LIVE**๐ The Incredible Story of Zhao Tong: The Teen Who Lost 99,000 BTC Worth $6 Billion Today**
- **๐ 16-Year-Old Coder**: Zhao Tong bought Bitcoin in 2010 for $10.
- **๐ ๏ธ Bitcoinica Creator**: Built the first crypto margin exchange in 4 days.
- **๐ Rapid Growth**: Bitcoinica traded $40M/month, earning Zhao 2,000 BTC in 2 weeks.
- **๐ก Concerns**: Critics worried about his age and security measures.
- **๐ซ School vs. Success**: Sold Bitcoinica in late 2011 due to school commitments.
- **๐ค New Ownership**: Wendon Group acquired Bitcoinica, brought in Amir Taaki for an audit.
- **๐ฐ Big Investment**: Wendon invested $1M in Bitcoin.com domain.
- **๐ฅ Hacks**: Bitcoinica lost 91,000 BTC in March 2012 due to multiple hacks.
- **๐ฅ Firestorm**: Blame game ensued; notable figures like Roger Ver lost significant BTC.
- **๐ต๏ธโโ๏ธ Mystery**: The exact events remain unclear.
- **๐ Zhao's Downfall**: Reputation tarnished, became a viral meme among Bitcoin OGs.
- **๐ Last Investment**: Invested 1,000 BTC in a rare solid gold Casascius coin, now worth $60M.
- **๐ถโโ๏ธ Exit**: Zhao left the industry, emphasizing the need for strong personal security in crypto.
**๐ฌ "Zhao Tonged"**: Still used to describe investors who have been robbed and cheated.
LIVE