Brazil-based YouTuber and Web3 gamer Ivan Bianco lost cryptocurrencies worth over $60,000 on Thursday after he accidentally showed his crypto wallet’s seed phrase while streaming live on his YouTube channel called Fraternidade Crypto, which has more than 33,000 subscribers.
So how did this happen? During the stream, the YouTuber opened a document containing the seed phrase, allowing unknown people to access his crypto wallet. When Bianco realized the mistake, he immediately ended the video, and after a few hours, he started another livestream while crying.
He told the viewers that his efforts to block people from accessing his wallet were unsuccessful. The YouTuber shared the crypto addresses that stole roughly 86,000 MATIC worth about $50,000 and 3.3 ETH valued at $5,700. He revealed that there were other addresses that had swiped small amounts of his cryptocurrencies.
Bianco said he had already reported the matter to the police. He, however, wasn’t sure when the issue would be resolved, claiming that Bralizian police know little about crypto.
Did the MATIC Thief Refund Bianco?
Meanwhile, the YouTuber says that immediately after the MATIC transaction was complete, an unknown person reached out to him on Discord to tell him he was the man behind the theft and regrets his actions.
Bianco claims that the stolen MATIC was returned to his wallet after talking to the unidentified man. However, a section of the viewers questioned the accuracy of his story, but the YouTuber insisted that he wasn’t lying.
He went ahead to say he had learned the identity of the thief but refused to reveal it, arguing that there was no need since he returned his crypto.
As for those who stole but haven’t returned Bianco’s cryptocurrencies, the YouTuber says he is working with the police to track them, and he’s optimistic they will be found soon.
Bianco is now urging fellow streamers to avoid repeating his mistake of revealing his seed phrase. For starters, a seed phrase serves as a password for crypto wallets, so sharing it with other people gives them access to your cryptocurrencies.
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