Investor Losses His Entire Bitcoin Savings in a Hardware Phishing Scam


In a tragic event, Eric Savics, the host of the ”Protocol Podcast” lost all his bitcoin savings — 12 BTC worth over $100k — that he accumulated over 7 years in a hardware phishing attack.

“I had all of my Bitcoin stolen from me in a hardware wallet phishing scam. Has anyone ever successfully retrieved stolen Bitcoin? Any help or guidance would be appreciated,” tweeted Savics.

Since reaching out to the community, many have offered a helping hand.

“Sorry for your loss; never enter a seed phrase into a computer,” said Jameson Lopp, CTO of Casa.

While trader NebraskanGooner came forward to buy him a Trezor for safekeeping of the bitcoin from now on, other traders Josh Rager and Cantering Cark wanted to help by sending some BTC.

“I've gotten a shitload of DMs asking for access to my RSI script and declined them all. I'll make an exception. Send .02 btc to the address below and dm me the txid and I'll add you. Lets get this guy back on his feet,” said trader CryptoGainz.

Binance CEO, Changpeng Zhao offered to put the receiving address in the blacklist.

Many more have come forward to help Savics to help build some of his BTC balance back up.

Fake Bitcoin Wallet Extensions Running Rampant

Savics put on a video on Twitter where he talked about how he has been building up his bitcoin stash since 2014 and had been using the KeepKey Bitcoin wallet on his desktop. While downloading its corresponding app, he ended up downloading a malicious version of the wallet from the Google Chrome store.

Upon entering his recovery phase — 12-words mnemonic seed used to create a wallet and generate a private key, all his BTC were then stolen.

Savics also shared a screenshot and realized it had a typo, “the scammers spelt the phrase wrong.”

Cryptocurrency exchange ShapeShift, which operates the KeepKey wallet, had warned last week that fake KeepKey apps are being advertised in the Google Chrome store.

“We will never ask you for your 12 word seed phrase, if anyone does that is a scam. Phishing attempts, such as these fake wallet apps, can lead to users losing their crypto,” the exchange had warned.

This is not the first time something like this has happened. Crypto market is still running rampant with scams and fake crypto wallet apps and extensions have long been a problem. In April, Google removed 49 fake crypto wallet extensions that were impersonating the popular wallets like Trezor, Ledger, and MyEtherWallet.

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