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Thefts not included Some thefts in Bitcoin's history, although severe and damaging to Bitcoin users, did not involve the theft of over one thousand bitcoins. These thefts are listed below. The total amount stolen was Later fraudulent transactions ended up costing the exchange even more, and after the March Linode Hacks they shut down, citing USD stolen or scammed through fraud. Minor but notable thefts Other thefts are minor, but are unique in some manner for example, interesting methods or a first of its kind.

First recorded physical theft of bitcoins: These bitcoins were later recovered: Exact amount indeterminate; but lack of public outrage suggests it was not very high. New estimates may move these thefts to the main list.

Pony Botnet [98] While it is conceivable that it has continued to steal digital currency, the amount given in the article is stated as an upper bound, and also includes unrelated digital currencies.

On watch This section is reserved for possible thefts and scams that bear mentioning. It is not an endorsement, and the presence on this list does not imply a scam. Everydice, which currently does not meet the lower bound, may reach it if the site owners disappear.

Exchange rate data is mainly from Bitstamp and inflation data mainly from the United States Bureau of Labor Statistics. Gox price data is used up untilbut Bitstamp price data is used starting from Note on the inclusion of this scam: Evidence suggests that the founder withheld information from investors, such as the fact that he was a minor.

Although a portion of the losses can be attributed to incompetence, there is significant reason to believe that the founder kept a significant chunk of the invested funds to himself. Ten minutes, or seconds, represents Satoshi's estimated block transmission time. Gox official press release. Daily Tech, recap of the incident. This was the official estimate, which is likely inexact potentially a lower bound. Since no transaction took place, there was no record on the Blockchain.

This is a conservative estimate based on the values of SolidCoin lost, and assuming that the values of Bitcoin lost resembled those. Official statement by Bitcoin7 owners in a listing to sell the code behind Bitcoin7. Bitscalper was a Ponzi scheme, paying investors with other investor money, and failed to disclose such. Brief textual analysis conducted specifically for this list. Although initial business failures are a result of incompetence, Andrew Nollan later failed to communicate professionally with investors, and thereafter disappeared, indicating that investor losses were at least partially due to Nollan's intent or negligence.

Official account; source for destination address. Account of a Silk Road user. Official statement by BitMarket. This was the Mt. Gox daily limit for withdrawals. Statement by Matthew Neal Wright in email response. Alberto Armandi's story blaming Jonathon Ryan Owens. Texan charged in ponzi scheme Zerohedge. Blockchain analysis by BitcoinTalk moderator.

Downes of SEC, civil action. Personal account by victim. User mralbi's personal report. Internet Archive archive of Bit LC press release. Mining cost of Analysis conducted specifically for this list. Selected example of paranoia on Reddit. Vitalik Buterin, Bitcoin Magazine.

Vircurex May Report. Amount sent to thief addresses: Official statement by Vircurex in March This was an intentional transaction, which was a legitimate withdrawal. However, although it was sent, the site database was not updated to reflect the changed balances, causing the incident. Just-Dice database of debits and credits. United States' criminal complaint. James Ball, The Guardian.

Alex Hern, The Guardian. This information was obtained directly from the Bitcoin blockchain by looking up the transaction or transactions listed in the entry. The Guardian on December 3, The Guardian on December 9, Nicholas Weaver's estimate, quoted in Forbes.

Official statement from Flexcoin. MintPal cold wallet account ledger. Archived Update posted by the exchange. Update from Everydice developer. Credits Thanks to the following who generously wrote commentary: Jennifer Pippin Linode Hacks Thanks to the following who suggested or clarified incidents: So, an update from the last thread: Now 8 posts are reserved and if necessary I can consume this post.

Some are still missing because I need to research them more. They will be added in due time. Hence I have begun work on an automatic ranker. This should be finished soon, but given my propensity for delaying things, it probably will not be. Thank you to those who kept me updated! Things left on the backlog waiting for more research: Feel free to reply now; the number of posts reserved is plenty. I am not sure a forum is the best place to display this much information, especially if you are going to update it with a ton more stuff.

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This section of my blog used to contain myriad articles on a wide range of topics of interest to nonprofits. In , I decided to cull it, and to focus on two sometimes controversial topics: You might enjoy checking that site out as well. Bitcoin is a new currency that was created in by an unknown person using the alias Satoshi Nakamoto.

Transactions are made with no middle men — meaning, no banks! Bitcoin can be used to book hotels on Expedia, shop for furniture on Overstock and buy Xbox games. But much of the hype is about getting rich by trading it. The price of bitcoin skyrocketed into the thousands in By design, blockchains are inherently resistant to modification of the data.

Once recorded, the data in any given block cannot be altered retroactively without the alteration of all subsequent blocks, which requires collusion of the network majority. This topic is changing rapidly! Supportive Posting on Cryptocurrencies. I am approached occasionally by some wanting to be included in this list of resources. In the spirit of sharing and global camaraderie, here are a few more links!

Crowdfunding is the use of small amounts of capital from a large number of individuals to finance a new business or social good venture. Crowdfunding makes use of the easy accessibility of vast networks of people through social media and crowdfunding websites to bring investors and entrepreneurs together. You are commenting using your WordPress. You are commenting using your Twitter account. You are commenting using your Facebook account. Notify me of new comments via email.

Notify me of new posts via email. Are You Ready for a Capital Campaign? Are We Missing the Boat? Bitcoin and Blockchain Definitions Bitcoin is a new currency that was created in by an unknown person using the alias Satoshi Nakamoto. Wikipedia This topic is changing rapidly! Stay tuned for more information. Supportive Posting on Cryptocurrencies I am approached occasionally by some wanting to be included in this list of resources. I work as a freelance web designer and in my free time I build websites like this one.

We do the blogs beyond the ordinary way of doing them. How Simple Is It? Devin Thorpe on GoodCrowd. Leave a Reply Cancel reply Enter your comment here Please log in using one of these methods to post your comment: Email required Address never made public.

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