Well readers, hello. This is a test of your crypto knowledge. Below there are three stories, but just one is false.
Do you know which one?
In 2013, a British man named James Howells accidentally threw away a hard drive containing the private keys to 7,500 Bitcoins, which he had mined several years earlier when the cryptocurrency was virtually worthless. At the time, the Bitcoins would have been worth around $120 million, but Howells' hard drive is now buried in a landfill site in South Wales and he has been unsuccessful in his attempts to recover it.
In 2018, a Canadian cryptocurrency exchange called QuadrigaCX announced that its founder and CEO, Gerald Cotten, had died unexpectedly while traveling in India, and that he was the only person with access to the company's cold storage wallets containing more than $190 million worth of cryptocurrency. After an investigation, it was revealed that Cotten had been running a Ponzi scheme and had actually embezzled most of the funds, which has led to a long and complicated legal battle over the remaining assets.
In 2016, a group of Russian hackers successfully broke into a Bitcoin exchange and stole approximately $100 million worth of cryptocurrency, which they used to fund a lavish lifestyle of parties and yachts. However, the hackers were eventually caught by a team of elite cybersecurity experts and were sentenced to life in prison.
In 2017, a hacker gained access to the Enigma project's website and social media accounts, and tricked investors into sending them approximately $500,000 worth of Ethereum by posing as the Enigma team and announcing a fake pre-sale. The hacker was eventually caught and the stolen funds were returned to the rightful owners.