ID:
mybitcoin-exchange-840
100 pts
Platform:
Type:
Category:
Method:
Data Sources:
Bitcoin
Exchange
Assets
Key Management
Extended Method:
Private key leak, hot wallet
Days in Operation:
0
100 pts each
MyBitcoin was a user-friendly wallet platform catering mostly to crypto newbies interested in buying bitcoin for the first time. Dozens of users flocked to the platform in its early days. MyBitcoin built its reputation by providing a free, user-friendly service targeted at newbie Bitcoin buyers. It collected scores of users, including Bitcoin evangelist and host of The Bitcoin Show Bruce Wagner. MyBitcoin had half its deposits in “cold storage,” he said, so it will be refunding all users 49 percent of their deposits. MyBitcoin claims to have had 154,406 Bitcoins in its coffers at the time of the incident, which at the time translated to more than $2 million USD.
Shutdown around 7/20/2011
DISCLAIMER: While web3rekt has used the best efforts in aggregating and maintaining this database, this web site makes no representations or warranties with respect to the accuracy or completeness of its information and data herein, and specifically disclaim any implied warranties of merchantability or fitness for any particular purpose.
Under no circumstances, shall web3rekt be liable for any loss of profit or funds, any regulatory or governmental penalties, any legal costs, or any other commercial and non-commercial damages, including but not limited to special, incidental, consequential, or other damages from any or all usage of the data and information derived from this database.