A document posted on the agency’s website indicates that the IRS is seeking new ways of accessing cryptocurrency Hardware Wallets in criminal investigations and finding key clues as more and more investors and criminals are turning to these wallets to secure their money and protect ill-gotten bitcoins. The document also states that decentralization and anonymity… Continue reading The IRS is seeking help to hack into Encrypted Currency Devices wallets.
Author: warrior
No Clue to Crypto Wallet Password Worth Millions of Dollars After Owner Passed Away
Gerald Cotton, owner and CEO of Quadriga CX, Canada’s largest crypto exchange, owned 145 million cryptocurrencies and was the only person who knew the password Unfortunately, he passed away unexpectedly on December 9 because of Crohn’s disease, leaving this fortune locked in a digital wallet where nobody can access it. Upon his death, his wife,… Continue reading No Clue to Crypto Wallet Password Worth Millions of Dollars After Owner Passed Away
Journalist Struggled to Regain Access to Bitcoin Worth $ 30,000
In January 2016, a veteran tech journalist named Mark spent $3,000 to buy 7.4 Bitcoins, cryptocurrencies that use the blockchain to register transactions on their network. At that time it seemed very beneficial because his experiments with Bitcoin had been great. He Previously used it in Meltdown Comics in Los Angeles to purchase graphic novels.… Continue reading Journalist Struggled to Regain Access to Bitcoin Worth $ 30,000
How Bitcoin “Bank” On Its Owners
Many have owned coins since the early days of Bitcoin a decade ago when no one believed in the value of digital chips. But nowadays, Bitcoin has made many of its owners extremely rich in a short period. Thanks to its open nature, Bitcoin provides its users with easy access to affordable digital financial products… Continue reading How Bitcoin “Bank” On Its Owners
Farmer Hoping to Recover 100K Worth of Bitcoin
A few months ago I a random call from a CPA named Fox who attended one of my webinars about cryptocurrency taxes. Fox told me a strange story about one of his clients, Mrs Samantha, the owner of an animal farm in rural Missouri. In 2010, she bought some medicines for her animals from a… Continue reading Farmer Hoping to Recover 100K Worth of Bitcoin
Fraudster Refuses to Provide password to $60 Million Worth of Bitcoin
A group of German lawyers seized $ 60 million of Bitcoin after a fraudster was arrested. The only issue is that they cannot get the money because he refused to give them the password. The man was sentenced to prison and remained silent throughout his detention, while the police were trying their best to decode… Continue reading Fraudster Refuses to Provide password to $60 Million Worth of Bitcoin
How to Restore Funds From a Lost Wallet Using Seed Phrase
Cryptocurrencies’ decentralized nature makes lost wallet passwords a pain for the unlucky folks. Previous reports detail that around 20 percent of all Bitcoin in existence is lost in stranded wallets. As this issue came to the limelight, companies such as BTCRecover stepped up to assist crypto owners locked out of their wallets. Among the methods… Continue reading How to Restore Funds From a Lost Wallet Using Seed Phrase
How to Recover Your Funds From a Lost Crypto Wallet
Losing a cellphone or hardware wallet with your crypto assets is a hassle, but it shouldn’t leave you in despair. If you had initially backed up your private key then restoring your coins is a piece of cake. Continue reading and find out how. Using the Seed Phrase to Access Your Funds A backup is… Continue reading How to Recover Your Funds From a Lost Crypto Wallet
Bitcoin Owners Who Cannot Access Their Wallets Have New Hope
According to the Chainalysis data, it is estimated that owners cannot access $140 billion worth of bitcoin holdings because their owners have forgotten their passwords. The figure represents roughly 20% of the 18.5 billion existing BTC. To some extent, the coin’s owners can’t get hold of holdings that are worth millions of dollars. Bitcoin Nature… Continue reading Bitcoin Owners Who Cannot Access Their Wallets Have New Hope