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Home News Cryptocurrencies

YouTuber Loses $60,000 In Crypto And NFTs Due To Livestream Blunder

by Jeane Claude Vasquez
September 2, 2023
in Cryptocurrencies, Hacks, NFTs
YouTuber Loses $60,000 In Crypto And NFTs Due To Livestream Blunder

Ivan Bianco, a Brazilian YouTuber focused on blockchain gaming, suffered a substantial loss of nearly $60,000 in cryptocurrency and NFTs. (Source: Decrypt)

Ivan Bianco, a Brazilian YouTuber focused on blockchain gaming, suffered a substantial loss of nearly $60,000 in cryptocurrency and NFTs. This unfortunate incident occurred after he accidentally revealed the seed phrases for his crypto wallets during a livestream.

During the stream, Bianco accidentally shared a document containing his seed phrases. This unintentional disclosure allowed unauthorized individuals to access his wallet and steal his assets. Bianco’s YouTube channel, “Fraternidade Crypto,” boasts around 34,000 subscribers and has accumulated over 2.2 million views since 2017.

In a subsequent livestream, Bianco tearfully explained the situation to his viewers. He described his attempt to create a new wallet once he realized the exposure of his seed phrases. But by then, his cryptocurrency from two wallets had already been stolen.

Bianco identified the address of the Polygon wallet that siphoned approximately 86,600 MATIC tokens, valued at about $50,800. An additional 3.35 ETH (roughly $5,750) of his stolen assets remained inaccessible on Arbitrum. Bianco also claimed that other users had swiped smaller amounts of his cryptocurrency.

The YouTuber confirmed the loss of roughly $60,000 in tokens and NFTs. He reported the incident to the police but doubted their ability to understand it. Consequently, Bianco intends to collaborate with the community to recover his assets.

Not All Hope Is Gone

After the theft, an unknown individual contacted Bianco on Discord and returned the 86,600 MATIC tokens. Although some questioned the legitimacy of these events, Bianco insisted that he did not take any action to recover the funds. He also refrained from disclosing the identity of the individual who returned the assets, expressing a desire not to harm him.

Regarding the other individuals who allegedly stole smaller amounts from his wallet, Bianco stated they are under surveillance and will be located. He hopes that his incident serves as a warning to others not to repeat his mistake.

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