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Brazilian YouTuber Allegedly Loses $60K in Crypto Through Accidental Seed Phrase Exposure in Livestream

Brazilian YouTuber Allegedly Loses $60K in Crypto Through Accidental Seed Phrase Exposure in Livestream

Ivan Bianco Loses $60,000 in Crypto and NFTs Due to Security Oversight

Brazilian YouTuber Ivan Bianco, known for his blockchain gaming content on the “Fraternidade Crypto” channel, suffered a significant loss of nearly $60,000 in cryptocurrency and NFTs. During a live broadcast, he unintentionally displayed his crypto wallets’ seed phrases, allowing unidentified individuals to gain control and siphon off his assets. Bianco attempted to create a new wallet, but it was too late as the funds had already been withdrawn.

Key Points:

  • Ivan Bianco displayed his crypto wallets’ seed phrases during a live broadcast, leading to the loss of his assets.
  • Approximately $50,800 worth of MATIC tokens and $5,750 worth of ETH were stolen.
  • Smaller amounts of various cryptocurrencies were also taken.
  • Bianco confirmed a total loss of around $60,000 in tokens and NFTs.
  • An unidentified individual claimed responsibility for the theft and returned the majority of the stolen MATIC tokens.

Despite filing a police report, Bianco expressed skepticism about the police’s ability to understand the situation fully and expects a lengthy resolution process. He received a Discord message from the thief, who expressed regret and returned most of the stolen MATIC tokens. Bianco chose not to disclose the thief’s identity but is working to track down the others who took smaller amounts. He hopes that his experience will serve as a warning to others to be more cautious with their digital assets.

Source: Decrypt

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Brazilian YouTuber Allegedly Loses $60K in Crypto Through Accidental Seed Phrase Exposure in Livestream