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Friday, August 11, 2017

Bitcoin Investor Loses $50,000 as His Wallet, Backups Get Damaged by Fire

Bitcoin Investor Loses $50,000 as His Wallet, Backups Get Damaged by Fire

A Reddit user claims that he lost $50,000 worth of the cryptocurrency Bitcoin when the SSD where he stored his Bitcoin wallet caught fire and damaged beyond recovery. The fire could have originated from another computer part, though.

Based on the images shared by the user on social media, the computer’s hard disk drive was also severely burnt.

According to the user, he/she had backed up the wallet and created offline copies of the data needed to restore it. He/she allegedly wrote the recovery code on a piece of paper and also stored it on a USB drive.

However, both the piece of paper and the USB drive were placed near the hard drive storing the Bitcoin wallet address, and they were all burnt down during the fire.

Full story at

Source: CoinTelegraph

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