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Bitcoin Investor Loses All 80 BTC After Moving Funds to Ledger Wallet Bought From Reseller

Source
JH Kim

Summary

  • A Bitcoin holder reportedly lost all 80 BTC after transferring the funds to a hardware wallet bought from a reseller.
  • Lookonchain said the investor lost all 80 Bitcoin after moving the funds to a Ledger wallet purchased from CryptoBillis.
  • The investor spent a total of $5.2 million to acquire the 80 Bitcoin, and the cause of the wallet breach and any connection to the reseller have not been confirmed.

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A Bitcoin holder is reported to have lost all 80 BTC after transferring the funds to a hardware wallet bought through a reseller.

Lookonchain, an on-chain analytics firm, said on Oct. 9 that the investor lost all 80 Bitcoin after moving the holdings to a Ledger wallet purchased from reseller CryptoBillis.

The investor spent a total of $5.2 million to acquire the 80 Bitcoin.

The exact cause of the wallet breach and any link to the reseller have not been confirmed.

Photo: Shutterstock
Photo: Shutterstock
#Wallet Security
JH Kim

JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.

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