This investor just lost thousands of dollars after accidentally showing his private crypto keys during a livestream. 

The Brazilian influencer Ivan Bianco, who goes by Fraternidade Crypto, has 35,000 followers on YouTube where he live streams blockchain games and advises his followers about crypto investments. 

Unfortunately one of those 35,000 followers took advantage when he accidentally opened up a file on his computer revealing the private keys to all his crypto accounts.

READ MORE! Ferrari driver Carlos Sainz chases down thieves who tried to steal his $500k watch

When it comes to crypto wallets, revealing your private crypto keys is like revealing the password to your bank account. 

So, as soon as he realized what he’d done, Bianco shut down the livestream and tried to transfer his funds out of those accounts. 

But he was too late because one of his followers had already infiltrated his account and taken $60,000 worth of crypto from him.

Absolutely devastated, Bianco returned to the platform and begged the thief to return his money. 

“Yesterday was one of the worst days of my life,” he said. 

“I kind of froze at the time, as you see on the video. I started to get bad shaking you know? 

“When I went to transfer the assets, an error sign appeared. I couldn’t believe that I was going through this.” 

Bianco even went to the police to report the theft.

He noted that around 70 people were watching his live stream when he accidentally showed the private keys, and perhaps this would help the police narrow down he list of suspects.

When he returned home and got back online, he got a message from someone asking to talk. 

“I almost told him ‘I can’t talk now, I’m f****d up here,” Bianco said. 

Luckily he did take the call, because the caller admitted he’d taken the money and said he would return it. 

In the end, the caller returned $50,000 of the $60,000 that was taken.

Despite the stress of it all, Bianco said he wanted to take the high road.

“I won’t say his name because the guy returned it and there’s no reason for me to screw him, even though what he did was wrong,” he said. 

The crypto influencer said he was still working to get the remaining $10,000 back from others who infiltrated his accounts.

NFT investors aren’t particularly happy at the moment.

Trading volume is low, people have lost interest and, more importantly, NFTs worth millions just last year are now worth peanuts.

READ MORE: Paris Hilton, Kevin Hart, Justin Bieber, Snoop Dogg among celebs being sued for shilling NFTs

High-profile investors and celebrities aren’t exempt, either.

In fact, they’re the biggest losers.

Justin Bieber, for example, spent $1.3 million on a Bored Ape NFT just over a year ago, and his NFT is now worth around $60,000.

Things are looking even worse for a crypto investor named Sina Estavi.

Last year, he dropped $2.9 million on a tokenized version of Twitter founder Jack Dorsey’s first-ever tweet.

A few days ago it reached a new all-time low, with a value of $3.77.

Madonna, Eminem, and Neymar Jr. also spent huge amounts of cash on NFTs from the Bored Ape Yacht Collection and they’ve lost nearly all the money they invested.

Neymar, for example, spent $847,900 on the NFT you see here (below, right), and it is now worth around $83,700.

That’s a 90 percent drop.

Madonna’s NFT (below, left) shared a similar fate.

She bought it in 2022 for the (then) equivalent of $571,000 and it is now valued at around $57,000.

The problem, to put it in crypto terms, is NFTs have sort of ‘lost their peg’ to the rest of the crypto market.

The meteoric rise of NFTs in 2021 was followed by a bloodbath in 2022 when everything including BTC went down the drain.

However, Bitcoin and some other crypto assets have since recovered, recouping some of their losses.

Meanwhile, NFT prices just keep going down.

The way NFTs were marketed and sold to the general public may have something to do with this massive market crash.

An NFT (non-fungible token) is a blockchain-verified asset that cannot be replicated or corrupted.

There are some interesting use cases, in theory, but so far they’ve only been advertised as a must-have flex for the mega rich.

People stopped caring after the initial hype, and now everyone’s left with monkey pictures in their crypto wallets, unsure what to do with them.

The NFT craze has died down and even the most coveted tokens are worth a fraction of what they were just a year ago.

Justin Bieber had to learn this the hard way.

At the height of the NFT hype, the Canadian pop star bought an NFT for $1.3 million.

READ MORE: Donald Trump releases second batch of superhero NFTs, netting $4.6 million

In January 2022, Justin Bieber spent the equivalent of $1.3 million on an NFT from the Bored Ape Yacht Club collection.

No 3,001 of 9,999 available, the NFT depicts an ape wearing a black t-shirt and wearing a sad expression on its face.

The 29-year-old popstar owns over 2,000 NFTs (below) but this is the one that everyone is talking about because of the dramatic price drop.

Breaking down Justin Bieber’s NFT dramatic price drop

This being a Bored Ape NFT, you have to convert US dollars into Ethereum (ETH), the world’s second-largest cryptocurrency, before you buy it.

Bieber spent 500 ETH on this NFT, back when ETH was worth around $2,600.

That works out to be around $1.3 million.

However, Bieber’s NFT is only valued at around 29 ETH today.

The price of ETH is also lower now than it was back then.

When you couple these two factors, the result is shocking.

Bieber’s NFT is currently only worth $57,000.

Since all NFT transactions are permanently registered on the blockchain, you can keep track of what’s going on in the market.

This is how we know that Bieber has received about a dozen offers for his NFT in the last 24 hours alone, and the $57,000 offer is actually the highest.

A few buyers offered to buy his NFT for $39,000.

So what exactly went wrong with NFTs?

An NFT (non-fungible token) is a blockchain-verified asset that cannot be replicated or corrupted.

Ideally, there’s some utility in NFTs if you use them to verify and guarantee the authenticity of important documents or copyrighted material.

In practice, they’ve been largely marketed as a must-have investment for the mega rich.

Back in 2022, having the coolest NFT was the ultimate flex and celebrities spent a fortune on acquiring the popular ones.

But then the hype died down, several high-profile crypto firms went belly-up and crypto prices haven’t fully recovered.

No reason to feel bad about Justin Bieber, though.

With an estimated net worth in excess of $300 million, he’s doing just fine.

Former crypto billionaire Sam Bankman-Fried has just been released on $250 million bond after being extradited to the US.

In the meantime, his ex-girlfriend Caroline Ellison has pleaded guilty to fraud charges after being arrested in NYC.

Now the question on everyone’s mind is: will she turn on him?

READ MORE: From Eminem and Snoop Dogg to Elon Musk, these celebs still have millions in crypto

Ellison was romantically involved with SBF, but she was also the CEO of Alameda Research, a trading firm that used FTX as its piggy bank under SBF’s watch.

FTX co-founder Gary Wang was also arrested and he too, like Ellison, has pleaded guilty.

They will undoubtedly be asked to testify against SBF to have their respective sentences reduced.

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Honestly, there’s so much going on here that even Hollywood screenwriters couldn’t come up with a better storyline.

As you can imagine, the internet is going crazy.

Coffeezilla, a YouTuber who uncovers crypto fraud, wrote on Twitter: “SBF’s partners… found a way to screw him one last time.”

Referring to a photo of SBF’s ex-girlfriend, another commentator said “the face you make when you cut a deal to save yourself an extra 60 years in jail by sinking your ex lover”.

Timeline of the FTX collapse

Nov 6: FTX rival Binance says it wants to liquidate its entire position in FTX.

Nov 7: SBF tweets “FTX is fine. Assets are fine”. He deletes the tweet hours later.

Nov 9: Binance says it won’t bail out FTX after ‘due diligence’ as US regulators begin investigating FTX.

Nov 11: FTX files for bankruptcy, SBF is replaced by insolvecy specialist John Ray III as CEO.

Nov 12: Customers funds go missing in an alleged hack.

Dec 12: SBF is arrested in the Bahamas.

Dec 13: John Ray testifies before the US House Committee, says FTX is one of the worst business failures he’s seen.

Dec 22: SBF is released on a $250 million bond and will live with his parents awaiting trial.

John Ray III on FTX and SBF

John Ray III is a court-appointed insolvecy attorney that specializes in bankruptcy proceedings.

In his testimony about the FTX collapse, Ray said he’d “never seen such a complete failure of corporate controls”.

He added that he found no evidence of the hack as claimed by SBF, and that at least $3 billion was taken out of Alameda by SBF for personal use.

On at least two occasions, Ray said he found SBF was both the borrower and the lender of funds.

You can watch the full testimony in the video below.

Former US President Donald Trump’s NFT collection sold out in less than a day, raising more than $5 million.

Trump announced his NFT collection just a couple of days ago and as you’d expect, people had opinions.

READ MORE: Inside the crazy car collection of Donald Trump

In each NFT from the collection, Donald Trump’s face is attached to a different body.

You’ve got astronaut Trump, cowboy Trump, Nascar driver Trump.

And then of course you have superhero Trump.

Knowing Trump, it’s entirely possible he actually created these NFTs unironically.

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And there’s more.

Every person who buys at least 45 Donald Trump NFTs will get a ticket to a dinner with the former president.

The NFT collection is believed to be part of Donald Trump’s upcoming presidential campaign.

Not that long ago, Trump announced he was formally entering the 2024 presidential race.

Following the release of the trading cards, people have taken to Twitter in droves to share their opinion.

Altcoin Daily, a crypto news channel, pointed out that just two years ago, Trump was blasting crypto, calling it ‘dangerous’.

Well, apparently he’s changed his mind.

Many slammed Trump for the timing, because the NFT market is not exactly hot at the moment.

However, the former president had the last laugh because his NFTs sold out in a matter of hours.

And that’s not even the end of the story because some Trump NFTs are already trading at a premium.

The one you see pictured below, for example, just resold for 20 Ethereum – about $24,000.

Not bad considering the seller only paid $99 for it.

About NFTs

NFT stands for Non-Fungible Token.

In short, an NFT is a unique digital asset that can’t be duplicated or altered.

During the 2021 crypto bull run, NFTs became hugely popular and expensive.

However, due to the ongoing 2022 crypto bear market, many have become virtually worthless.

Some people simply call them ‘overpriced JPEGs’, while others believe there may be value beyond the hype.

This is because anything can be turned into NFTs, not just images.

For example, music artists could turn their records into NFTs.

This would help them safeguard their authenticity and combat piracy.

NFTs can also be used for web domains, IDs and certificate of authenticity for physical goods.

Former US President Donald Trump has just launched a new NFT collection and the internet has opinions.

We have to give him credit, though because, if nothing else, these NFTs definitely have people talking.

READ MORE: Inside the crazy car collection of Donald Trump

In each Donald Trump NFT, his face is attached to a different body.

You’ve got astronaut Trump, cowboy Trump, Nascar driver Trump.

And then of course you have superhero Trump.

CHECK THIS OUT!

In one of these NFTs, possibly the most impressive, the ex-president is standing in front of the Trump Tower, ripping his shirt off to reveal a superhero suit.

And of course he’s got laser eyes.

Knowing Trump, it’s entirely possible he actually created these NFTs unironically.

And there’s more.

Every person who buys at least 45 Donald Trump NFTs will get a ticket to a dinner with the former president.

The collection is believed to be part of Donald Trump’s upcoming presidential campaign.

Not that long ago, Trump announced he was formally entering the 2024 presidential race.

Many slammed Trump for the timing as NFTs are not exactly hot at the moment.

However, the former president had the last laugh because his NFTs sold out in a matter of hours.

Following the release of the trading cards, people have taken to Twitter in droves to share their opinion.

Some even revealed issues with the cards after purchase.

While hundreds mocked the former president for the launch, some defended him, saying there was more to the cards than what met the eye.

About NFTs

NFT stands for Non-Fungible Token.

In short, an NFT is a unique digital asset that can’t be duplicated or altered.

During the 2021 crypto bull run, NFTs became hugely popular and expensive.

However, due to the ongoing 2022 crypto bear market, many have become virtually worthless.

Some people simply call them ‘overpriced JPEGs’, while others believe there may be value beyond the hype.

This is because anything can be turned into NFTs, not just images.

For example, music artists could turn their records into NFTs.

This would help them safeguard their authenticity and combat piracy.

NFTs can also be used for web domains, IDs and certificate of authenticity for physical goods.

The collapse of FTX was a stark reminder that users can lose everything if they keep their crypto on an exchange.

It took a multi-billion-dollar disaster to learn the lesson the hard way, but the message has been received.

And now investors have pulled more than $1 billion from Binance in the past 24 hours alone.

READ MORE: Netflix is launching Stranger Things NFTs and they’re cheaper than you think

Crypto exchanges are basically like banks for cryptocurrencies.

Except they’re usually unregulated, and that means that everything can be lost if the exchange goes belly-up.

That’s what happened to FTX users.

FTX collapsed about a month ago, going from a $25 billion evaluation to zero overnight.

Even though other exchanges like Coinbase and Binance are deemed more secure, users are no longer taking any chances.

Sam Bankman-Fried, the exchange’s founder and former CEO, is currently awaiting extradition in the US after being arrested in the Bahamas.

Bankman-Fried was denied bail after a Bahamian judge deemed him a flight risk.

He’s been charged with eight counts, including wire fraud and conspiracy to commit fraud.

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FTX’s new CEO, John Ray III, has recently testified before the US House Committee on Financial Services to shed light on the collapse of the crypto exchange.

Ray III is the same attorney that oversaw the bankruptcy of Enron, and he says the state of FTX is much worse.

Shortly after being appointed, Ray III said he’d “never seen such a complete failure of corporate controls”.

In his testimony, he added that “there’s literally no record-keeping whatsoever [in FTX]”.

Ray III also said that he and his team were able to secure $1 billion of recovered assets so far.

You can watch the full testimony in the video below.

This was a bad year for crypto.

In May 2022 we saw the $45 billion collapse of LUNA, one of the largest cryptocurrencies at the time.

Since then, several crypto exchanges have filed for bankruptcy.

And then of course we need to talk about NFTs.

Non-Fungible Tokens were all the rage last year but most of them are now worthless.

The situation is getting so serious that celebrities who promoted some NFTs – whether directly or indirectly – are getting sued for it.

A group of disgruntled NFT investors have filed a class action lawsuit against a long list of celebrities in California.

Justin Bieber, Madonna, Steph Curry, Kevin Hart, Madonna, Post Malone and Paris Hilton have all been named alongside at least 30 others.

READ MORE: Logan Paul has turned the most expensive Pokémon card in the world into an NFT

It all started during the 2021 NFT craze.

Celebrities were spending millions to acquire the hottest NFT from the Bored Ape Yacht Club collection.

More to the point, they were bragging about it on TV and social media, which led investors to believe these NFTs were a good investment.

And when the value started dropping during the ongoing crypto bear market, investors felt like they’d been defrauded.

According to the lawsuit, the claimants believe these celebrities were hired to “artificially inflate and distort the price” of Bored Ape Yacht Club NFTs.

In addition to a long list of celebs, the class action lawsuit also names executives who work at Yuga Labs, the company that created the Bored Ape NFTs.

The lawsuit also mentions MoonPay, a crypto payments app, for facilitating the transactions.

Claimants are seeking damages of $5 million.

A Yuga Labs spokesperson said these claims were “opportunistic and parasitic”.

While the NFTs in question did indeed prove a bad investment, claimants will have to prove the 37 celebrity co-defendants acted with malice.

This isn’t going to be easy, especially considering even the celebrities in question lost money.

Justin Bieber, for example, purchased a Bored Ape NFT for $1.29 million in 2021.

It is now worth $69,000.

Check out the full list of celebrities who are getting sued here.

About the Bored Ape Yacht Club

The Bored Ape Yacht Club NFT collection is the second-largest by sales volume.

The number of Bored Apes that change hands every 24 hours is pretty low (between four and six), but they’re incredibly expensive.

On average, a Bored Ape costs 75 Ethereum – or $97,000.

Sam Bankman-Fried’s ‘holiday’ in the Bahamas was cut short after being arrested in the capital Nassau.

The founder and former CEO of FTX will now be extradited to the United States to face fraud charges.

READ MORE: Netflix is launching Stranger Things NFTs and they’re cheaper than you think

The disgraced ex-billionaire has been living in a $40 million penthouse in the Bahamas since he started the FTX crypto exchange in 2019.

FTX collapsed about a month ago, going from a $25 billion evaluation to zero overnight.

Since then, investors have been asking the same question over and over again:

“Why isn’t Bankman-Fried in jail yet?”

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Now that Sam Bankman-Fried is finally under arrest, the other question everyone is asking is “where is the money?”

SBF – as most people call him – appeared to have siphoned billions out of the platform to use as his personal piggy bank.

According to Bahamian authorities, he spent at least $256 million on Bahamas real estate.

And now the country wants it back.

Retrieving the funds will be long and difficult process.

The lawyer that’s overseeing the bankruptcy proceeding said he’d never seen such a “complete failure of corporate controls”.

Ironically, SBF is the son of two compliance lawyers.

The bad news is investors will receive cents on the dollar, and that’s in the best-case scenario.

In addition to that, large creditors will get priority over ‘the little guy’.

The fall of FTX was also a disaster for politicians.

Several US politicians on both sides of the spectrum received large donations, which they may have to return.

Celebrities are under pressure, too.

Steph Curry and Tom Brady are facing Texas investigation (and lawsuits) for promoting the exchange.

Shark Tank star Kevin O’Leary has appeared on numerous news programs addressing his involvement with FTX.

O’Leary said he lost $15 million in FTX and yet, in a recent podcast interview he said he would still invest in another project involving Bankman-Fried.

Speaking of which, Sam Bankman-Fried will have to stay away from the spotlight after being placed under arrest.

He spent the last few weeks giving frequent interviews, trying to make himself look like an ameteur who made mistakes, rather than a fraudster.

It’ll be up to prosecutors to decide whether that’s going to fly or not.

Sadly, the average Joe and Jane who invested in the FTX will be at the bottom of the pecking order when it comes to getting any of their money back.

Unfortunately, in such cases, only two things are sure.

One, customers will receive cents on the dollar if they’re lucky.

And two, it will take years.

The crypto disaster is getting worse by the minute after the demise of FTX.

The soon-to-be defunct platform was once the world’s second-largest crypto exchange, it is now bankrupt.

READ MORE: Logan Paul has turned the most expensive Pokémon card in the world into an NFT

From NFTs that are now virtually worthless to crypto exchanges that are going bust, the situation is bleak.

And what’s more, things aren’t looking good for celebrities who endorsed crypto projects that collapsed.

CHECK THIS OUT!

From NBA and NFL stars like Steph Curry and Tom Brady to Shark Tank investor Kevin O’Leary – it’s a long list.

They are now facing backlash for promoting failed crypto projects and, more to the point, there might be legal consequences, too.

Brady, Curry and other celebrities are now facing Texas investigation for endorsing FTX – the crypto exchange that went from $32 billion to nothing overnight.

And the list goes on.

Crypto.com, another major crypto firm, spent $700 million to rename the Staples Center in Los Angeles, which is now known as the Crypto.com Arena.

The company also hired Hollywood A-lister Matt Damon to star in an ad that backfired in spectacular fashion.

In the ad, Damon likens trading crypto to mankind’s greatest achievements.

Bitcoin’s value has dropped more than 60 percent since the ad aired.

Even more worringly, Crypto.com’s own token CRONOS has lost more than 90% since the ad aired in October 2021.

And then of course we have to talk about NFTs.

Earlier this year, at the peak of the NFT frenzy, Justin Bieber bought a Bored Ape Yacht Club NFT for $1.29 million (in Ethereum).

The same NFT is now worth around $69k.

The list of celebrities who own at least one Bored Ape NFT is incredibly long.

Eminem, Future, Paris Hilton, Neymar, Serena Williams, Logan Paul.

Steve Aoki owns 11 of them.

Back in April, the cheapest Bored Ape NFT you could buy cost 142 ETH – worth around $426,000 at the time.

Now, the cheapest Bored Ape ‘only’ costs 67 ETH – or $80,000.