What's Hot

    Huge state-owned Chinese blockchain ChainMaker

    04.02.2023

    “Cryptotolet will start in Q2 2023”

    04.02.2023

    Elon Musk vows to share ad revenue with content creators

    04.02.2023
    Facebook Twitter Instagram
    Saturday, February 4
    Facebook Twitter Instagram
    Crypto News
    • Home
    • Bitcoin
    • Ethereum
      • Altcoins
      • ICO
    • Analytics
    • Blockchain
    • Other
      • DeFi
      • Mining
      • Regulators
      • Security
    Crypto News
    Home»Security»Investors lost $ 100 billion due to lost passwords to crypto wallets
    1fe1d560e3d1cfe3b42aa403b351d2d93052a884
    Security

    Investors lost $ 100 billion due to lost passwords to crypto wallets

    AdministratorBy Administrator28.12.2021No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Reading time: ~ 2 m


    The CEO of the KeychainX cryptocurrency portfolio recovery service Robert Rodin said that investors lost about $ 100 billion due to the loss of access to digital asset storages. He also noted that his company is helping people generate income by using funds that were thought to be lost.

    KeychainX works with all crypto wallets, but most applications come from holders of Bitcoin (BTC), Solana (SOL), Cardano (ADA), Ethereum (ETH), and Dogecoin (DOGE).

    Rodin said that recently, customers have been increasingly coming to them because of problems with Face ID (face unlocking) on ​​their smartphones. In addition, users forget to back up their data, and when they restart their devices, they lose access to cryptocurrency storages.

    Relatives of deceased people who have accumulated a certain amount of digital currency during their lifetime, but have not given the keys to their wallets to KeychainX, also contact KeychainX.

    To make sure that the customer who contacts them is really the owner of virtual assets (or heir), access to which has been lost, the company carefully studies its history, as well as the data provided to them. After that, a confidentiality agreement is signed, which sets out the conditions for the refund. At the moment, the volume of assets under management (AUM) in encrypted portfolios managed by KeychainX is approaching $ 2 billion.

    The Americans Chris and Charlie Brooks from New Hampshire are also involved in recovering lost passwords to crypto wallets. To do this, they created the Crypto Asset Recovery self-service platform. At the same time, experts noted that people will never be able to return most of the lost digital assets (90-95%).




    #Investors #lost #billion #due #lost #passwords #crypto #wallets

    billion crypto due Investors lost passwords wallets
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Avatar of Administrator
    Administrator

    Related Posts

    Protocol Labs to cut 21% of staff due to crypto winter

    04.02.2023

    Hacked BonqDAO protocol laundered $2 million through Tornado Cash

    04.02.2023

    Cryptoscams in the App Store, mining botnet on 1200 servers and other cybersecurity events

    04.02.2023

    how the decision of the American authorities affected the crypto market

    03.02.2023
    Add A Comment

    Leave A Reply Cancel Reply

    Recent Posts
    • Huge state-owned Chinese blockchain ChainMaker
    • “Cryptotolet will start in Q2 2023”
    • Elon Musk vows to share ad revenue with content creators
    • News Hedera (HBAR)
    • Artificial intelligence determined the price of Solana on February 28
    Recent Comments
    • 수원출장 on A professor from a US university restored the Tornado Cash code to GitHub
    • 123 on Taproot support added to LND Lightning client
    • houston junk car buyer on 16,000% increase in social media mentions in 2021 Shiba inu
    • Jim Carrey Memy on Bitwise Launches NFT Tracking Index Fund
    • hotshot bald cop on Kava developers launch testnet with EVM support
    Archives
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • September 2022
    • August 2022
    • July 2022
    • June 2022
    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021
    • November 2021
    • October 2021
    • September 2021
    • August 2021
    • July 2021
    • June 2021
    • May 2021
    • April 2021
    • March 2021
    • February 2021
    • January 2021
    • December 2020
    Categories
    • Altcoins
    • Analytics
    • Bitcoin
    • Blockchain
    • Ethereum
    • ICO
    • Mining
    • Other
    • Regulators
    • Security
    Meta
    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    Top Posts

    Subscribe to Updates

    Get the latest sports news from SportsSite about soccer, football and tennis.

    Advertisement
    Demo
    Facebook Twitter Instagram Telegram
    • Home
    • Bitcoin
    • Ethereum
    • ICO
    © 2023 Bt-Crow.com - CryptoNews

    Type above and press Enter to search. Press Esc to cancel.