The risks of cryptocurrency self-custody are real and should not be underestimated, as the private key can be stolen, destroyed or lost.

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Brazilian cryptocurrency streamer Fraternidade Crypto is one of the latest victims of unsafe self-custody practices, reportedly losing thousands of dollars due to a private key accident.

During a live stream on YouTube on Aug. 29, the owner of the Fraternidade Crypto channel, Ivan Bianco, unwittingly exposed his private key to a self-custodial cryptocurrency wallet.

In the middle of the livestream related to Bitcoin BTC$25,970 and blockchain games, Bianco apparently tried to access his passwords for the blockchain games platform Gala Games through a text file on his computer...

To read more visit CoinTelegraph.

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