Detail Analysis
Date:
Status:
Count:
Contributor:
October 5, 2011
Verified
1
zerofriction.io
KYC By:
KYC:
None
Audit By:
Audits:
None
Loss Amount:
110,000
Recovered Amount:
-
Currency:
Dollars, BTC
Key Indicators
Platform:
Type:
Category:
Method:
Data Sources:
Bitcoin
Exchange
Assets
Scams
Extended Method:
Rug Pull
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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