Ya win some, ya lose some, and hope the former is greater than the atter. Ya go from preyin on whales to being chewed on these dats.
And sometimes you lose it all... Ouch.
RIP
to the greatest trader that never was.
What a crazy story.
https://twitter.com/BitMEXResearch/status/1589670014462103558This was epic:
"@RogerVer lets make a deal. At least 60k, my BTU for your BTC."
The offer is open to Jihan Wu as well.
Consider it primarily as a vote of no confidence in the Bitcoin Unlimited software and development team as it currently stands. I'll add the contingency that the deal is null and void if there are major changes to either.
About this... here's the thing.
Assuming the IRS-CI folks actually took custody of the BTC, How in THE HELL did Zhong justify storing ~50k BTC in a way so insecure that this could even happen? Maybe they only have the addresses, and the private keys are somehow secure (like maybe a simple BIP39 passphrase???).
I am all for keeping your setup simple so you don't lose the coins via complication. But there is either more to this story, or our dear "Loaded" was incredibly ill prepared.