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A man bought 260,000 #Bitcoin for $0.01 each His exchange ERASED the trade The TRAGIC STORY of Kevin Day, who lost $16 billion in the biggest crypto rollback in history 👀 Kevin Day was a 1990s geek from Nebraska, video game developer In his spare time, he worked on the internet. When his startup closed in the Dot-Com Crash, he went on hosting websites. That’s what attracted him to #Bitcoin – he loved the freedom of web culture. He joined #Bitcoin when the price was $7 BTC was on a tear – up from $0.30 He was frantically trying to mine BTC Then, on June 19, 2011 – he got the opportunity of a LIFETIME BTC CRASHED from $17 to $0.01 –– in just 20 minutes While others were freaking out, he took action. He bid to buy $3,000 worth of #Bitcoin . The price? $0.0101 He bought 259,684 BTC for UNDER $3,000 When the price bounced back – it was a 166,000% gain the $5 MILLION he made But his luck didn’t last long The flash crash was due to an exchange hack – a hacker had stolen the coins, then sold them to crash the market. Mt. Gox quickly announced it would "roll back" the trades. It wasn't a great time to hold your btc on an exchange. A week earlier, Mt. Gox. reported 25,000 BTC stolen The exchange was now blaming THEIR OWN AUDITOR! A rollback meant all trades after the hack would be canceled – including Kevin's Other buyers who put in legitimate orders – buying hundreds of #Bitcoin for PENNIES… saw 0 BTC balances. Now, before the roll back, Kevin made a small withdrawal Of the 260,000 he bought, he withdrew 643 BTC – the most allowed by the exchange's own policies He believed his trade was legitimate. In Kevin’s mind, he wasn’t responsible for his exchange’s security. Mt. Gox never refunded any individuals who were hacked Ultimately, Mt. Gox would do what was in its best interest – erasing all the trades. Kevin lost 259,360 #Bitcoin But he learned a valuable lesson – never leave your coins on an exchange

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🚨What happened in Crypto in the last 12h?🚨 • $FET - According to FetchAI #HMsheikh4, more info on $ASI is coming soon. • $FLOKI - Floki has announced the Closed Beta launch of its Trading Bot. The beta will run for two weeks before public release. • $GAL - Galxe will reveal a special announcement tomorrow at 9pm CDT, possibly related to rebranding. • $JUP - Jupiter has announced that tomorrow they will launch the LFG site. • $LFT - Lifeform has announced the launch of its official staking program • $MBX - Marblex has announced voting for Game Token Consolidation starts today on Snapshot, proposing transition to a single token, gMBXL. • $PUFF - Puff has teased that they will release a “hint of what the Endgame for Mantle involves” later this week. • $SOL - Solana validators approved a proposal to allocate 100% of priority fees to themselves, ending the 50/50 burn/reward split. • $UNI - Uniswap Foundation has announced Uniswap v4 will be released later this year. They hold $41.41M in cash and stablecoins. • $ZK - Polyhedra Network has announced $ZK Staking will launch on June 10. • Coingecko CEO #bobbyong shilling $WOJAK. #Megadrop #MtGox #EarnFreeCrypto2024 #ETHETFsApproved #FIT21

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💰💰💰understand candle pattern 💰💰💰

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Terra LUNA & LUNC: Binance Burns Over $59B Terra Luna Classic (LUNC) Tokens The largest cryptocurrency exchange globally, confirmed an extra burn of Terra Luna Classic (LUNC) tokens, surpassing 59 billion tokens, as reported by LUNC Burn Tracker on May 23. Binance regularly burns LUNC tokens, separate from its monthly mechanism. In early May, they burned 1.4 billion tokens, now totaling 59.07 billion, which is 51.9% of the community’s total burned tokens at 113.71 billion. The broader crypto market saw a selloff, affecting LUNC and $USTC prices. $LUNC dropped 2.45% in 24 hours to $0.0001134, while USTC fell 3.66% to $0.02274. Trading volumes also fluctuated, notably increasing by 231% recently. Investors responded to market shifts, mirroring past selloffs after SEC approvals, highlighting Binance’s continuous backing of Terra Luna Classic since 2022 as a sign of its commitment to community resurgence. #EarnFreeCrypto2024 #FIT21 #ETHETFsApproved #altcoins #BinanceLaunchpool

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Top 8 Projects Will Unlock Tokens this Week | May 27 - Jun 2 👇 1. $AXL - $24.28M ~ 3.85% M.cap - May 27 2. $MAV - $5.0M ~ 4.43% M.Cap - May 28 3. $PORTAL - $26.59M ~ 18.3% M.Cap - May 29 4. $PRIME - $17.7M ~ 2.54% M.Cap - May 30 5. $OP - $62.59M ~ 2.22% M.Cap - Jun 1 6. $1INCH - $30.78M ~ 6.4% M.Cap - Jun 1 7. $DYDX - $67.77M ~ 11.9% M.Cap - Jun 1 8. $ENA - $51.08M ~ 3.53% M.Cap - Jun 2 The token price may be pushed up to pay out vesting for investors. Accumulation of the token could happen before and after the unlock to optimize profits and entry/exit points. Monitor the actions of Smart Money to gain additional insights. #DataFi #iCrypto #Megadrop #EarnFreeCrypto2024 #MtGox

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