Did Bitcoinica founder Zhou Tong steal funds, return a part of them, then pay someone to keep it quiet? Well that would seem to be the impression created by the latest revelation contained in a Youtube video discussed on Reddit. Bitcoinica – Some Background Zhou Tong founded Bitcoinica in 2011 at the age of 17. Bitcoinica was an online trading company that enabled users to speculate on contract-for-difference market against the Bitcoin to USD exchange rate. In March 2012, Bitcoinica reported that they had lost 43,554 BTC after an alleged hacking at web hosting provider Linode’s servers. A […]
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