"All transactions are recorded on a digital ledger, known as a blockchain, so even if someone takes your money and puts it in their own crypto wallet, it is still visible online. "You can see your money there on the public blockchain, but there's nothing you can do to get it back," says Helen, who lost around $315,000 (250,000) to thieves. She likens it to watching a burglar pile up your prized possessions on the other side of an impassable chasm."
"But somehow hackers got into their cloud storage account, where they kept information about their crypto wallets and how to access them. Bloomberg via Getty Images In February 2024, after a small test transfer, the criminals sent all the couple's coins to their own digital wallets in a swift and silent attack. The couple then watched for months as their money was moved from one wallet to another, powerless to do anything."
Helen and her husband Richard accumulated Cardano cryptocurrency over seven years, investing limited household funds in hope of large gains. Hackers accessed their cloud storage containing wallet information and, after a small test transfer in February 2024, moved all their coins to criminal-controlled wallets in a swift attack. The couple watched for months as funds were shuffled between wallets and remained unable to retrieve them. Blockchain records made the transactions publicly visible but provided no means to reverse the theft. Helen and Richard are not wealthy; she is a personal assistant and he is a composer. Helen has launched efforts to recover the losses.
Read at www.bbc.com
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