A man accidentally deleted a fortune from his father-in-law’s Bitcoin wallet and has no idea how to get it back. The amateur crypto investor revealed that he made a “terrible mistake” after trying to divide the digital currency between the parents of his newly divorced partner. He said that although he was “hesitant” to get involved initially, he was trying to help the couple split their digital assets. But since the man involved his mother-in-law in cryptocurrency, he felt compelled to help them during their separation, and that’s where the story begins. This interesting crypto story, cryptocoin.com compiled for our readers.
Confused groom forgot to save seed wordsTransferred to account
The hero of the story set up a new hardware wallet on Trezor to securely store his father-in-law’s Bitcoin and successfully transferred half the funds from his ex-wife’s wallet. He soon realized, however, that he wasn’t getting seed words (a series of words in a specific order to allow users to recover their wallets) from Trezor, as it was disconnected during initial setup. Regarding the subject, the person made the following statement in a Reddit message:
I needed to secure the USB connection and continue with the installation. What I didn’t realize at the time was that this was my only chance to get my seed words. I did it without knowing that I went ahead with the setup with a PIN and sent the money. It was displayed but I noticed that it didn’t get any of the seed words.
The panicked user quickly sent the Bitcoin back to her mother-in-law’s Trezor device and saved her ex-husband’s address in the wallets. Then he decided to delete his father-in-law’s empty account and restart the setup of his Trezor wallet so he could successfully note down all the essential words for the new account. But the crypto troubles did not end there, our hero sent Bitcoin to his father-in-law’s old account, which he could not access without the basic seed words. The person explained that he did not realize that deleting the wallet would change the address, as he had already successfully sent 120,000.
Asked Reddit for help to save Bitcoins (BTC)
Our hero said that this is not a small amount of cryptocurrency, it has become a burden on the family and acted in good faith:
I reached out to Trezor support but they didn’t get back to me. Anyone have any advice please?
The crazy groom’s latest attempt to reverse his financial misfortune by calling tech-savvy Reddit users also didn’t go as he had hoped. Redditors were of no help and frankly told the man, “The Bitcoin you sent is gone forever.” One Reddit user said, “You’ll never get it back and no one can help you. Even Trezor,” said another, “There’s nothing you can do. This is very unfortunate. I’m sorry,” he added. A third party also wrote: “This is why you should never snatch other people’s Bitcoin (BTC). What a crazy man this is. I am very sad. Do they hold you accountable? I guess you will feel responsible.”
The groom promised his father-in-law that he would “fix this and make it whole”. He told the Reddit user that he fixed his expensive mistake: “It might take a while. I need some money to go to the moon so I can recover those losses.” Others shared similar horror stories about transferring and losing cryptocurrency, but few offered advice on how to get their Bitcoin back.
Cryptocurrency warnings from experts
According to experts, buying any cryptocurrency is incredibly risky. Because in any investment, there is a risk that the value of your money will both decrease and increase. For this, experts say you should only invest as much money as you can afford to lose. Experts make the following reminders:
Cryptocurrencies can be riskier than other investments because they are volatile and speculative. Their prices often rise and fall very quickly, sometimes for seemingly no reason. The short history of many cryptocurrencies makes them difficult to understand and predict.
Also, this type of investment is not protected by the regulator, which means you have no protection if things go wrong. We have to remind you that the UK regulator has warned that Brits risk losing all their money if they invest in cryptocurrencies. The experts’ opinion is as follows:
If you are considering investing in any type of cryptocurrency, do your research first and only invest with money you can afford to lose. Be wary of scams as well, as the crypto market is often the target of scams.
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