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How I lost all my Crypto
My Rollercoaster Week in Crypto: A Tale of Loss, Redemption, and Long-Term Vision
My Rollercoaster Week in Crypto: A Tale of Loss, Redemption, and Long-Term Vision
This week has been nothing short of a roller coaster for me in the crypto world - full of highs, lows, and unexpected turns. It all began with a simple desire to invest in $GHOST tokens, the first meme coin on the Internet Computer. Little did I know that this decision would lead me on a wild journey of loss, challenges, and ultimately a bold decision for the future.
I navigated to ICP Swap, made my purchase of $GHOST tokens, and staked them in my NNS wallet for potential rewards. Feeling adventurous, I decided to halt the auto compounding of my $ICP rewards and convert them into $GHOST. That's when the trouble started.
My neuron, connected to my Ledger Hardware Wallet, makes me sign any transactions with my Ledger. This seemingly routine action took an unexpected turn when I forgot my numerical PIN to unlock the Ledger. Three wrong attempts triggered a complete erasure and reset of the Ledger. In that moment, my calmness prevailed, knowing I had my 24-word seed phrase to restore my wallet.
I retrieved my metal tube containing the seed phrase, each word meticulously laid out on a table from 1 to 24. However, a momentary lapse led to an error - one of the words wasn't a word at all. Panic set in. I reached out to the smartest minds I knew in the crypto space - a cryptographer in Switzerland, a hacker in Paris, and a team of hackers in the U.S.
The cryptographer, tied up with his responsibilities at Dfinity, couldn't dedicate enough time and ultimately fell short. The U.S. team presented a solution at a hefty cost - 30% of my crypto holdings. The Paris hacker, a risky choice due to our lack of acquaintance, showed me the ease with which he could crack the puzzle.
After three days of stress, exhaustion, and uncertainty, I took a leap of faith and messaged the Paris hacker. Providing what I had for my messed-up seed phrase, I received a triumphant response, "BOOM I GOT IT." Skepticism lingered until the next message revealed my correct seed phrase.
With access restored to my Ledger and NNS, I felt an overwhelming sense of gratitude. In appreciation, I sent the hacker a payment of $5000. The day after this dramatic recovery, I made a bold decision - locking up my assets for 8 years, non-dissolving.
This strategic move signaled a shift in my mindset toward long-term goals and securing something substantial for my son. The abrupt loss taught me to be grateful for everything, as it can be taken away in the blink of an eye.
Today, I stand bullish not just on my friends, family, and $ICP, but on life itself. This roller coaster journey through adversity has not only recovered my lost assets but has reshaped my outlook on priorities and the transient nature of what we hold dear in the crypto world.