Crypto User Loses Over $100K in Bitcoin While Transferring His Wallet

Crypto User Loses Over $100K in Bitcoin While Transferring His Wallet


A bitcoin user has shared his story of how he lost more than $100,000 in BTC during a wallet transfer. The bitcoiner attempted to transfer a wallet to a new computer without making sure that he had access to the encryption passwords tied to his private key storage.

Password Manager Didn’t Store Passphrases Needed to Access His Private Keys

According to the testimony published on Reddit, the crypto user known as “Onnar” claimed to have lost access to 2.6 BTC from the transfer of his wallet to a new computer acquired during the Christmas holidays.

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He wiped the hard disk of his old computer, which he wanted to use only for work-related matters. However, he did not check the password manager he used to store the passphrases needed to access the wallet’s private keys.

Onnar detailed that he had already encrypted backups of his private keys on two USB drives stored in separate locations. He then plugged one of

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