Quote from: AHOYBRAUSE on February 02, 2024, 02:32:36 PM

Quote from: MorganaX on February 02, 2024, 02:23:58 PM

We all know that bitcoin was earlier stolen by James "Jimmy" Zhong
James Zhong is an American man who was convicted in 2022 for stealing over 51,680 bitcoin (then worth about $620,000; value as of 2023 approximately $3.4 billion) from the online black market Silk Road between 2012 and 2014.He was also involved in the early development of bitcoin,he found an error on Silk Road that allowed him to withdraw more funds than what was initially deposited. This was activated by repeatedly double clicking the withdraw button, and further abused by using multiple accounts on the website. Zhong managed to conceal his identity and elude detection for nearly 10 years. He lived a luxurious lifestyle, using tools such as cryptocurrency mixers to obscure the origin of the bitcoin he spent. In 2019, he made a mistake by transferring a small amount of stolen bitcoin to a cryptocurrency exchange that followed know-your-customer rules. The IRS's criminal investigation division then tracked him down.
Source link: https://en.m.wikipedia.org/wiki/James_Zhong#

It turns out that Bitcoin stealers target not only big companies but individual users with modest amounts in their crypto wallets.

Now bitcoin is one of the safest way to invest digital currency. Because of its new and improved security system it makes it hard for hackers and thief to access

So now the question is bitcoin safe from hackers?, can it be stolen?

I think most things that could happen can be prevented if you are careful. Only download wallets from original sources, keep your see phrase secure, keep your devices secure. If you follow these rules you should be good.

If we're talking about losing Bitcoin from the Blockchain, then I think that it can be near impossible because if it were possible, considering the rate of hacks in the crypto space, we would have heard about Bitcoin hack. But on a personal level, it'll be very possible lose your Bitcoin, especially on the ground of negligence, if seed phrase is lost or stolen, then the Bitcoin in it can be lost, also if a holder keeps their Bitcoin in a centralized exchange, if the exchange is hacked, then the Bitcoin will also be lost. So the advice is to safeguard your Bitcoin in a none custodial wallet and keep your password and seed phrase in a very safe and secured location.