TIL How Early Bitcoin Millionaire Jared Kenna Lost His Love For Crypto After Losing His BTC Twice

When reading an article about Kane Ellis this article about a Bitcoin hack popped up. A guy named Jared Kenna started investing into bitcoin in 2011, became rich, but lost his bitcoins 2 times! He now only holds half a BTC and isn’t active in crypto anymore.

In 2010 Jared Kenna started investing into bitcoin. BTC was only a couple cents at that time. In the same year something happend that would start to demotivate him. He accidentally erased coins worth Millions from his computer..

Although this was a big setback, he didn’t let it stop him! He founded Tradehill inc, an early crypto exchange, in 2011 and he kept investing into crypto.

Fast forward to 2016. The worst thing that we could imagine actually happens. He lost millions to a sim swap hack! Which basically means that the hacker has stole his identity and managed to transfer Jared Kenna’s phone number to another device.

He went to call the phone company but there was nothing they could do about it anymore because it already happened.

The hacker managed to change Jared Kennas email passwords using his phone number. Jared tried to set up new passwords but the conformation messages never arrived.

Within seven minutes of getting locked out of his first account, he was shut out of 30 others, including two banks, PayPal, two bitcoin services and, his Windows account which had his keys on there.

Jarred Kenna is still a successful man and still made a lot of money off of crypto due to the fact that he was so early, and kept some coins in different wallets. But he lost his love for crypto, and now only holds half a BTC.

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