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Influencer accidentally reveals his seedphrase on a stream, loses everything (around $50k)

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by COINS NEWS 108 Views

Influencer accidentally reveals his seedphrase on a stream, loses everything (around $50k)

PSA: this was posted yesterday by another user, but it was a mere Twitter link in Portuguese. I have dug into the story and translated everything to share here, so that we can understand what happened.

The influencer is Ivan Bianco, who has a channel in Portuguese about crypto. He was talking about his DeFi earnings. He was trying to access his Gala account (crypto-related gaming stuff). He wasn't with his phone and had to open a password file to actually make the login.

"Let me log in here folks, on the other screen so that I don't show my account details. [...] I'm not logged in and my smartphone isn't here with me now."

He then proceeds to open Windows explorer and drags the files for a second screen. However, when he opens a "back.txt" file, it appears on the shared screen and everyone could see it:

https://preview.redd.it/4a60xt02wflb1.jpg?1536&format=pjpg&auto=webp&s=13169e25c13e8819c3cbd582d72cf33acf6a114f

"Fuck, I screwed up big time! Will have to close the stream and I explain later on. I fucked up big, big time", he said immediately, closing the stream afterwards.

Someone was faster than him, though. A few hours later he did another stream, crying and stating that it was his lifesavings (around $50k USD) and that everything he has comes from DeFi.

"He stole everything man, the money of a lifetime. I can't believe I did this, that I screwed this up"

He then pledged the thief to give it back, because he wouldn't even have money to pay his bills because, again everything comes from DeFi. Apparently, the thief returned part of the funds, but I wasn't able to verify how much.

Well...

  1. Don't store your seed phrase digitally. Ever.;

  2. Even people who apparently know more than the average Joe can screw up big time;

TL;DR

Mate opened his seedphrase while live on YouTube, someone stole his wallet. Part of the funds were returned.

submitted by /u/reddito321
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