A teenager built Bitcoinica, one of the first Bitcoin margin exchanges, only to see it collapse after massive hacks and the loss of tens of thousands of BTC.

Archie and The Bitcoin Historian, Pete Rizzo, explains how Bitcoinica pioneered Bitcoin derivatives, the mysterious investors and developers who became involved, and how the fallout helped shape the more mature exchanges we use today.

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The 17 Year-oId Who Lost $6.5B in Bitcoin | Pete Rizzo