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🇺🇸 JUST IN: The US Senate has confirmed pro-crypto Michael Selig as CFTC Chairman in a 53-43 vote.
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🥷 One of the darkest chapters in early Bitcoin history In June 2011, a Bitcointalk user known as Allinvain lost 25,000 BTC in a single transaction — worth about $500,000 at the time and over $2.2 billion today. What happened: ▪️On June 13, 2011, 25,000 BTC were drained from his wallet in one move and never returned ▪️The coins were sent to a single address and later split and laundered ▪️The attack started with a compromised Slush Pool account, where payouts were redirected due to no 2FA ▪️The critical mistake: an unencrypted wallet.dat stored on a Windows PC with software from unknown sources ▪️Private keys were copied, and the funds were gone within seconds Outcome: ▪️A total of 25,033 BTC were eventually dispersed ▪️Only 0.004 BTC remained on the original address ▪️The attacker was never identified A brutal reminder of how unforgiving early Bitcoin security mistakes were.
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