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TheCryptoDegen
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This guy bought 259,684 Bitcoin for $2,613 and the exchange reversed his trade the next day
On June 19, 2011 a hacker broke into Mt. Gox and dumped a massive amount of stolen BTC
Bitcoin crashed from $17 to $0.01 in 20 minutes
While everyone panicked Kevin placed a buy order at a penny each
His $2,613 bought 259,684 BTC and took out 643 BTC before the exchange locked withdrawals
Mt. Gox rolled back every trade from the crash and wiped his account
He posted on BitcoinTalk: "I'm Kevin, here's my side"
Half the forum called him a hero
The other half called him the hacker
He was neither
Just a smart guy who clicked buy during a crash and got everything taken from him
Mt. Gox went bankrupt 3 years later anyway
Those 259,684 BTC at today's price: over $18 billion
On June 19, 2011 a hacker broke into Mt. Gox and dumped a massive amount of stolen BTC
Bitcoin crashed from $17 to $0.01 in 20 minutes
While everyone panicked Kevin placed a buy order at a penny each
His $2,613 bought 259,684 BTC and took out 643 BTC before the exchange locked withdrawals
Mt. Gox rolled back every trade from the crash and wiped his account
He posted on BitcoinTalk: "I'm Kevin, here's my side"
Half the forum called him a hero
The other half called him the hacker
He was neither
Just a smart guy who clicked buy during a crash and got everything taken from him
Mt. Gox went bankrupt 3 years later anyway
Those 259,684 BTC at today's price: over $18 billion
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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