- Token Economy
Victims: Investors in Bitcoin Rain, account holders on Mercado Bitcoin.
Perpetrator: Leandro César
Amount: Estimate 4000 BTC Analysis conducted specifically for this list.
Equivalent in USD: 231440 $
Equivalent in January 2014 BTC: 284 BTC
A suspected long-running con likened to the infamous Bitcoin Savings and Trust, Bitcoin Rain finally defaulted on March 28, 2013. Leandro César claimed there was a security breach on his exchange website Mercado Bitcoin. Leandro César, “Problema do Mercado Bitcoin”. As Bitcoin Rain’s funds were stored there, investors in Bitcoin Rain as well as account holders on Mercado Bitcoin lost money. Some money was reportedly paid back, but the vast majority is still outstanding.