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Recovery specialists trace a $1B crypto wallet, find $10 instead

Cointelegraph reports that even when wallets and access details can sometimes be recovered, nothing can be restored if the funds were never actually there.

Reported · Written up by our desk · Market Structure

Crypto recovery specialists highlighted how lost credentials can occasionally be recovered, including cases involving wallets, passwords, and seed phrases, according to Cointelegraph.

However, the outlet says the approach does not help if the purported wallet holds no meaningful balance in the first place.

In the example described, the specialists traced a wallet reported to be worth $1B, but found only $10 after the recovery effort.

Cointelegraph adds that the gap between what was expected and what was actually stored underscores how uneven crypto recovery outcomes can be.

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