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ID:

bitcoin7-839

Date:

Status:

Incident Count:

October 5, 2011

Verified

1

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REKT

Contributor:

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zerofriction.io

KYC By:

KYC:

None

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Audit By:

Audits:

None

Loss Amount:

110,000

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Recovered:

-

Rewards:

Currency:

USD, BTC

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Bitcoin

Exchange

Assets

Scams

Extended Method:

Rug Pull

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Days in Operation:

126

(0.35 Years)

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Bitcoin7 was a business operating in 2011 that was once the third-largest BTC/USD exchange behind Tradehill and Mt Gox. On October 5, 2011, the company reported a theft of 11,000 BTC allegedly stemming from a group of Russian hackers. However, many believe the breach was an inside job and employees ran off with the funds. The Bitcoin7 domain was later sold for $10,000 USD in 2013, but has been offline ever since this incident

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