Brazilian cryptocurrency streamer Fraternidade Crypto recently lost thousands of dollars due to a private key accident. During a live stream on YouTube, the channel’s owner Ivan Bianco exposed his private key to a self-custodial cryptocurrency wallet, which contained a significant amount of Polygon MATIC. Shortly after, Bianco closed the live stream but it was too late to recover the funds. It was reported that one of his viewers managed to access his MetaMask wallet through the private key and stole his entire Polygon stash of 86,000 MATIC, worth around $50,000.Bianco pleaded with the stream viewer to return the money for a reward and said he was planning to file a complaint to the local police. According to some online sources, Fraternidade Crypto might have managed to retrieve at least some of his funds.Cryptocurrency enthusiasts recommend investors to diversify the types of cryptocurrency storage in order to prevent losses of one’s entire life savings. Self-custody allows users to essentially “be their own bank,” but such a method of holding crypto is still prone to many risks such as theft, destruction or loss. “Not your keys, not your coins,” is a popular expression in the cryptocurrency community that warns users about such risks.

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Information	Details
Geography	South America
Countries	🇧🇷
Sentiment	negative
Relevance Score	8
People	Guilherme Rennó, Ivan Bianco
Companies	MetaMask, Gala Games, Polygon (MATIC), CryptoSlate, X (formerly Twitter)
Currencies	Ethereum, Bitcoin, US Dollar, Polygon
Securities	None