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**🚀 The Incredible Story of Zhao Tong: The Teen Who Lost 99,000 BTC Worth $6 Billion Today** - **🎓 16-Year-Old Coder**: Zhao Tong bought Bitcoin in 2010 for $10. - **🛠️ Bitcoinica Creator**: Built the first crypto margin exchange in 4 days. - **📈 Rapid Growth**: Bitcoinica traded $40M/month, earning Zhao 2,000 BTC in 2 weeks. - **💡 Concerns**: Critics worried about his age and security measures. - **🏫 School vs. Success**: Sold Bitcoinica in late 2011 due to school commitments. - **🤝 New Ownership**: Wendon Group acquired Bitcoinica, brought in Amir Taaki for an audit. - **💰 Big Investment**: Wendon invested $1M in Bitcoin.com domain. - **💥 Hacks**: Bitcoinica lost 91,000 BTC in March 2012 due to multiple hacks. - **🔥 Firestorm**: Blame game ensued; notable figures like Roger Ver lost significant BTC. - **🕵️‍♂️ Mystery**: The exact events remain unclear. - **😞 Zhao's Downfall**: Reputation tarnished, became a viral meme among Bitcoin OGs. - **💎 Last Investment**: Invested 1,000 BTC in a rare solid gold Casascius coin, now worth $60M. - **🚶‍♂️ Exit**: Zhao left the industry, emphasizing the need for strong personal security in crypto. **💬 "Zhao Tonged"**: Still used to describe investors who have been robbed and cheated. #BlackRock #altcoins #btc70k #MicroStrategy

**🚀 The Incredible Story of Zhao Tong: The Teen Who Lost 99,000 BTC Worth $6 Billion Today**

- **🎓 16-Year-Old Coder**: Zhao Tong bought Bitcoin in 2010 for $10.

- **🛠️ Bitcoinica Creator**: Built the first crypto margin exchange in 4 days.

- **📈 Rapid Growth**: Bitcoinica traded $40M/month, earning Zhao 2,000 BTC in 2 weeks.

- **💡 Concerns**: Critics worried about his age and security measures.

- **🏫 School vs. Success**: Sold Bitcoinica in late 2011 due to school commitments.

- **🤝 New Ownership**: Wendon Group acquired Bitcoinica, brought in Amir Taaki for an audit.

- **💰 Big Investment**: Wendon invested $1M in Bitcoin.com domain.

- **💥 Hacks**: Bitcoinica lost 91,000 BTC in March 2012 due to multiple hacks.

- **🔥 Firestorm**: Blame game ensued; notable figures like Roger Ver lost significant BTC.

- **🕵️‍♂️ Mystery**: The exact events remain unclear.

- **😞 Zhao's Downfall**: Reputation tarnished, became a viral meme among Bitcoin OGs.

- **💎 Last Investment**: Invested 1,000 BTC in a rare solid gold Casascius coin, now worth $60M.

- **🚶‍♂️ Exit**: Zhao left the industry, emphasizing the need for strong personal security in crypto.

**💬 "Zhao Tonged"**: Still used to describe investors who have been robbed and cheated.

#BlackRock #altcoins #btc70k #MicroStrategy

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