Prominent Brazilian Crypto Streamer Lost $60K to Private Key Accident

  • Crypto scams have surged in recent months, and government agencies have warned against new malware used to steal personal data. 
  • Bianco is collaborating with local law enforcement agencies to fully recover his stolen funds.

Ivan Bianco, a famous Brazilian cryptocurrency streamer, also known as Fraternidade Crypto, recently suffered a tragic loss of more than $60,000 during a live-stream session where he accidentally exposed his private keys to his viewers.

Bianco later realized the seriousness of his error and quickly stopped the stream. Trying to protect his funds, Bianco quickly tried to move his funds to a secure wallet. However, his efforts came too late, as some fraudsters had already wiped off about $60K from two of his wallets, leaving him devastated.

Bianco started another stream where he shared his emotions with his viewers. The crypto enthusiast said to his viewers:

I accidentally showed my private key live, and the person had really quickly sent it to another address. I tried to close the broadcast and send crypto to another address, but I was too late. 

Bianco begged the fraudsters to return the money in exchange for a reward, claiming that he had lost all of his life earnings in the accident. Several reports revealed that the YouTuber could have recovered some of his money.

Fortunately, Bianco enjoyed a stroke of luck after the thief willingly called him, expressed regret for his actions, and returned $50,000 of the stolen money. Bianco later confirmed that he knew the identity of the thief and chose not to disclose it.

He explained to his viewers:

I won’t say his name because the guy returned it, and there’s no reason for me to expose him, even though what he did was wrong.

Bianco said he is now committed to recovering his $10,000, adding that he is working closely with law enforcement to pursue the other individuals responsible for the illegal transfers.

Bianco’s story adds to the growing concern about the rate of crypto fraud. Interestingly, government agencies in the United Kingdom and the United States recently released a new report warning crypto users of a new malware that is being used to attack crypto exchanges and wallets. 

Law enforcement agencies including the UK’s National Cyber Security Centre (NCSC), the Federal Bureau of Investigation (FBI), the Cybersecurity and Infrastructure Security Agency (CISA), and the U.S. National Security Agency (NSA) partnered to publish a report about the malware known as the “Infamous Chisel.”

The new malware is said to have ties with Sandworm, a cyber warfare team operating under the GRU, Russia’s military intelligence agency. In addition, the report revealed that Sandworm has focused on using the new malware to steal data from mobile devices used by Ukrainian military personnel.

Lawrence Woriji Verified

Lawrence has covered some exciting stories in his career as a journalist, he finds blockchain-related stories very intriguing. He believes Web3 will change the world and wants everyone to be a part of it.

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