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Coin Bureau Unveils The Biggest Crypto Losses And Techniques To Recover Lost Crypto

In the recent video, host Mike Jenkins from the widely-followed crypto channel Coin Bureau unveils the biggest crypto losses in history and shares techniques the recover lost crypto.

“Chainalysis estimates that another 2 million BTC has been lost since the first bull market in 2011. This is because a total of nearly 4 million BTC has not moved since that time”.

Gabriel Abed 800 BTC

Gabriel Abed is a cryptocurrency entrepreneur from Barbados. He is the founder of a series of software companies and crypto VC firms. He also advises the World Economic Forum about cryptocurrencies

Gabriel Abed lost around 800 Bitcoin — now worth around $25 million — when a colleague reformatted a laptop that contained the private keys to a Bitcoin wallet in 2011.

“Luckily for Gabriel, this was just a small fraction of his Bitcoin holdings which he spread out between multiple wallets as a precaution”.

Campbell Simpson 1400 BTC

Campbell Simpson is a journalist and freelance writer from Australia. He worked for Gizmodo for 3 years

In 2010 Campbell spent $25 purchasing tokens distributed by a then-obscure, unknown, and predominantly academic project called bitcoin. In exchange for this apparently foolhardy decision, Campbell was sent 1400 bitcoins stored on a hard drive which he threw out after breaking up with his girlfriend.

James Howells 7500 BTC

James Howells is a computer systems engineer from the United Kingdom. He’s one of the first people who mined Bitcoin and also created a point-of-sale terminal for Bitcoin Cash.

In 2013, Bitcoin made the news because of its bull run and James remembered that he had 7500 BTC which was now worth millions of dollars. Yet, he cleaned his office when he accidentally threw away the hard drive with bitcoin that is now worth a small fortune.

Stefan Thomas 7000+ BTC

Stefan Tomas is a software developer from the United States. He is the former CTO of Ripple Labs and is currently the CEO of a web monetization platform which leverages Ripple’s interledger protocol.

In 2011, Stefan was given over 7000 BTC as payment for producing a YouTube video that explains how Bitcoin works. He put his private key on a secure USB and forgot the password. He has 2 guesses leftto figure out a password that is worth, as of this week,  about $220 million.

How To Recover Lost Cryptocurrency?

“If you’ve permanently deleted the file by emptying your recycle bin or trash folder, it should still be possible to recover the file on your own using a free data recovery tool like Recuva”, say Jenkins

When it comes to those hard drives that were thrown out, these end up in a local landfill since e waste is difficult to recycle. Landfills keep good records of where garbage is thrown, so it should be recoverable.

The trader further adds that if you can get even just a fragment of your wallet information, there is a service in the United States that can brute force the rest of it. Some crypto wallets like Metamask offer wallet recovery tools as well.

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