Sixteen years ago, there were no cold wallets or user-friendly applications for storing Bitcoin, and this man lost approximately 9,000 Bitcoin due to a technical error: he ran the wallet on a Linux system using a Live CD, sent 1 Bitcoin to another wallet, and the program generated a new address to store the remaining amount and saved his private key in a temporary file.

He restarted the machine before backing up the new file.

The coins remain frozen to this day, with a value of approximately $700 million!

This is many times more than what was lost in the ColdCard wallet hack.

#BTC

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