$BTC
👑 One of the most painful cases in Bitcoin history
More than 16 years ago, a BitcoinTalk user under the nickname Stone Man bought 9,000 #BTC and made a backup of his wallet.
Later, he booted into a temporary Linux environment and decided to send 1 #BTC to himself. The transaction went through, but the remaining 8,999 #BTC were automatically sent to a new change address—its private key was created after the backup.
The computer was turned off, and the temporary system disappeared.
After restoring the wallet from the backup, access to 1 #BTC remained, but the key to the address holding the 8,999 #BTC from the old copy simply didn’t exist.
Today, those 8,999 #BTC would be worth roughly $648 million.
He had a backup. The only issue was that at the time it was created, the key to the future $648 million didn’t exist yet.
👑 One of the most painful cases in Bitcoin history
More than 16 years ago, a BitcoinTalk user under the nickname Stone Man bought 9,000 #BTC and made a backup of his wallet.
Later, he booted into a temporary Linux environment and decided to send 1 #BTC to himself. The transaction went through, but the remaining 8,999 #BTC were automatically sent to a new change address—its private key was created after the backup.
The computer was turned off, and the temporary system disappeared.
After restoring the wallet from the backup, access to 1 #BTC remained, but the key to the address holding the 8,999 #BTC from the old copy simply didn’t exist.
Today, those 8,999 #BTC would be worth roughly $648 million.
He had a backup. The only issue was that at the time it was created, the key to the future $648 million didn’t exist yet.
