Lookonchain
A Bitcoin holder reportedly lost all 80 BTC, valued in the post at $5.2 million, after moving the funds to a Ledger device bought from reseller CryptoBillis. The post says he had acquired the BTC four months earlier at about $65,000 each and was sitting on a $1.38 million profit.
Why it matters
The account highlights the risks of buying hardware wallets through resellers and moving a large balance into a new device. It does not describe how the BTC was lost or establish that the Ledger device itself caused the loss.
Market impact
The post is a security warning for Bitcoin holders, especially anyone transferring a substantial balance to a newly purchased wallet. Verify device provenance and wallet setup before moving funds, and consider testing with a small amount first.
Frequently asked questions
-
How much Bitcoin did the holder reportedly lose?
The post says the holder lost 80 BTC, valued at $5.2 million.
-
Where did the holder reportedly buy the Ledger device?
The post says he bought the Ledger device from a reseller called CryptoBillis.
-
When did the holder buy the 80 BTC?
According to the post, he bought the 80 BTC four months earlier at about $65,000 each.
-
What profit was the holder reportedly sitting on?
The post says the holder had a $1.38 million profit before the reported loss.
-
Does the post explain how the Bitcoin disappeared?
No. It says the holder lost the funds after depositing them into the device, but gives no details on how they disappeared or whether the device caused the loss.
CoinDesk
CoinTelegraph
TheBlock
Crypto News
CryptoSlate