A forgotten seed phrase just became a billion-dollar lesson 😨

Estonian financier Rain Lohmus was an early believer in Bitcoin and Ethereum. In the 2015 ETH ICO he invested around $75,000.

🔑 He later lost the seed phrase from his wallet and at today’s prices those coins are valued near $1.14B.

Takeaway: self-custody is powerful but unforgiving. Back up seed phrases in multiple secure places ❗️