An Unknown Cryptocurrency Trader Just Made Over $200 Million in One Month

An unknown cryptocurrency trader turned $55 million of paper wealth into $283 million in just over a month.
The only clue about this person or persons, beyond a virtual wallet, surfaced on a June 11 Instagram posting, in Bahasa, in which he or she posing boasted about the 413 percent profit accumulated earlier this year from ether, the digital money of the Ethereum blockchain.

Hidden identities are a popular feature of the twilight world of virtual money. Now that the total value of cryptocurrency, such as bitcoin and ether, soared June 6 to more than $100 billion, approaching the market value of McDonald’s Corp., concerned regulators say it might be time to link wallet IDs with actual humans. 

Secrecy persists from the days, earlier this decade, when Ross Ulbricht, going by the nom de guerre Dread Pirate Roberts, used bitcoin to launder money and traffic in narcotics, activities for which he started serving a life term at the Metropolitan Correctional Center in New York.

Secrecy persists from the days, earlier this decade, when Ross Ulbricht, going by the nom de guerre Dread Pirate Roberts, used bitcoin to launder money and traffic in narcotics, activities for which he started serving a life term at the Metropolitan Correctional Center in New York.

Source: Bloomberg Technology

Jr Trader Alexander Kumanov

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