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williamz902

Founder of Exchange "Loses" Private Keys

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really? he lost the private key which contained 33 bitcoins? that's a lot of money. I bet this is just something like excuses to steal bitcoin secretly you know. This is like exit scam. We should not store if we have big amount of cryptos in exchanges. This is will happen the excuses of the owner. 


 

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On 11/7/2019 at 10:40 PM, williamz902 said:

According to a recent news report, a founder and CEO of a Zimbabwean exchange has lost the keys to the private wallet which contained 33 BTC worth of user funds. You can read more about the story here: https://thenextweb.com/hardfork/2019/11/01/ceo-loses-private-key-crryptocurrency-exchange-wallet/

I think that's a bad news for the exchanger users. Because they lose their fund. Crypto are decentralized system. We cann't access or restore our wallet without private key. Again we lose 33 bitcoin from the market.


 

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The private key is generated by a sophisticated mathematical algorithm outside the blockchain network. The public key and address are then automatically generated from the private key during each transaction. Both keys are stored in the wallet file and managed by the wallet program.

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If anyone's reserved keys quantity they cannot admission their account. That's a awfully miserable object happened to the founder. astray his privileged strategic capital he engrossed his capital on the account.

 

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Awh Zimbabian founder did so!? This is his one of the huge fault in the life. I think that can be fake too. Thief has so many tricks to steal money.K was that private key really lost by him or he is  just lying to eat that much BTC? Investigations should be done there.


 


 

 

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I can not believe this. It is not possible for him to lose private key. I also think seed please can be used to recovery it. I am not sure because I'm careful not to lose my wallet. 

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i assume The founder of a Zimbabwean cryptocurrency exchange has apparently lost the password to his organisation's wallet, dropping consumer finances

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On 11/7/2019 at 5:40 PM, williamz902 said:

According to a recent news report, a founder and CEO of a Zimbabwean exchange has lost the keys to the private wallet which contained 33 BTC worth of user funds. You can read more about the story here: https://thenextweb.com/hardfork/2019/11/01/ceo-loses-private-key-crryptocurrency-exchange-wallet/

LoL that's hilarious, how can an exchange founder and all his team lose the access to their cold wallet?

i didn't think that a thing like this was really possible, probably this is just an excuse to run away with their customers money

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Desafortunadamente, es un gran riesgo, pero debido a una falla humana, muchas personas pierden mucho descuido, y lo más triste es que nadie responde por los perdidos.

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I dont think this history of losing the key with 33 Bitcoins on his wallet! sincerely we are here in internet exposed for many bad things coming from those bad people who doing anythings to stole money people.


 

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Since he is a founder of an exchange, he will surely be prone to hacking because hackers know that he holds a lot of amount of bitcoin. Also he should maintain a better security and extra careful on his account because he know that he has a high position in the cryptoworld.

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If im the owner of this 33 btc, i will confused and disappointed to my self because this is a huge amount of money when it convert it into dollars and also i will blame myself by not securing my private key.

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This seems pretty interesting, Ceo of exchange loses private keys? How can a ceo be so stupid too loose such important things? Sure he will find out it in some times and solve all issue running.


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This is certainly a pessimistic point of view, thirty three BTC is not worth coming up and say: guys I have lost the purse key and lost your funds! It feels like a clown because it lacks the least skill or responsibility.

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I also read this news crypto wallets very bad thing is private keys or passwords not recoverable maybe in future wallets allow to recover private keys and password.

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This is very unfortunate, but is it true or is it a scam in this corruption-stricken country, I remember seeing a newscast showing that the President of Zimbabwe is winning the grand prize in the lottery! And who else will win!

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i think this man is obviously lying because you dont just lose all your private key copies and if you do so then you were not a responsible man in the first place.

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Key loss is a very common occurrence, I myself lost the keys to 2 accounts, but on which there were about $ 100. People will always lose the keys to their wallets. Soon, the number of coins on lost wallets will be more than coins in circulation, this will create a deficit and increase the price greatly.So for us there are only one pluses 🙂

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He is a founder of an exchange,and being in that position is known to be smart and wise. He is well educated especially when it comes to this crypto world so for sure he knows already what he should do also when it comes to our accounts so i think he already kept in a place where no one can access so maybe it is not missing.

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This is very bad news for the platform owner, and it should be a valuable lesson for every new or old person in the field who owns his money or bitcoin in online or external portfolios.

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This is bad, he must find his private key by all means or try to find money back for everyone. I wonder if this goes away, he finds his private key how many people will stay and trust him

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Bad news, unfortunately he lost all the money, but he has to compensate the users because he was responsible for the private keys and the safety of the users who trusted the platform.

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Feeling sorry for him and for all the user of that exchange. But how it can be possible. How the founder of an exchange lost his private keys. It's a height of carelessness.

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Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/
    • Почему цена биткоина столь волатильна и наступит ли стабильность?   Биткоин по-прежнему поражает своими непредсказуемыми изменениями цены. В момент своего создания его стоимость равнялась нескольким центам, а в марте этого года он достиг рекордного максимума на отметке почти $74 000. Этот долгий путь был отмечен крайней волатильностью, а иногда его колебания превышали 80%. Понимание нестабильной природы биткоина имеет решающее значение для успеха инвесторов и аналитиков, поскольку помогает составить представление о будущем криптовалют. Волатильность биткоина обусловлена множеством факторов, которые заключаются в характеристиках очень молодой цифровой валюты. В отличие от традиционных активов, имеющих многовековую историю, биткоин и рынок криптовалют в целом не имеют устоявшейся динамики рынка. В настоящее время из-за манипуляций его стоимость регулярно переоценивается рынком, что приводит к большим колебаниям цен в ответ на новую информацию и события. Одним из фундаментальных факторов, влияющих на волатильность BTC, является лимитированность его предложения в 21 миллион монет. Усиливающийся дефицит монет усиливает колебания цен, особенно на фоне растущего спроса со стороны розничных и институциональных инвесторов. Кроме того, влияние крупных инвесторов, которых обычно называют криптокитами, ещё больше усугубляет волатильность цен. Их значительные активы позволяют им влиять на динамику рынка с помощью крупных ордеров на покупку или продажу, что также приводит к резким изменениям цен. И здесь следует упомянуть относительную незрелость инфраструктуры рынка криптовалют и проблемы с ликвидностью, поэтому любые крупные сделки, безусловно, влияют на рыночные цены. Недостаток ликвидности может усилить колебания цен, поскольку инвесторы маневрируют, открывая позиции и выходя из них. Считалось, что появление деривативов, связанных с биткоином в виде спотовых ETF, и развитие рыночной инфраструктуры могут сделать торговый процесс более стабильным. Пока же мы наблюдаем резкие скачки из-за крупных притоков и оттоков средств. Источник - https://ru.investing.com/news/cryptocurrency-news/article-2410618
    • April Results: A British Pound Trade Nets NordFX Client Over $25,000 in Profit     Brokerage firm NordFX has summarized the trading performance of its clients for April 2024. The efficacy of social trading services, PAMM and CopyTrading, as well as the earnings of the company’s IB-partners were also evaluated.   - This month’s highest profit was earned by a client from South Asia, account number 1765XXX, who made $26,757 from trading the GBP/USD pair. - The second place in the TOP-3 was taken by their compatriot, account number 1751XXX, with earnings of $16,976 from gold trades (XAU/USD). - The third step of the April podium was claimed by a trader from East Asia, account number 1609XXX, who traded not physical but digital “gold”: bitcoin. It was the BTC/USD pair transactions that enabled them to profit by $14,301.   The passive investment services at NordFX showed the following trends:   - In the PAMM service, we continue to monitor the account named Kikos2. Opened on November 18 last year, now after 162 days of operation, it shows a fantastic profit of 1161%. While this result is impressive, the aggressive trading strategy has also led to a substantial drawdown of 58%. Unrelenting statistics demonstrate that even more conservative trading can lead to a complete loss of funds. Therefore, investors must always exercise utmost caution and only risk the money whose loss will not disrupt their normal life. We will continue to monitor and see what happens with this account in May.    - In CopyTrading, we have previously highlighted the signal yahmat-forex, which has shown a return of 415% over 312 days with a maximum drawdown of 37%. Another interesting signal called NordFXSrilanka has made a profit of 39% in 113 days, specifically since January 6, 2024. While not as impressive as yahmat-forex, its notable advantage is a very small drawdown: just about 9%.   Among the IB-partners of NordFX, the TOP-3 are as follows: - The largest commission reward of $22,732 was credited to a partner from Western Asia, account number 1645XXX. - The next is a partner from South Asia, account number 1682XXX, who received $5,224. - Finally, rounding out the top three is their compatriot, account number 1565XXX, who was rewarded with $3,614.   ***   As we conclude this month, it is important to note that NordFX clients now have yet another excellent opportunity to enhance their financial portfolio. In the 2024 super lottery, 202+4 cash prizes totaling $100,000 will be awarded. Participating in the lottery and securing a chance to win one or even several of these prizes is quite simple. For more details, visit the NordFX website. Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/
    • Со временем которое осталось, да скорее все так и может быть, но лучше будет постараться дойти до 6-го уровня, то есть довести дело до конца, а после и расслабиться. Хотя даже так увы нет никаких гарантий, что это может нам что-то принести, но будем надеяться, что 6 лвл будет иметь весомое значение при раздаче.
    • SwapGate | Efficient Cryptocurrency Exchange SwapGate provides you with an innovative platform for instant cryptocurrency exchange. Our mission is to offer a fast, secure, and convenient exchange service for over 100 types of cryptocurrency assets without the need for lengthy registration and KYC procedures. Our service works 24/7 and you can already make your cryptocurrency exchanges now. Our platform is simple, easy to use, and built for efficient cryptocurrency transactions. Here are our key features of the SwapGate platform:  Fast and Affordable: Start exchanging instantly without going through registration. Transparent terms and conditions: We guarantee no hidden fees and fair transaction terms.  High security: We use advanced encryption and security technologies to protect your data and funds. About SwapGate: At SwapGate, we are committed to continuous development and innovation. Our team are professionals in their field, united by a common goal to create an efficient cryptocurrency exchange platform. We strive to offer the best service and constant online customer support . You can efficiently perform cryptocurrency manipulation on our website, and here are the short steps to exchange on SwapGate:  Asset selection: Determine which cryptocurrencies you want to exchange.  Determining the exchange rate: Choose a floating or fixed exchange rate.  Confirm & Send: Confirm the transaction details and send the cryptocurrency to the specified address.  Receive Coins: Track the exchange process in real-time and receive your cryptocurrency to the provided wallet. Join SwapGate and make fast exchanges without hidden fees! ️ SwapGate has a seamless support team ready to assist you with your cryptocurrency exchange needs. For more information, please get in touch with us:  Online chat: On the website, click on the blue dialog box  Email: info@SwapGate.io  Tech Support: @SwapGate_SupportBot on Telegram SwapGate is the choice for safe and easy cryptocurrency exchange with favorable fees. Easily exchange fiat for cryptocurrency and one cryptocurrency for another. Join us on https://swapgate.io and enjoy fast transactions now.
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