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Back in the day on Reddit dogecoin tipping bot was popular and Redditors used it to tip others. However, one day in 2017 bot owner made a post that they sold all of users' Doge to fund their personal failures. 109 million doge from 84k accounts was stolen

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by COINS NEWS 92 Views

Since I couldn't fit everything in the title I am adding that at the time that this person said user's funds are forever lost, that amount of Doge (in May 2017) was worth around $130k+, so even then it was not a small chunk of money at all. Some users even at that point had over $500 of Doge on their balance.

This is the post the creator of dogecoin tip bot made to justify his actions: https://np.reddit.com/r/dogecoin/comments/69vycc/important_im_taking_dogetipbot_to_a_server_farm/

So in the whole post he did not really even fully apologize to people, but it felt like that post was made more as an attempt to feel sorry for him. As if he was close to bankruptcy, had to layoff some workers (all types of excuses) so had to take all of the doge from the balances. Exact amount of Doge that was there was 108,911,472.26171964 DOGE from 84,671 accounts in total. That means average user had on balance around 1300 DOGE. That would've been worth over $900 during its ATHs.

A lot of users had pretty huge balances on the dogecointipbot that they did not withdrew which were just wiped out aka stolen by the creator, so they must have felt a great amount of anger when May 2021 hit and Doge reached heights of over $0.7. Some folks had more than 100k Doge on their balances that they thought was safe, and that the person running the dogecointipbot was trustworthy. A lot of that stolen money could have been life changing to people that this was stolen from.

It is even more ridiculous reading some comments in the original post and seeing how he emotionally duped a lot of people as if he's some sort of a victim in this whole story, when in the end all he did was stole other people's crypto and financed their own personal ventures with it.

submitted by /u/mbdtf95
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