The Hacker Who Outsmarted Himself: A $100 Million Bitcoin Blunder 💃

Back in 2017, a notorious hacker known as “The Phantom” set out to pull off the ultimate crypto heist. His target? A major crypto exchange holding a treasure trove of Bitcoin. With precision and skill, he breached the exchange’s security, bypassed every safeguard, and seized control of a massive wallet containing 10,000 Bitcoins. Feeling invincible, he initiated the transfer to secure his loot. But then, everything went horribly wrong.

In his rush to complete the heist, The Phantom made a catastrophic mistake—instead of transferring the Bitcoin to his private wallet, he accidentally sent the coins to a public “burn” address. For those unfamiliar, burn addresses are designed to permanently remove coins from circulation, with no way for anyone—hacker or not—to recover them. They’re usually used to demonstrate the finality of crypto transactions or as a way to destroy tokens intentionally.

The realization hit The Phantom immediately, but it was already too late. The 10,000 Bitcoins, now worth over $100 million, were lost forever—locked in an unreachable address, inaccessible to anyone. In his attempt to pull off the perfect crime, the hacker ended up hacking himself out of a fortune.

The irony? The entire crypto community watched the transaction unfold in real-time on the blockchain. What was meant to be an ingenious heist became a public blunder, immortalized for everyone to see. Memes and jokes flooded the internet, dubbing him “the hacker who hacked himself.”

Talk about a bad day at the (virtual) office—The Phantom’s attempt at glory turned into one of the most memorable self-inflicted blunders in crypto history.

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