Has anyone here been hacked and if so, how? We should make sure that we share our stories of being hacked, even if they are painful,  to ensure that people do not repeat other people's mistakes.

Luckily, I've never been hacked, but I take some precautions: all of my passwords and private key phrases are written down on a piece of paper (have many copies, but none of them are digital) and, just in case, I've memorized them all  Cheesy Also, when withdrawing, exchanging I always double-check the address bar and the receiver's wallet address. Apart from that, I try to store my major savings on Electrum.

But I think there's another problem, that some bitcoin holders (not as few, as I thought) are currently facing - people do seem to forget their passwords, don't they? Take a look at that:

Quote
Of the existing 18.5 million Bitcoin, around 20 percent — currently worth around $140 billion — appear to be in lost or otherwise stranded wallets, according to the cryptocurrency data firm Chainalysis.

Source: https://www.nytimes.com/2021/01/12/technology/bitcoin-passwords-wallets-fortunes.html

I was really stunned by this news, $140 billion is a lot of money, such a waste  Cry