Here's How to Lose $15 Million While Being up 11,000 ETH in Profit, NFT Investor Shows

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Here's How to Lose $15 Million While Being up 11,000 ETH in Profit, NFT Investor Shows
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Story of success in NFT industry can turn out into a shame if you don’t follow basic crypto owner rules

According to the on-chain data, the investor sent his funds to smithdavid888.eth

address eight months ago, and the funds have not moved since. The only activity provided by the wallet was the reception of fake or scam tokens that did not require the participation of the owner.All signs show that the collector who grabbed CryptoPunks at an extremely low cost lost access to the wallet by forgetting his seed phrase. Without the seed phrase or the private key itself, there is no way to gain access to the wallet.

The Nansen researcher went after the resolver address and found that it has been connected to the suspended Twitter account that is now being used by scammers or"larpers" as a front since it is inactive. Some users jokingly marked the wallet as a"CryptoPunks burn address" since the chance that access to it will be ever recovered is close to zero.

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