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Crypto Investors Lose More Than $1,5 Billion in Bitcoin

Crypto Investors Lose More Than $1,5 Billion in Bitcoin

HappyCoinNewsHappyCoinNews2025/01/17 04:55
By:HappyCoinNews

Bitcoins lost due to careless self-storage exceed the amount lost on exchanges, according to a report from analytics company River.

River estimates that cryptocurrency investors have lost about 1,6 million bitcoins, currently valued at more than $1,5 billion, due to improper storage. That's more than the 1,2 million BTC (about $1,1 billion) that customers lost after the Mt.Gox hack and FTX bankruptcy.

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Volumes of lost bitcoins

In their study, River analysts examined data from dormant wallets, excluding wallets associated with the founder of Bitcoin Satoshi Nakamoto: According to experts, most of the lost coins are stored in crypto wallets that have not been used for more than ten years.

Crypto Investors Lose More Than $1,5 Billion in Bitcoin image 1

Dormant Bitcoin Wallets

According to River analysts, the figure of 1,6 million lost bitcoins is more realistic than previous studies. Thus, according to a report by the analytical company Chainalysis for 2020, about 3,7 million BTC disappeared without a trace. This is almost 20% of the total supply of the flagship cryptocurrency. All these assets have not been moved for at least 5 years and may never be moved again.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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