He mined #Bitcoin    when it was under $0.05

He held the keys to 25,000 $BTC

The Tragic Story of how ALLINVAIN lost $1.6 billion in one of the biggest robberies in crypto history 🔥

1/ In 2010, ALLINVAIN started one of the first #Bitcoin    exchanges

Bitcoin Express let users buy $BTC with PayPal.

It sold 1,000 BTC for $5. That’s $0.005 per BTC ‼️

2/ But ALLINVAIN was also a dedicated #Bitcoin    miner.

Armed with only his laptop, he was generating a 50 BTC block every hour.

That’s 1,200 BTC per day 🤯

2/ But ALLINVAIN was also a dedicated #Bitcoin    miner.

Armed with only his laptop, he was generating a 50 BTC block every hour.

That’s 1,200 BTC per day 🤯

4/ By 2011, mining difficulty SKYROCKETED

"It's as if everyone, their mother, father, cousin, and their dog started mining," he said.

Hashrate surged to 4 TH/S. In 2010, it was only 0.001% – an increase of 114,000%

Then, on June 13, 2011, DISASTER struck

He saw a 25,000 $BTC transaction out of his wallet

Just like that, ALL his #bitcoin☀️    was gone