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Then, he blackmailed a U.S. Senator

The Insane Story of Michael Brown – the man who lost $36 BILLION worth of Bitcoin. 👇

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Let's Dive In! 👇

1/ Early Bitcoin was full of opportunities

By mining blocks of 50 BTC on a laptop, some were able to amass HUGE fortunes

One was Michael Mancil Brown, known as KnightMB – he was once the 7th richest person in Bitcoin

2/ Brown discovered #Bitcoin in early 2010

When he first got involved, 1 BTC was less than $0.01

Here he is chatting with Satoshi on the forums

3/ Brown was there for some of the biggest Bitcoin moments

Here he is replying to Laszlo’s pizza thread

1 Bitcoin was still worth only $0.06

4/ Outside of Bitcoin, Brown led a seemingly quiet life

His family thought he was an IT specialist

He made the local news for a bicycle he made

5/ Still, not everything about Brown added up…

He claimed to know Satoshi’s identity…

“I can’t say if he is alive or dead,” he said.

6/ Then there was the matter of Brown’s employer…

He claimed he was building Bitcoin products for banks

Here’s where things got really interesting…

7/ Brown said his employers were paying him to generate MASSIVE amounts of Bitcoin

In total, he mined over 370,000 BTC with their servers…

But he said they soon lost interest in the project…

8/ As Brown tells it, he convinced his bosses to sell him the project for $5,000

He got 371,000 BTC in the deal

That’s $0.01 per coin

9/ Shortly after, Brown disappeared

Some wondered what happened to the 370,000 $BTC

By that time, his Bitcoin was worth $1 million...

10/ Behind the scenes, Brown’s life was more complicated

Back in 2009, he had been raided by the Secret Service

Now they were investigating him again

11/ In real life, the cops were after Brown again

This time it was in connection with a ransom scandal…

One that involved a US presidential candidate

12/ The U.S. government accused Brown of extortion

They believed he stole Mitt Romney’s tax returns

And that he was holding them for a $1 million ransom

13/ In the early days of Bitcoin, this was headline news

Brown went on TV to claim he was innocent

But police seized his computers and arrested him

14/ Yet, the evidence was against him

Agents were able to connect him to the hard drive mailed to Romney

It contained a photo of his own cat… one identified by his own home camera video…

15/ In 2016, Brown aka KnightMB was convicted

He was indicted by a jury

He was forced to pay $200,000 and spent 4 years in prison

16/ One year later, Brown managed to get his sentence reviewed

He claimed others had access to his computers, that his friends were the real crooks

But the court upheld his conviction..

17/ Brown claims that the lawsuit’s costs left him destitute.

As to what happened to his 371,000 Bitcoin …

It remains a mystery

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#MileiMemeCoinControversy #GeopoliticalImpactOnBTC #AIandStablecoins #CardanoETFTalk #BNBChainMeme

The *Shiba Inu (SHIB)* community is at it again! 🐕🔥 They’ve ramped up their *burning efforts* to reduce the supply and hopefully drive up the value of SHIB. But here’s the twist – despite the *massive burn*, SHIB’s price has *dropped by over 3%* since Sunday. 🤔 So, what’s really going on? Let’s break it down! 👇

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*🔥 SHIB Burn Rate Shoots Up by 1,190%!*

In the last 24 hours, the *SHIB community* has burned an *impressive 44,011,839 SHIB* tokens. That’s a ton of tokens made permanently unspendable! 💥🔥 Here’s how it went down:

- 🔹 *Biggest burns*: Two anonymous *whales* sent *20.8M SHIB* and *20.4M SHIB* to burn addresses.
- 🔹 *Weekly burn stats*: A total of *82.93M SHIB* have been burned in the past *seven days*.
- 🔹 *Burn rate increase*: The *burn rate* is up by *32.13%* compared to last week. 🔥🔥

That’s a huge increase, right? It looks like the *SHIB army* is serious about cutting down the supply to *potentially boost price*. 💰

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*🚀 What’s Next for SHIB?*

So, with all these tokens burned, is *SHIB’s price* finally going to bounce back? 🤔 Or is the market just *not responding* to the burn efforts right now?
The reality is – *burning tokens reduces supply*, but it doesn’t *automatically guarantee price increases*. 📉 *Market sentiment* and *overall trends* play a much bigger role in determining price.

While the *burn rate* is impressive, the *market conditions* are a big factor. Right now, the *overall market* is facing some dips, and *SHIB* is no exception. 🐾

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*Key Takeaways:*

- 🔥 *Burn rate skyrocketing* with millions of SHIB burned, especially by whales.
- 📉 Despite burns, SHIB’s *price is down* 3% since Sunday.
- 💡 The market is still unpredictable, and burning alone doesn’t guarantee a price surge.

Will *SHIB* continue to burn through the supply and *make a comeback*? Only time will tell, but for now, *the SHIB community is pushing hard* to reduce that supply and hope for the best! 🚀

Stay tuned, and always keep an eye on the market! 👀💹

$SHIB
{spot}(SHIBUSDT)
$DOGE
{spot}(DOGEUSDT)
#SHIB #ShibaInu #SHIBCommunity #TokenBurning #priceprediction