People who lose their funds would not want to hear this, lol.
This person was probably using a hot wallet and they were attacked with a malware, and as a result their device was compromised, take note that anything online is prone to hacking. Another way this could have happened is if their physical backup was exposed and the attacker simply imported their wallet with the seed phrase and then moved it out.

A donation indeed, I have read countless times how people have complained about loss of funds or access to wallet and sometimes I just get scared and wonder what if the same thing happened to me especially when the wallet is one that's holding enough Bitcoin, I could even cry knowing fully well how you can't be able to do anything in such situations so in order to avoid such scenario it's better we prevent it than be ignorant and allow because like the popular saying "Prevention is better than cure" which indeed it is.

Of course when coins are lost, it reduces the number of coins in circulation thereby making everyone else's coin more valuable than they were. One thing about Bitcoin is you're provided with most secured crypto network but it's now left for you as a Bitcoiner to fully maximize the security by keeping every detail of yours safe as well as keeping to the security measures of the creator Satoshi Nakamoto. Anything other than than puts you in at huge risk of losing your coins.

I do not wish to make any of those donations against my will and wish . I have never made such a mistake and i do not even wish to have such an experience. That is why I am always very careful with whatever I do on this crypto space. To avoid all this errors,  i make sure i store my seedphrase safely and also ensure that i double-check every transaction i initiate before executing then. Dealings with strangers are also avoided to ensure i do not lose my bitcoins for any reason. Ignorance and negligence is never an excuse . Prevention is indeed way cheaper, yea way cheaper than dealing with the consequences of the errors caused by our own carelessness and negligence.

Seeds are the real thing when it comes to securing and claiming ownership of the wallet. While having a fingerprint is just an access option suggested and applied with most apps for easy access instead of a password.

Now, losing control of our wallet is likely possible if we don't mind how important it is to save passwords or seeds. I have experienced this one in the past, and so I learned. I also practice writing down all important details when creating a wallet, as we will surely need it someday.

Even with the global awareness and internet resources on how to secure our Bitcoins, people are still making silly mistakes to ensure the security of their assets. One thing I think is the cause of people losing their Bitcoin is ignorance, reluctancy, and laziness.

It feels like many people still don't value what they own. Not because they can afford to by some fractions, and more of Bitcoin means they shouldn't take it seriously. Imeeditately, the value gets bigger in the future, that is, when they will start posting on the internet so they can recover their wallet accounts.

Well, not that exactly, but the guy that keeps on finding his hard disk on the land fill. The very lesson here is about making back ups and these people didn't do that. I'm not also fond of saving wallets in the phone anymore and that's why if I've got some in there, they're mostly empty or have some dust amounts. I'm also using fingerprint on my phone to open it but I don't think that I'll ever apply that to my wallet. Because if that's the only way to access it and something happens to my thumb or finger that's registered on that access, it'd be a huge trouble.

I can quote a post of Satoshi Nakamoto for exact reference.


If people don't learn, dont' absorb warnings and advice about importance of wallet backups and how many people lost bitcoins by did not have wallet backups, or did not back up their wallets correctly for use later, they will continue to lose bitcoins.

How to back up a seed phrase?

This is why its really that important that you should really be that knowledgeable about on how to handle yourself when it comes to wallet creation specially on crypto world. Not your keys not your coins or those coins will lost forever on which this is indeed the basic stuff or thing that you do need up to consider once you do step your foot into this space.

People do only realize at the moment or time that you would be losing something and wont really be minding much about into those actions that they will really be that making earlier or simply being aware on the simple basics on how things works. Wallet information or other stuffs should really be known first before you would really be that deciding on digging deeper into this market because once you dont make yourself that being knowledgeable then you would definitely be having these kind of mistakes on which it would really be costly.