The Redditor attempted to transfer a wallet to a new computer without confirming the password to the private keys was accessible.
A Redditor has issued a warning to “overconfident” HODLers after losing the password to their crypto wallet by not acting cautiously enough.
A Bitcoiner with the username Onnar posted they had lost access to 2.6 Bitcoin (BTC) — roughly $96,400 at the time of publication — while attempting to transfer a wallet to a new computer purchased over the holidays. The user claimed to have formatted the drive of their old system without double checking whether the password manager still contained the password needed to access the private keys.
“I go to my password manager to grab it and… it’s not there,” said Onnar. “No mention of a BTC password anywhere to be found. I spend the next 30 mins rechecking and rechecking, but it’s not there.”
The Redditor admits the mistake is “100% my fault” because they