Part of the CustodyStress archive of observed Bitcoin custody incidents
File Deleted — No Backup
Cases where the wallet file or key material was deleted — intentionally or accidentally — with no backup copy available. Recovery required forensic analysis of storage media.
Among the 40 cases in this category, 76% of determinate outcomes were blocked and 24% resulted in access restored. The most common recovery path is no path available.
16
Blocked
0
Constrained
5
Survived
19
Indeterminate
76% of determinate cases resulted in blocked or constrained access.
40 observed cases
Blocked
16 (40%)
Survived
5 (13%)
Indeterminate
19 (48%)
Wallet File Swap Causes Transaction Invisibility: Blockchain Index Desynchronization (2011)
Software wallet
Michael_S was running Bitcoin client version 0.3.19 on Ubuntu Linux in May 2011 and sought to improve security by splitting his holdings across two wallet.dat f
1,000 BTC Lost After Accidental Deletion of GPG-Encrypted Dropbox Wallet File
Software wallet
An early Bitcoin contributor made a generous gift of 1,000 BTC to the brother of a Hacker News user, with a casual remark that it would someday be valuable. The
AWS EC2 and Local VM Wallet Deletion: Early Backup Failure Pattern
Software wallet
In May 2011, BitcoinTalk user opticbit reported losing approximately 0.01 BTC stored on an AWS EC2 instance that was subsequently deleted, and an additional sma
Davyd Arakhamia Loses 400 BTC After Deleting Encrypted Key File
Software wallet
Davyd Arakhamia, a Ukrainian entrepreneur and later member of the Verkhovna Rada (elected 2019), accumulated approximately 400 BTC through a business that accep
Lost Bitcoin Mining Wallet on Decommissioned PC: Data Overwritten Beyond Recovery
Software wallet
In 2009 or 2010, rosnick92 and his father mined Bitcoin on a personal computer for several days, earning what he recalls as 'a few pennies per day'—an amount he
2,700 BTC Lost to Antivirus Deletion and Unverified Drive Format
Software wallet
An individual received a hard drive containing a wallet.dat file—allegedly holding approximately 2,700 BTC—sent by an early Bitcoin adopter around 2010 via emai
9,000 BTC Lost to Unrebacked Change Address: Early Bitcoin Wallet Flaw (2010)
Software wallet
In August 2010, a Bitcoin user purchased 9,000 BTC and conducted a single test transaction: sending 1 BTC to his own address to confirm network functionality. T
350 Bitcoin Wallet.dat Deleted During OS Reinstall — Data Recovery Attempted
Software wallet
An individual who had acquired approximately 350 bitcoin at roughly $10 per coin maintained the wallet as an encrypted wallet.dat file stored in cold storage on
Deleted Bitcoin Core Wallet: Recovered Passphrase Cannot Decrypt Corrupted File
Software wallet
In 2013, the subject purchased one Bitcoin on a family desktop computer when the asset traded near $11.92 per unit. The wallet was created using Bitcoin Core, t
MultiBit Wallet Lost to Full Drive Format — Single Backup Copy Destroyed
Software wallet
An early Bitcoin adopter stored their MultiBit wallet file (.wallet extension) exclusively on their Windows C: drive without creating any external backup. Multi
Electrum Wallet File Overwritten: New Wallet Lost Without Seed Phrase Backup
Software wallet
An Electrum 1.9.8 user attempted to consolidate Bitcoin holdings by creating a new wallet to replace a bloated default_wallet file. The procedure involved openi
Notepad Backup Illusion: Seed Phrases Lost After Mobile Phone Firmware Reset
Software wallet
A cryptocurrency holder maintained seed phrases for Bitcoin, Monero, and Ethereum in a notepad application on their mobile phone. The strategy reflected a funda
2011 Bitcoin Wallet Lost After Hard Drive Formatted Twice: Passphrase Retained, File Unrecoverable
Software wallet
In 2011, an individual purchased Bitcoin and generated a wallet using Bitcoin-Qt or a similar early desktop client software. The wallet created an encrypted wal
Unverified Wallet File Recovery After Drive Format: 2010 GPU-Mined Bitcoin
Software wallet
In 2010, during Bitcoin's GPU-mining era, the user mined a small quantity of Bitcoin on a desktop computer. Years later, the user deleted the wallet.dat file an
Corrupted Encrypted Wallet.dat: 100 BTC Recovery Attempt via Pywallet
Software wallet
A user identified as chunglam posted on BitcoinTalk seeking assistance recovering approximately 100 BTC stored in a corrupted wallet.dat file protected by Bitco
Trigger categories
Forgotten Passphrase
Physical Coercion
Institutional Failure
Device Discarded
Seed Never Recorded
Passphrase Never Recorded
Device Loss Without Backup
Owner Death
Passphrase Unavailable
Device Loss
Exchange Collapse
Exchange KYC / Account Lockout
Passphrase Loss
Credential Loss
Platform Failure
Hardware Wallet PIN Loss
File Corruption
Institutional Custody Failure
Seed Backup Unavailable
All cases