An unlikely story. Cryptocurrencies came into existence in 2009. 14 years later, many users lost access to their precious wallet. These include early adopters, whose savings have been able to turn into real treasure. Fortunately, in some cases, a good Samaritan help with recovery of funds.
Coinbase director finds thousands of dollars in crypto
The 5 of July, Conor Groganthe chief product officer for Coinbase, told a surprising story via a Twitter thread.
The latter explained how he found the track of more than $320,000 in cryptocurrency and managed to contact the owner of the funds.
In 2016, the Ethereum blockchain was split into two projects following the The Dao hack. This is how we had, on the one hand, Ethereum (ETH) and, on the other, Ethereum Classic (ETC). On this occasion, each ETH holder was distributed an equal amount of ETC. However, this fork took place more than a year after the launch of Ethereum, and some users missed the news.
Thus, Grogan looked at the list of accounts that had not touched their ETCs. He discovered 20 addresses with over $250,000 in ETC. From this list, Conor Grogan decided to try to find a way to find the owners of the addresses.
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The hunt for lost corners begins
In his research, Grogan comes across an address beginning with “0x475”which contained a cryptocurrency called “EOSDAC”. An airdrop received in 2018, following the registration of the ETH address. Using the airdrop amount as well as the snapshot date, Grogan was able to establish a linked with another wallet on the blockchain EOS.
It turned out that the owner of the address in question had lost his savings during a hack, and was engaged in a legal battle with the trading platform BitFinex. This allowed Grogan to establish contact with the user.
A godsend for the latter, who declared that he did not even know that the funds existed. A nice gift to $250,000s, found by the product manager of Coinbase.
“I didn’t know it existed. Of course, I heard about the fork, but I didn’t know that the same address applied. »
Conor Grogan
Like what, sometimes, losing access to your cryptocurrency can be the best way to hold. In any case, this is better than losing them in a hack. In this regard, the protocol PolyNetwork was recently the target of a second hackwhose balance sheet amounts to more than $10 million.
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