You have probably heard stories about people who made millions in crypto. But what about the people who lost everything?
The world of cryptocurrency is littered with tales of those who were left penniless because they got into a coin too late, or bought at the wrong time.
In this post, we will explore 15 times that crypto investors lost fortunes when investing or trading cryptocurrencies.
Who lost the most Crypto so far?
The most well-known case of someone losing their entire fortune in crypto is that story about the Norwegian man who threw away a hard drive with $27 million worth of Bitcoin.
The incident happened back when he was trying to clear up space, and it’s not known if there are any plans for him or his family members (who were also involved) to try to recover some funds from this loss by searching through trash dumps around Oslo where they live – but so far nothing has been found.
This would be an extreme example because we don’t know how much money these people had before investing in cryptocurrency…but imagine what could happen?
Imagine you’re living paycheck after paycheque only have one day your computer crashes taking all those savings down too.
How do you lose Crypto?
You forget your password and can’t get back into the account. Your phone is stolen or lost with all of its passwords on it, including for crypto accounts you have set up to trade while away from home…or a computer crashes taking everything down too.
You lose access because someone else has taken over an email address that was linked as a part-owner in some cryptocurrency wallets so they could take out funds without permission when needed; this person then changes their mind about sharing any profits but keeps control by refusing requests made through other channels like social media messages asking them nicely if there’s anything left behind after emptying these digital assets?
15 Times People Lost Fortunes in Crypto
Peter McCormack — $1.2 million loss
Stefan Thomas — $220 million
Anonymous German Man — $500,000
James Howells — $56 million
Mathew Mellon — $500 million
David Stubley — $475,000
Mark Frauenfelder — $30,000
The Winklevoss Twins — $600 million
Gerald Cotten — $190 million
Alex Jones — $562 million
Derek Rose — $10 million
Amily — $120,000
Chris Larsen — $44 billion
Another anonymous German man, with a twist