Archive for category: cryptocurrency

James Howells, 36 Lost £340MILLION In Bitcoin After Accidentally Losing His Hard Drive 🀣🀣🀣🀣

James Howells who lost Β£340million in Bitcoin after tossing out his hard drive has recruited NASA data experts to help find his whopping fortune.

But James Howells, 36, fears stubborn council bosses are willing to leave the treasure chest of Bitcoin buried under piles of rubbish – after he accidentally dumped his hard drive at a tip in 2013.

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The Sun Article

The Bank of England has said that bitcoin is β€œworthless” and people investing in the digital currency should be prepared to lose everything. 🀣🀣🀣🀣

The Bank of England has said that bitcoin could be β€œworthless” and people investing in the digital currency should be prepared to lose everything.

In a warning over the potential risks for investors, the central bank questioned whether there was any inherent worth in the most prominent digital currency, which has soared in value this year to close to $50,000 (Β£37,786) a piece.

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The Guardian Article

Jen McAdam and friends lost Β£220k in OneCoin cryptocurrency scam. She encouraged them to invest. She’s 51-year-old, from Glasgow. 🀣🀣🀣🀣

A SCOTTISH woman who was conned in an international cryptocurrency scam has announced she is spearheading a class action lawsuit to recover money for victims.

Jen McAdam, who is to be played by Kate Winslet in a new Hollywood movie, lost around Β£9,000 to the OneCoin Ponzi scheme which has defrauded up to Β£4 billion from people around the world.

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The Scottish Sun Article

Crypto Exchange Loses $ 80 Million in Major Heist 🀣🀣🀣🀣

The hot wallet β€” a wallet where readily accessible funds are held β€” of cryptocurrency exchange AscendEX was hacked and tens of millions of dollars worth of Ethereum and Polygon assets were stolen.

AscendEX lost about $77.7 million in the hack. After realizing that the platform was compromised, AscendEX warned its users but also reassured them that since the cryptocurrency reserve held in the firm’s cold wallet was not accessed by the attackers, user funds have not been impacted.

Benzinga Article

Crypto Trader Lost All His Life Savings Trading Crypto And Even Took Out A £30,000 Loan To Buy MORE And Still Lost 🀣🀣🀣🀣

A TRADER has lost their entire life savings and took out Β£30,000 in loans to buy more crypto after the currency market plummeted.

The gut-wrenching story was shared by one unlucky person on a Reddit cryptocurrency forum.

The Sun Article

Senior Manager Loses Over RM600,000 In Bitcoin Investment Scam 🀣🀣🀣🀣

A senior manager of an insurance company has lost over RM600,000 from being cheated by a bitcoin investment syndicate since October.

Petaling Jaya police chief ACP Mohd Fakhrudin Abdul Hamid said the 40-year-old local woman got involved in bitcoin investments through a mobile phone application believed to be introduced to her by a foreign man.

He said the victim got to know the man who used an international phone number in early October.

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The Star Article

Two Australian Crypto Exchanges Collapse With $50 Million Lost 🀣🀣🀣🀣

Blockchain Global (BG), the parent company of crypto exchange ACX collapsed.
Mycryptowallet also collapsed last week 🀣🀣🀣🀣

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The Guardian Article

Bitmart Loses $200 Million In Hack 🀣🀣🀣🀣

Crypto trading platform BitMart released an update on the devastating security breach that caused about $200 million in losses, writing on Monday that the breach was “mainly caused by a stolen private key that had two of our hot wallets compromised.”

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Zdnet Article

Celsius Network Lost $50 Million Due To Hacking 🀣🀣🀣🀣

The crypto firm Celsius Network was also affected by the BadgerDAO hack. The firm lost $55 million worth of wrapped bitcoin (wBTC).

Several users were complaining about receiving unusual requests for additional permissions in their accounts. The attacker managed to add a script to the frontend that tricked users to provide access to the hacker to drain the funds from their wallets.

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Original Article

CRASHING OUT : He was a cryptocurrency millionaire for about 5 minutes with $1.3million – Then I Lost Everything As The Coin Crashed 🀣🀣🀣🀣

A TRADER has became a millionaire after investing in cryptocurrency – but only for five minutes as he lost everything when the coin crashed.

The Reddit user made $1.3million after investing in SQUID, the digital currency inspired by the Netflix series Squid Game only to lose it all in a rug pull scam.

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The Sun Article