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In 2011, a person spent $5,000 to buy nearly 10% of the Bitcoin in the world at that time.
Not an exaggeration, he actually acquired 371,067 Bitcoins.
This story has been pretty outrageous from the start.
A small company in Tennessee, USA, started mining Bitcoin very early on. Later, an employee asked the boss, "Can I buy the entire mining farm?" The boss agreed, for $5,000.
So, the wallet he took contained 371,067 Bitcoins.
👉 Polymarket official website:
Based on the supply at the time, roughly 1 in every 10 Bitcoins on Earth was in his hands. Later, he posted a screenshot of his wallet balance on the BitcoinTalk forum, and the entire forum exploded.
And then, this person disappeared.
It wasn't until the 2012 U.S. presidential election, when the FBI raided him, that the world heard his name again. The story was pretty surreal — he hacked into PwC, stole Mitt Romney’s tax documents, and extorted them for $1 million in Bitcoin.
He called himself "Dr. Evil" in the ransom letter.
And the way he was caught was even more absurd: because he posted a photo of his cat online.
In the end, he was charged with 12 felonies and served four years in prison. As for those 371,067 Bitcoins, he said he had already spent, donated, or lost them.
371,067 Bitcoins, which at the time of purchase was only worth a used Honda. What ultimately exposed him wasn’t hacking skills, but a housecat.
Do you think the most unbelievable part of this story is that he once held 10% of the world's Bitcoin, or that these coins ended up just disappearing?
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