No matter how much we harp on about it, it’s of no use if these people don’t read this forum (or other sources of information to boost their expertise regarding cryptocurrencies).

Perhaps it is because these people are naturally so carefree and irresponsible? Just look around, we are surrounded by many people who commit extremely foolish acts, and not only when it comes to finances.

Crypto industry breeds paranoia among BTC-owners.

I don't think having $245 million is enough money to buy a hardware wallet (though it is enough to buy the manufacturer of hardware wallet).

Owning a hardware wallet certainly wouldn't have saved this cryptocurrency owner from losing his assets, because he would have been the one to press the confirmation button on the hardware wallet for the transaction sending funds to the attackers. People like that should hire a trusted expert to manage their assets, since, as this story shows, they are simply incapable of doing it themselves. By the way, how did this owner acquire 4,100 Bitcoin with that level of competence? Just a lucky guy who managed to buy in early?

They are unfamiliar with this word - let alone the principle behind this behavioral investment strategy.

It was as if the former owner went to Google Drive every day to “touch” his 4,100 Bitcoin. Why did he need such a simple method of access? Such amounts should not be “touched” at all for many years without special need: put it in and let it lie there (a reliable hardware wallet - or better yet, a split one), stored, for many years.

What portion has the Singaporean boy already irretrievably spent?

Because the "heroes" in this story deserve each other. The perpetrator isn't exactly a genius, either.

That is, if he manages to explain the origin of these funds to the authorities. It would be amusing if those 4,100 Bitcoin turned out to be "dirty" or if the former owner failed to clearly prove their origin (or if law enforcement found the proof insufficient), and the assets were forfeited to the state. Most often, such news stories recount how valiant officers caught a villain, but they never mention what happened behind the scenes: the return of assets to the original owner.

This is one of the reason why people said scammers don't do anything good with what they stole from people, imagine a 22 years old boy stole that big amount of money and spent that big amount in just a month, that shows that anything you stole that is not yours is not a blessing and you will not enjoy it the way you want, the boy is not a child, he is 22 and he need to be arrested and jailed for some years to know that what he did was wrong, including his friends that he teamed up with.

I don’t blame those people who get scammed, because it can happen to anyone, parents should be aware that their children are doing something that is far worse than what they think, and they should always guide, the boy and his friends are not children, but they have parents, they stole something valuable that can change their lives but use it to do something unnoticed, we should be careful with many young guys we see around us, most of them don’t want to work, they want to steal from people who have worked hard to make their lives better.

I can't imagine how foolish and careless they had to be to do all this. If a person is happy, they shouldn't boast about their god-like willows, but rather be modest. Isn't it enough for them to have vast sums of money, enough to provide for many families for generations to come? But no, we live in a world of luxury and false ideals. It's terrible and sad. And this young man who decided to become a thief was driven by false ideals. He bragged and showed off his "good life," which is why he attracted unnecessary attention. And I'm glad he was captured along with his accomplices.