A sad story has appeared on the Happycoin.club platform about a woman from Los Angeles who lost her home and all her savings due to a forest fire that engulfed Southern California. Most of its assets were stored in cryptocurrency, mainly in bitcoins.
The woman's nephew shared the tragic details. According to him, the private key to her crypto wallet was written down on a piece of paper and stored in a desk drawer. Unfortunately, the woman had no other ways to access her digital assets, and with the fire, not only the walls of her house disappeared, but also the only way to return her funds.
At the age of 70, my aunt lost her home during the wildfires in Los Angeles. The bulk of her savings were in cryptocurrency, and now she was left without a wallet and an initial phrase, since there were no backups. I understand that the situation is difficult, but, alas, this is the reality. I'm just in shock. That's all she had," said a relative of the victim.
A private key is the only way to access cryptocurrencies. In case of its loss or destruction, it is impossible to restore access to assets.
This story caused a wide response on social networks. People began to recall their cases. One of the users reported that he lost bitcoins when he accidentally threw away a sticker with a key written on it during the move. Another told about a friend who lost his private key, engraved on metal, after the destruction of his house by a hurricane.
And now for yourself
First of all,
It is surprising that a woman in her 70s had savings in cryptocurrency.
Project the types of their savings assets onto our 70-year-old society.
I think you can feel the level.
Secondly,
When interacting with cryptocurrencies, it is important not only to have a cold wallet, but also to store the seed phrases from it in different physical locations.
Even if you lose your wallet, if you purchase a new one, seed phrases will allow you to easily restore access to your private keys and all your crypto assets on the new hardware wallet.
