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September 24, 2020
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Popular businessman loses 7 years of savings in Bitcoin with a single mistake

Businessman Eric Savics had been saving Bitcoin for seven years. He lost his entire $ 113,000 stock in twenty minutes

Well-liked in the crypto community, Protocol Podcast entrepreneur and host Eric Savics lost his entire Bitcoin savings – 12 Bitcoins, worth $ 113,000 – in a phishing attack as a result of downloading a malicious version of KeepKey Bitcoin wallet.

Savics has since sought help from the community, but these events are generally irreversible. “I had all my Bitcoins stolen from me in a hardware wallet phishing scam. Has anyone successfully recovered stolen Bitcoins? Any help or guidance would be appreciated, ”he tweeted today.

Jameson Lopp, Casa CTO, who builds Bitcoin nodes and security software, replied: “I’m sorry for your loss; never enter a recovery phrase on a computer. ”

The podcast host, who had been slowly building his Bitcoin stock since 2013, had used the KeepKey Bitcoin client on his desktop and decided to download the corresponding app. But when he downloaded it from the Google Chrome store and entered his recovery phrase (used to generate a Bitcoin private key, which acts as a password for the funds), his Bitcoins were quickly stolen.

One person expressed sympathy for his situation. “Eric, can you post a BTC address? I will donate some to get your balance off ”, tweeted a pseudonym Bitcoiner known as OrangeDog.

In retrospect, Savics said he realized that the wallet was fake due to a typo. “Look at this screenshot, I just noticed it now. But the scammers wrote the wrong sentence, ”he added.

Crypto exchange ShapeShift, which operates the KeepKey wallet, warned last week that there are fake KeepKey apps in the Google Chrome store. “We will never ask for your 12-word recovery phrase, if anyone does this is a scam. Phishing attempts, such as these fake wallet apps, can lead users to lose their cryptocurrencies, ”he warned.

Google has long had a problem with fake crypto wallet apps and extensions. In April, the company removed 49 fake crypto wallet extensions that mimicked popular platforms like Ledger, MyEtherWallet and Trezor.

Source: Decrypt

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