Imagine losing $30,000 in Bitcoin because you didn’t safeguard your PIN: that’s what happened to the co-founder of tech/culture site BoingBoing, who spent nearly two years trying to fix his mistake. Luckily, his “hardware wallet” of choice, Trezor, had a vulnerability that could be exploited.



In January 2016, I spent $3,000 to buy 7.4 bitcoins. At the time, it seemed an entirely worthwhile thing to do. I had recently started working as a research director at the Institute for the Future’s Blockchain Futures Lab, and I wanted firsthand experience with bitcoin, a cryptocurrency that uses a blockchain to record transactions on its network. I had no way of knowing that this transaction would lead to a white-knuckle scramble to avoid losing a small fortune.

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Source: [H]ardOCP – “‘I Forgot My Pin”: An Epic Tale of Losing ,000 in Bitcoin