He mined #Bitcoin when it was under $0.05
He held the keys to 25,000 $BTC
The Tragic Story of how ALLINVAIN lost $1.6 billion in one of the biggest robberies in crypto history đ„
ALLINVAIN backed up his wallet to Dropbox, Wuala, and SpiderOak.
He later deleted them after he found out Dropbox employees could remotely access files.
But the real issue was someone hacked his computer and stole the UNENCRYPTED wallet file.
ALLINVAINâs biggest mistake was that he kept his keys unencrypted on his computer.
His hack is a reminder to always keep your private keys written in a secure OFFLINE location
Even some of the biggest names in Bitcoin have suffered similar exploits
Today ALLINVAINâs story lives as a reminder of the importance of security and safety in btcâŻ.
