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Topic: Nigerian crypto educator returns $80k in bitcoin recieve by mistake. (Read 686 times)

full member
Activity: 756
Merit: 231
really good to hear that there are still people with good hearts in the world, shows there's still hope
It would be rare to have such people around now but still humanity in the world exists and really that person needs to be applauded for his wonderful act of being honest and retuning back which was not his bitcoin. Today its value would be huge but still kindness never goes waste and he would receive it in some or other way in his life much bigger.
Sincerely speaking the value as at today would made anyone in Nigeria live rich but he returned the funds back was something else, becasue many on social media criticize his gentle action. Although, we all know how far the name called Nigeria has been ridiculed on the internet and many don't believe that the said country can have reputable inhabitants who possibly could make a point, it's will take time to redeem the country image but there are still good and kind heartened individuals like this one.
hero member
Activity: 1946
Merit: 502
Are you still not among the people that is making people feel that everything that is associated with Nigeria is negative because I could remember that you posted of recent also, where you said that kidnappers In Nigeria are now demanding for bitcoin in Nigeria, reading this alone, what impression did you create, in as much as we need to post and carry news, I think that we should learn to filter somethings even if it means us being biased to be able to portray your country good.

This you have posted here is something of quality and it shows that we still have great people with great mind in Nigeria, although you can only find few of them, and some Nigerians are pretenders, I have ad friends from Nigeria and have been able to discern them.

Yes you are absolutely right, we should always try to represent our country and be a good ambassador, if the media are not spreading the positive sides of the story then we should take it upon ourselves to spread good news,
Am happy for the person who mistakenly send such a huge sum to a good samaritan account supposing it was one of this scammers account that would have been history,  and the guy who returned the btc, my respect for him, surely only those with a huge hear can do this. I hope the receiver will pay it forward.
full member
Activity: 896
Merit: 104
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Although there are quite a lot of fraudsters amongst Africans, it is important to know that there are still a lot of people that are good folks. In fact, it is only a tiny percentage of them that are fraudulent. I've had the opportunity of dealing with many Africans especially Nigerians. These guys are good people. Honest and dedicated to their work.
It should also be known that most of those adopting bitcoin are from Africa simply because their government have failed them in many ways and Bitcoin gave them the opportunity to control and make their own money.
On the other hand, this shows how easily one can lose money by just sending to a wrong address. What if the recipient isn't generous enough to return the funds? There is nothing that can be done to retrieve such funds.
hero member
Activity: 1652
Merit: 569
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In conclusion, Nigerians are enthusiast of this currency (bitcoin), Any Nigerian who have encounter the currency and invested wisely can testify it has had more effects in their life than the government had during that timeframe😁 all I'm trying to say is we mean well towards the adoption of the currency. Although this is a story of just one individual, there are many of us out there who would had done the same.

This is really great and I really admire Nigerians because of their dedication. When I first started learning about Cryptocurrencies, there was a person within telegram that taught me on how to engage positively within the forum and even if I remember correctly, when I applied at a Alternate Cryptocurrency Campaign. The person who was managing that campaign was a Nigerian and he really did a job well done to manage that campaign well and now Im really surprised that the person handling the campaign that I joined is also a Nigerian which is so cool!!!

Its really no doubt that Nigerians are really focus on things that they learned so we should just appreciate them.


Exactly, honesty is a another form of purest heart. If you do good you be rewarded same applies in every one's life. I am really amazed about the person kind gesture, it should have definitely appreciated as this is a big money.

I really want to salute this guy as far as I know he should be rewarded from the government of its country towards the way the approached, only because of these people the world is still alive.
member
Activity: 518
Merit: 23
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In conclusion, Nigerians are enthusiast of this currency (bitcoin), Any Nigerian who have encounter the currency and invested wisely can testify it has had more effects in their life than the government had during that timeframe😁 all I'm trying to say is we mean well towards the adoption of the currency. Although this is a story of just one individual, there are many of us out there who would had done the same.

This is really great and I really admire Nigerians because of their dedication. When I first started learning about Cryptocurrencies, there was a person within telegram that taught me on how to engage positively within the forum and even if I remember correctly, when I applied at a Alternate Cryptocurrency Campaign. The person who was managing that campaign was a Nigerian and he really did a job well done to manage that campaign well and now Im really surprised that the person handling the campaign that I joined is also a Nigerian which is so cool!!!

Its really no doubt that Nigerians are really focus on things that they learned so we should just appreciate them.
legendary
Activity: 3234
Merit: 5637
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If you observe my post on the political and society board, i report both good and bad news associated with the continent Africa in general but still the bad news get more views and reply (that's attention) than the good ones.

People have been taught by the media that bad news is more important than good news, and for the media it is good because bad news sells better, specifically they have more views and clicks. While part of the public has a positive opinion about someone returning something that is not his, some certainly think it’s a stupid move because who else returns $80k if they’re not forced to do that?

As for Nigeria, I think the story of the Nigerian prince is still remembered by many around the world, and it’s hard to get rid of a bad reputation no matter how many good things you do. Although this type of scam is present everywhere in the world, it is still Nigeria that is most exposed as a kind of center of the entire scam industry. Yet if there are people who are honorable and honest, things will change, but it will happen gradually.

One reason Nigeria may have been singled out is the apparently comical, almost ludicrous nature of the promise of West African riches from a Nigerian prince. According to Cormac Herley, a Microsoft researcher, "By sending an email that repels all but the most gullible, the scammer gets the most promising marks to self-select. Nevertheless, Nigeria has earned a reputation for being at the center of email scammers, and the number 419 refers to the article of the Nigerian Criminal Code (part of Chapter 38: "Obtaining property by false pretenses; Cheating") dealing with fraud. However, scholars have argued that the stereotypic term "Nigerian Prince" is racist, and Nigerians should not be reduced to a nation of scammers and fraudulent princes.
sr. member
Activity: 616
Merit: 253
I'm not at all surprised that this has happened. I still believe in humanity.
member
Activity: 574
Merit: 24
There are good people in Nigeria and also more bad people, I'm not going to ridicule a country because of their colors but merely living among nigerians you will easily feel that absence of love, I know this isn't about nigeria only, it's happening in other black countries too, anyways I'm glad the guy took the right path, today many acts as if God is dead, if you eat or swallow what you don't work for you will pay for it one way or the other, I believe the guy understands the law of karma, may God bless him abundantly
hero member
Activity: 2310
Merit: 532
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In Nigeria you can live like a king with $80000. Almost an year ago it happened, and now if the educator have kept hold of the received bitcoins, now it could've turned to be around $200000. Everyone won't have such a mind as the educator have got. There are people who need to be praised, just because of people belonging to specific country one shouldn't be tagged bad. There are people who are born to make the country proud.
sr. member
Activity: 1918
Merit: 370
It was known that Nigerians are enthusiastic in bettering their lives, they saw cryotocurrency as an opportunity, and had done measures to get a hold of these. Sometimes their creativity and knowledge goes to the wrong hands. Nevertheless I appreciate this guy's honesty. 80k is very hard to come by these days let alone in bitcoins which would have been really expensive by now. So kudoeto this guy for standing up against all adversity in order to do the right thing.
Great that everything worked out so well, but it also shows dangerous Bitcoin can be - one mistake is enough to lose thousands of dollars. I think people should use wallet's feature to label addresses instead of relying only on manual check of addresses. Maybe in the future wallets will have some features for decentralized identity management and we won't even have to deal with addresses anymore.

Pretty sure that 80k is a punch in the gut for someone, but I'm thinking that if he was able to send 80k and manhandle the trnasaction fees, then maybe he can just afford to get the money back anyway, probably the reason why he never bothered to contact the person anymore since he can just regain this losses without his identity being known.
member
Activity: 532
Merit: 13
There are good people in Nigeria with many good deeds we should not overlooked. The one said in the thread is one out of the thousand that has been by Nigerians
hero member
Activity: 2968
Merit: 640
There are good people everywhere, not just in Nigeria. But such news gives me hope in humanity
I guess the reason why the news made it is just because Nigerians is s country with both rich and poor people. But the number of people living in abject poverty is much more than people that are living well, and I think this is the reason why it is surprising that amidst all the financial challenges that everyone in the country is passing through, someone could still deemed fit to return such huge amount of money.

We have good people everywhere which I agree which you but poverty has made some Africans become so heartless and cruel to humanity, if not for poverty, Nigerians are one of the best people that you can ever come across with because they are very nice and hardworking. To some level, you can actually trust them because I have had dealings with some of them.
newbie
Activity: 138
Merit: 0
really good to hear that there are still people with good hearts in the world, shows there's still hope
jr. member
Activity: 69
Merit: 2
Honestly negative news spread like wild fire especially when it originates from Africa, frankly speaking many countries are also culprits but the bad eggs among Nigerians had battered its image such that much attention focused on that country negatively others countries like Philippine had some cases of scammers which had not widely reported however a singular act of honesty by this Nigerian crypto educator returning a whooping $80K worth of bitcoin is highly commendable and shows that good people are abound in Nigeria.

There are good people everywhere, not just in Nigeria. But such news gives me hope in humanity
sr. member
Activity: 2842
Merit: 326
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Well, it's never a good idea to make general assumptions about something based just on few examples. Nigeria had lot of negative attention due to big number of scams from this country, but I think Nigeris isn't exceptional in this topic. You can find lot of scammers in all corners of world.  And unfortunately for Nigeria it will be difficult to change their image into positive side, because this stereotype about scammers is already deep in people heads.
This story is very nice. 7.8 BTC is a lot of money and it's amazing that original owner was able to get it back. Because often in such situation it can be impossible to find it. Even if you have good intentions, sending Bitcoin back to sender's address could result that these BTC will be lost forever, for example if that person used exchange address.
Honestly negative news spread like wild fire especially when it originates from Africa, frankly speaking many countries are also culprits but the bad eggs among Nigerians had battered its image such that much attention focused on that country negatively others countries like Philippine had some cases of scammers which had not widely reported however a singular act of honesty by this Nigerian crypto educator returning a whooping $80K worth of bitcoin is highly commendable and shows that good people are abound in Nigeria.
sr. member
Activity: 672
Merit: 250
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We cannot help but value and appreciate people are sincere, and honest especially when it comes to finances. In a world that scamming people of their money and day light robbery has almost become a norm, it is good, and a restoration of faith to see someone refund money sent to them by mistake, especially funds this huge.
member
Activity: 686
Merit: 15
Keith's good heart is a treasure to this community, by building integrity for himself.  One really has to be extremely careful while sending out cryptocurrency, it must be double-checked and check again at the final stage.

The elder brother of an old friend came over my house to help him buy bitcoin for his forex trade, even though I kept telling him I wanted to be there while he was transferring the bitcoin to his broker, as a newbie to bitcoin, he sent it to a wrong account and it's lost forever.
member
Activity: 532
Merit: 41
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That bad news are always reported is just a normal thing in the mainstream media and it can also be because people are not usually patronizing good news! I mean it is part of our human nature that we are more curious to know bad things happening rather than those which are positive. Now, having said that, it is all upon us the people to share any good news that we can find...and this story of returning Bitcoin is a good one. As they always say, there are always two sides to the story and in the case of human nature there is always that good and evil we have to contend with.
jr. member
Activity: 185
Merit: 1
When I was selling my Bitcoin Magazine #1 on this site, someone offered me a ludicrous amount and I easily accepted.
They sent me a ton of BTC, and after some investigation I realized they wanted another item for sale on the board.

All the BTC was returned within the hour.

Although that amount of BTC could've changed my year, it wasn't worth the feeling of knowing I am a shitty person.


Another time I sold someone in person some LTC, only $200 more than he bought - he didn't know me, I didn't know him, funds returned within 24hours.

A lot of us crypto enthusiasts seem like decent people, although there will always be scammers in every walks of life
legendary
Activity: 2450
Merit: 4295
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Good people are still among us. It's in our nature that we focus on bad news but we can't ignore the good is there too.

This man could have kept the money but he will make more on the good nae and trust he gained with this good deed. Some money will last you for a few years of fun but a good name stays with you for much longer.

Exactly, worst part of the matter (from comments online) is that, he's getting dragged for his actions. Some individuals are suggesting he could have easily returned the bitcoin without making a big deal out of it. Saying his intentions for bringing the matter to the public was just to seek attention. This came after series of interview and endorsement deals has come the way of the crypto educator.

But regardless of what his intention were, I'll say he did the right thing and him doing this openly was also the right way to go about the issue getting resolved (in my opinion). Irrespective of anything you do under the sun, people will always have something negative to say that's just how humans are.
hero member
Activity: 2184
Merit: 531
Good people are still among us. It's in our nature that we focus on bad news but we can't ignore the good is there too.

This man could have kept the money but he will make more on the good nae and trust he gained with this good deed. Some money will last you for a few years of fun but a good name stays with you for much longer.
legendary
Activity: 2450
Merit: 4295
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Are you still not among the people that is making people feel that everything that is associated with Nigeria is negative because I could remember that you posted of recent also, where you said that kidnappers In Nigeria are now demanding for bitcoin in Nigeria, reading this alone, what impression did you create, in as much as we need to post and carry news, I think that we should learn to filter somethings even if it means us being biased to be able to portray your country good.

Yeah and I immediately followed it up with a goodnews to avoid the interpretation been one sided. I don't buy into the idea of filtering any news I dish it out as it's. If you observe my post on the political and society board, i report both good and bad news associated with the continent Africa in general but still the bad news get more views and reply (that's attention) than the good ones.

On the bitcoin discuss boards, i have done a thread way back reporting about the use of bitcoin in Africa and Nigeria was leading that chart meaning it was a positive news towards Nigeria yet it got turned into negativity as offtopic unrelated discussions took over the thread.  The issue isn't about the news reported but the way it's been interpreted by the viewers.
legendary
Activity: 2464
Merit: 1102
Are you still not among the people that is making people feel that everything that is associated with Nigeria is negative because I could remember that you posted of recent also, where you said that kidnappers In Nigeria are now demanding for bitcoin in Nigeria, reading this alone, what impression did you create, in as much as we need to post and carry news, I think that we should learn to filter somethings even if it means us being biased to be able to portray your country good.

This you have posted here is something of quality and it shows that we still have great people with great mind in Nigeria, although you can only find few of them, and some Nigerians are pretenders, I have ad friends from Nigeria and have been able to discern them.
legendary
Activity: 3542
Merit: 1965
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Yes unfortunately positive news like that does not get the attention of the media, they always say bad news sells papersAngry Nigeria also have good people and not all those people are scammers, so incidents like this should also be highlighted by the media for them to repair their bad reputation.  Wink

The problem is that there are not enough of these incidents happening in Nigeria and when they happen, more focus are put on the many negative things that are happening there.   Sad
full member
Activity: 1750
Merit: 118
Blessed those people who are honest and had an urge to return money that they do not really own.
its rare to find people like him knowing that the world that we living todays are now purely operated by money  , i mean you cant be happy anymore if you dont have a money because the things are now expensive and there were always a new gadget that comes on the market that every people wante to have  . faith in humanity is still restored  .

If I were the real owner and I've transacted it to the wrong address then it was really depressing.
obviously  . who would love to transact it to a wrong reciever ? not unless if he was intended to do it for a giveaway because he have lots of btc/money   and he wont feel depressed  .
sr. member
Activity: 798
Merit: 251
Small Trader
I was very happy when I saw the news. It turns out there are still good people and want to find who is the owner of Bitcoin. That indicates Keith Mali is an honest person. Very good!
legendary
Activity: 2338
Merit: 1261
Heisenberg
The problem with some people is stereotyping or generalizing. When they get scammed by one Nigerian, the start to think that all Nigerians are scammers. When they see a few people in a certain African country who are living in terrible poverty, they start to think that all people in that country are so poor or needy.

They forget that people are different and within the bad or needy people, there are good people just like other parts of the world. We have scammers and needy people from every corner of the world be it Russia, China etc.

I believe we have lots of great people in Nigeria and Africa in general. People who are hard workers, People who are ready to embrace bitcoin. Just ignore the negative minds who talk ill about your Country.
legendary
Activity: 3234
Merit: 1375
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Well, it's never a good idea to make general assumptions about something based just on few examples. Nigeria had lot of negative attention due to big number of scams from this country, but I think Nigeris isn't exceptional in this topic. You can find lot of scammers in all corners of world.  And unfortunately for Nigeria it will be difficult to change their image into positive side, because this stereotype about scammers is already deep in people heads.
This story is very nice. 7.8 BTC is a lot of money and it's amazing that original owner was able to get it back. Because often in such situation it can be impossible to find it. Even if you have good intentions, sending Bitcoin back to sender's address could result that these BTC will be lost forever, for example if that person used exchange address.
jr. member
Activity: 75
Merit: 5
It's an african country?
Have you some pictures of this country?
I really love "colored people" (sorry I don't know what is the appropriate word to name them)
full member
Activity: 588
Merit: 100
This threads is as a respond to the numerous replies on my previous thread proclaiming everything Nigeria is been associated with negatively. The actual truth is the good/positive incident aren't been circulated like the negative news. The media are mostly interested in painting the country bad. This incident of a bitcoin entrepreneur returing 7.8 BTC (worth around $80,000 when the transaction occurs) is an example we do have good individuals among us. I did follow the development of the story when i saw his tweet informing about the mistake although I'll be linking you guys to a more reliable source.

Keith Mali Chung — the co-founder and president of African blockchain firm Loopblock Network — has returned almost $80,000 worth of Bitcoin (BTC) mistakenly sent to his wallet.

Chung — who goes by the Twitter handle of “Bitcoin Keith (The African Bitcoin Bull)” — tweeted about the incident on Sept. 12:
“I received huge sum of BTC from an unknown sender and it’s definitely a mistake from someone I must have had transaction with before, Kindly DM me time of transaction, your adress and exact digits sent..
thank you. Kindly retweet”

In a further update on Sept. 13, Chung revealed that the exact sum of apparently accidentally transferred Bitcoin was 7.8 BTC — worth $79,482 to press time. He also indicated that the sender who remains anonymous had responded to his request, meaning he was able to return the funds. He explained:

“In Africa, which is where I am situated, 80% we transact Cryptos through WhatsApp escrows and someone who himself and I had business in the past made this huge mistake of sending 7.8BTC into my blockchain wallet. I spread the words round & he reached out.”

Chung’s actions earned him significant social media acclaim and even the moniker of “African/Nigerian good samaritan” on crypto Twitter. Had he failed to identify the sender, he had pledged to donate the accidentally-gotten proceeds to Binance, which organizes a series of philanthropic projects via its charity arm, Binance Charity.  

In conclusion, Nigerians are enthusiast of this currency (bitcoin), Any Nigerian who have encounter the currency and invested wisely can testify it has had more effects in their life than the government had during that timeframe😁 all I'm trying to say is we mean well towards the adoption of the currency. Although this is a story of just one individual, there are many of us out there who would had done the same.

Oh! What a great news that there are some people living in this world honestly. That's wonderful  history to all over over the world. This is the best example attitude that all people may adopt  to have a healthy life.
sr. member
Activity: 1246
Merit: 255
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This threads is as a respond to the numerous replies on my previous thread proclaiming everything Nigeria is been associated with negatively. The actual truth is the good/positive incident aren't been circulated like the negative news. The media are mostly interested in painting the country bad. This incident of a bitcoin entrepreneur returing 7.8 BTC (worth around $80,000 when the transaction occurs) is an example we do have good individuals among us. I did follow the development of the story when i saw his tweet informing about the mistake although I'll be linking you guys to a more reliable source.

Keith Mali Chung — the co-founder and president of African blockchain firm Loopblock Network — has returned almost $80,000 worth of Bitcoin (BTC) mistakenly sent to his wallet.

Chung — who goes by the Twitter handle of “Bitcoin Keith (The African Bitcoin Bull)” — tweeted about the incident on Sept. 12:
“I received huge sum of BTC from an unknown sender and it’s definitely a mistake from someone I must have had transaction with before, Kindly DM me time of transaction, your adress and exact digits sent..
thank you. Kindly retweet”

In a further update on Sept. 13, Chung revealed that the exact sum of apparently accidentally transferred Bitcoin was 7.8 BTC — worth $79,482 to press time. He also indicated that the sender who remains anonymous had responded to his request, meaning he was able to return the funds. He explained:

“In Africa, which is where I am situated, 80% we transact Cryptos through WhatsApp escrows and someone who himself and I had business in the past made this huge mistake of sending 7.8BTC into my blockchain wallet. I spread the words round & he reached out.”

Chung’s actions earned him significant social media acclaim and even the moniker of “African/Nigerian good samaritan” on crypto Twitter. Had he failed to identify the sender, he had pledged to donate the accidentally-gotten proceeds to Binance, which organizes a series of philanthropic projects via its charity arm, Binance Charity.  

In conclusion, Nigerians are enthusiast of this currency (bitcoin), Any Nigerian who have encounter the currency and invested wisely can testify it has had more effects in their life than the government had during that timeframe😁 all I'm trying to say is we mean well towards the adoption of the currency. Although this is a story of just one individual, there are many of us out there who would had done the same.

I can vouch for Nigerians  that they are good people, I'm not a Nigerian and had a lot of Nigerian friends and bad and good people exist in every country, it should not be associated to one nationality alone, going back to the Nigerian crypto educator who returns $80k in bitcoin received by mistake,  it's a good marketing for Bitcoin $80k is a big amount, and it will go higher because of Bitcoin's potential in the market.
No one here claims that Nigerian people are bad by nature. The situation prevailing within the country portrays them bad to the outer world. This will eventually change, and what we see is just a single news. There might be more and more incidents that have taken place over the past, but never revealed out.
full member
Activity: 674
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This threads is as a respond to the numerous replies on my previous thread proclaiming everything Nigeria is been associated with negatively. The actual truth is the good/positive incident aren't been circulated like the negative news. The media are mostly interested in painting the country bad. This incident of a bitcoin entrepreneur returing 7.8 BTC (worth around $80,000 when the transaction occurs) is an example we do have good individuals among us. I did follow the development of the story when i saw his tweet informing about the mistake although I'll be linking you guys to a more reliable source.

Keith Mali Chung — the co-founder and president of African blockchain firm Loopblock Network — has returned almost $80,000 worth of Bitcoin (BTC) mistakenly sent to his wallet.

Chung — who goes by the Twitter handle of “Bitcoin Keith (The African Bitcoin Bull)” — tweeted about the incident on Sept. 12:
“I received huge sum of BTC from an unknown sender and it’s definitely a mistake from someone I must have had transaction with before, Kindly DM me time of transaction, your adress and exact digits sent..
thank you. Kindly retweet”

In a further update on Sept. 13, Chung revealed that the exact sum of apparently accidentally transferred Bitcoin was 7.8 BTC — worth $79,482 to press time. He also indicated that the sender who remains anonymous had responded to his request, meaning he was able to return the funds. He explained:

“In Africa, which is where I am situated, 80% we transact Cryptos through WhatsApp escrows and someone who himself and I had business in the past made this huge mistake of sending 7.8BTC into my blockchain wallet. I spread the words round & he reached out.”

Chung’s actions earned him significant social media acclaim and even the moniker of “African/Nigerian good samaritan” on crypto Twitter. Had he failed to identify the sender, he had pledged to donate the accidentally-gotten proceeds to Binance, which organizes a series of philanthropic projects via its charity arm, Binance Charity.  

In conclusion, Nigerians are enthusiast of this currency (bitcoin), Any Nigerian who have encounter the currency and invested wisely can testify it has had more effects in their life than the government had during that timeframe😁 all I'm trying to say is we mean well towards the adoption of the currency. Although this is a story of just one individual, there are many of us out there who would had done the same.

Wow its unbelievable, such an awesome and honest person. I cant believe there's a person like him now, a big big amount of money return to the owner its not easy to do it,  but to those people who are honest only. Such a great guy to give an award of appreciation.He is very much lucky because he will reap more than he does in the life of others. That favor upon favor will come to him.
hero member
Activity: 3024
Merit: 614
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This threads is as a respond to the numerous replies on my previous thread proclaiming everything Nigeria is been associated with negatively. The actual truth is the good/positive incident aren't been circulated like the negative news. The media are mostly interested in painting the country bad. This incident of a bitcoin entrepreneur returing 7.8 BTC (worth around $80,000 when the transaction occurs) is an example we do have good individuals among us. I did follow the development of the story when i saw his tweet informing about the mistake although I'll be linking you guys to a more reliable source.

Keith Mali Chung — the co-founder and president of African blockchain firm Loopblock Network — has returned almost $80,000 worth of Bitcoin (BTC) mistakenly sent to his wallet.

Chung — who goes by the Twitter handle of “Bitcoin Keith (The African Bitcoin Bull)” — tweeted about the incident on Sept. 12:
“I received huge sum of BTC from an unknown sender and it’s definitely a mistake from someone I must have had transaction with before, Kindly DM me time of transaction, your adress and exact digits sent..
thank you. Kindly retweet”

In a further update on Sept. 13, Chung revealed that the exact sum of apparently accidentally transferred Bitcoin was 7.8 BTC — worth $79,482 to press time. He also indicated that the sender who remains anonymous had responded to his request, meaning he was able to return the funds. He explained:

“In Africa, which is where I am situated, 80% we transact Cryptos through WhatsApp escrows and someone who himself and I had business in the past made this huge mistake of sending 7.8BTC into my blockchain wallet. I spread the words round & he reached out.”

Chung’s actions earned him significant social media acclaim and even the moniker of “African/Nigerian good samaritan” on crypto Twitter. Had he failed to identify the sender, he had pledged to donate the accidentally-gotten proceeds to Binance, which organizes a series of philanthropic projects via its charity arm, Binance Charity.  

In conclusion, Nigerians are enthusiast of this currency (bitcoin), Any Nigerian who have encounter the currency and invested wisely can testify it has had more effects in their life than the government had during that timeframe😁 all I'm trying to say is we mean well towards the adoption of the currency. Although this is a story of just one individual, there are many of us out there who would had done the same.

I can vouch for Nigerians  that they are good people, I'm not a Nigerian and had a lot of Nigerian friends and bad and good people exist in every country, it should not be associated to one nationality alone, going back to the Nigerian crypto educator who returns $80k in bitcoin received by mistake,  it's a good marketing for Bitcoin $80k is a big amount, and it will go higher because of Bitcoin's potential in the market.
sr. member
Activity: 644
Merit: 264
Aurox
There are two kinds of people good and honest people and bad and greedy people. This principle applies to all ages all across different tribes, nationality and religion. This implies that there are good Nigerian and bad Nigerians. The Nigerian educator returning the $80k worth of bitcoin is an example that there are good and honest Nigerian as well as honest cryptocurrency in their area. Even though we are in the modern world there are still discrimination against black people even in the cryptocurrency industry and we can notice it during ICO's and that is black people owned  cryptocurrency are not well being patronized well. The Nigerian educators action is a good sign to somehow clears the discrimination against black people.
copper member
Activity: 122
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Cryprocurrency has significsntly improved the living standards of people in third world nations, Nigeria inclusive. Bounty campaigns and other jobs like community management has employed youths that before now have been largely unemployed with no major source of income.  Nigerians have been reputed globally as scammers but this goes a long way to prove that not everyone in Nigeria is a scammer.
sr. member
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OWNR - Store all crypto in one app.
Well done, Keith Mali Chung! many will follow his good deed.

@muslol67, what's the relation of your post to the topic?
Indeed, its because he did the right thing. That is the kind of people we need to respect because of their honesty and nice behavior, it can be the reason why people will adore him. We can really underestimate people on a country without knowing what they can do, we can't judge it just because it was reported negatively.
sr. member
Activity: 1092
Merit: 271
I agree with your stance OP.  In every country there are people who are good and bad.  Honestly, I believe there are more good one than bad, its that human nature capitalized on the bad action and make a lot of sounds about it, while if someone do good deeds, news is very quiet about it.  Saying Nigerian people are bad is so biased since the person saying it had not interact with all the people of that country.

Anyway, I kudos to the person who returned $80k worth of Bitcoin, it is a lot of money but he has maintained his integrity.  More blessings to you Keith Mali Chung!!
jr. member
Activity: 1330
Merit: 7
The Crypto Educator is building INTEGRITY for himself/herself. Despite the anonymity nature of Bitcoin, he choose to exhibit integrity. His business and other dealings with people will definitely grow because people will trust him more. If we all can exhibit positivism in our deals, we will experience growth in whatever business,etc. we engage in. GOOD ONE!
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
Well done, Keith Mali Chung! many will follow his good deed.

@muslol67, what's the relation of your post to the topic?
hero member
Activity: 1582
Merit: 670
Africa is one of the priority areas for the development of many new projects. For example, Ferrum Network, a project based in Africa, recently signed a partnership agreement with DASH to increase its activity in that region.
legendary
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Great that everything worked out so well, but it also shows dangerous Bitcoin can be - one mistake is enough to lose thousands of dollars. I think people should use wallet's feature to label addresses instead of relying only on manual check of addresses. Maybe in the future wallets will have some features for decentralized identity management and we won't even have to deal with addresses anymore.
legendary
Activity: 2450
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eXch.cx - Automatic crypto Swap Exchange.
This threads is as a respond to the numerous replies on my previous thread; Sad News: Kidnappers now requesting bitcoin as ransom in Nigeria proclaiming everything Nigeria is been associated with negatively. The actual truth is the good/positive incident aren't been circulated like the negative news. The media are mostly interested in painting the country bad. This incident of a bitcoin entrepreneur returing 7.8 BTC (worth around $80,000 when the transaction occurs) is an example we do have good individuals among us. I did follow the development of the story when i saw his tweet informing about the mistake although I'll be linking you guys to a more reliable source.

Keith Mali Chung — the co-founder and president of African blockchain firm Loopblock Network — has returned almost $80,000 worth of Bitcoin (BTC) mistakenly sent to his wallet.

Chung — who goes by the Twitter handle of “Bitcoin Keith (The African Bitcoin Bull)” — tweeted about the incident on Sept. 12:
“I received huge sum of BTC from an unknown sender and it’s definitely a mistake from someone I must have had transaction with before, Kindly DM me time of transaction, your adress and exact digits sent..
thank you. Kindly retweet”

In a further update on Sept. 13, Chung revealed that the exact sum of apparently accidentally transferred Bitcoin was 7.8 BTC — worth $79,482 to press time. He also indicated that the sender who remains anonymous had responded to his request, meaning he was able to return the funds. He explained:

“In Africa, which is where I am situated, 80% we transact Cryptos through WhatsApp escrows and someone who himself and I had business in the past made this huge mistake of sending 7.8BTC into my blockchain wallet. I spread the words round & he reached out.”

Chung’s actions earned him significant social media acclaim and even the moniker of “African/Nigerian good samaritan” on crypto Twitter. Had he failed to identify the sender, he had pledged to donate the accidentally-gotten proceeds to Binance, which organizes a series of philanthropic projects via its charity arm, Binance Charity.  

In conclusion, Nigerians are enthusiast of this currency (bitcoin), Any Nigerian who have encounter the currency and invested wisely can testify it has had more effects in their life than the government had during that timeframe😁 all I'm trying to say is we mean well towards the adoption of the currency. Although this is a story of just one individual, there are many of us out there who would had done the same.
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