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