Do you know the 4 most hated people in the history of Bitcoin and other cryptocurrencies?

Do you want to know where the prejudice of some people who hate Bitcoin and cryptocurrency comes from? In addition to the fact that it is a new thing, the main reason is that Bitcoin has been accompanied by many scams and frauds in its history. Every once in a while, a larger-scale scam will occur. The following article introduces the four most hated people in the history of cryptocurrency development.

1. Mark Karpeles

The owner of Mt. Gox, he is probably the most hated person in the history of Bitcoin. He operated the Mt. Gox exchange from 2010 to early 2014, and the exchange went offline in February 2014, and at the same time, 750,000 Bitcoins (worth about $450 million at the time) in the exchange disappeared. In late 2015, Karpeles was arrested in Japan for corruption and other related crimes.

2. Trendon Shavers

Trendon Shavers operated the largest Bitcoin scam in history. He was the founder of the Bitcoin Savings & Trust project, which raised 764,000 Bitcoins (worth $4.5 million at the time). Shavers promised an exaggerated return of 7% per week, which would total 3,641% in a year. According to BTCST's investigation report, Shavers actually only invested a small amount of money, and he mainly used the funds invested by other investors to pay others. Shavers was arrested and admitted to operating a Ponzi scheme worth $150 million.

3. Ryan Kennedy

Kennedy founded Moolah, a Dogecoin exchange, while he was a student at Plymouth City College. Well, if you haven't guessed by now, he actually ran away with $1.4 million worth of Moolah users' cryptocurrency. After Mintpal was hacked for $2 million, Kennedy and a few others bought Mintpal and integrated over 7,000 accounts into Moolah. But shockingly, Moolah filed for bankruptcy soon after. Kennedy was also accused of stealing 750 bitcoins from the Dogecoin community and he was believed to have destroyed Dogecoin.

4.Steve Chen

Steve came up with a scam called Gemcoin and hurt the entire cryptocurrency community. Steve and nine other members were accused of running a Ponzi scheme to defraud the American and Chinese people. Their slogan was "Invest in Gemcoin and you will make a lot of money." However, this was not the case. Instead, Steve and his partners ran away with investors' funds of about $100 million. Investors sued them, and finally Steve and his friends were put in jail.

Translator's note: Many Bitcoin Ponzi schemes abroad have been exposed, so how many Bitcoin Ponzi schemes still exist in China? This article hopes that the majority of digital currency enthusiasts will be wary of Ponzi schemes when investing, and be wary of good things that fall from the sky. Secondly, friends who trade on exchanges should also avoid putting all their eggs in one basket, pay attention to risk differentiation, and protect their own property.