The Trendon Shavers Scandal. Trendon Shavers was a resident of Prosper, Texas. He ran an online trading firm known as Bitcoin Savings and Trust. He raised 764,000 Bitcoins for this firm between 2011 and 2012. The value of these Bitcoins was $4.5 million. Shavers promised a 7% return on their investment. Sadly, he misappropriated the funds he had raised by using them to live luxuriously ... Trendon T. Shavers is the name of the man recently charged by the US Securities and Exchange Commission (SEC) for allegedly running a Bitcoin-related Ponzi scheme.However, the Bitcoin world knows him better as the famous ‘pirateat40’. The founder and main operator of Bitcoin Savings and Trust (BTCST) offered and sold Bitcoin-denominated investments through the platform, collecting a true ... Trendon Shavers, operating under the alias “pirateat40”, has been charged by US District Court for operating a Bitcoin-related Ponzi scheme, misappropriating approximately $4.5 million worth of Bitcoin.. Bitcoin Savings and Trust, along with Mr. Shavers have been accused of illegally appropriating roughly 146,000 of 764,000 Bitcoins (estimated at $4.5 million) his operation raised between ... Bitcoin’s price is $14,462.14 BTC/USD exchange rate today. The real-time BTC market cap of $268.05 Billion currently ranks #1 with a chart dominance at 62.37%, daily trading volume of $8.09 Billion and live coin value change of BTC 4.65 in the last 24 hours.. Bitcoin Price: Live BTC/USD Charts, History Analysis Updates and Real-Time Coin Market Value Data Hinter diesem Schema steht Trendon Shavers, der unter den Pseudonym Pirateat40 einen eigenen Bitcoin-Fonds aufsetzte. Bei Bitcointalk.org versprach Shavers den Anlegern im November 2011 eine wöchentliche Rendite von sieben Prozent. Bereits im August 2012 schloss Shavers den Fonds, da die Verwaltung zu komplex sei. Texas resident Trendon Shavers is now serving an 18-month jail sentence for a Ponzi-style scheme based around Bitcoin. The “first person to face federal securities fraud charges involving bitcoins,” Shavers promised unusually high returns to investors, while in turn using funds to pay back early investors, and amass bitcoins for himself. Shavers also purchased a BMW and funded a Vegas ... If anything good has come out of the Ponzi scheme set up by Trendon Shavers – more known in the cryptocurrency world as ‘pirateat40’ – is the decision of a Texas judge, who has recently ruled that “Bitcoin is a currency or form of money”, meaning that the Securities and Exchange Commission (SEC) can go ahead and sue the suspect. You can check the document signed by the North ... An interesting series of heists revolved around Bitcoinica, an early bitcoin exchange by a 17-year-old entrepreneur and coder named Zhou Tong. Hackers first exploited a vulnerability in shared online web host Linode and stole over 46,653 BTC from eight different Bitcoin services there in March 2012, including more than 43,000 coins from Bitcoinica. Video: Life On Bitcoin Newlywed Couple Hits The Road: . Beccy and Austin Craig (@LifeOnBitcoin) have been filming their lives for the first three months of their marriage while they live on Bitcoin for a documentary. Provo Utah’s KSL5 TV news reporter Jed Boal interviews them.Excerpts: “The Craigs will test the principal of currency when they begin roadtripping across the county Saturday. This happened as a result of the massive theft of cryptocurrency on the Linode exchange. Bitcoin’s total market capitalization was then slightly less than $ 230,000. August 2012: Pirateat40. The cryptocurrency price began to rise again, despite the failures in the first quarter of 2012. However, in August, Bitcoin was waiting for another collapse. After Trendon Shavers (Priate @ 40) stopped ...
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