2025-12-07 08:55:43

Recently, someone in the community dug up an old photo, bringing back a long-buried story. I remember hearing about this back then and thought it had been resolved long ago. But judging by the recent responses, it seems this debt is still outstanding.

What is it about? A Bitcoin loan. 1,500 BTC were lent out, which, at today’s prices, is $135 million. In traditional finance, that would be a sky-high debt. Even if the borrowing company does go public, that hole won’t be easy to fill.

What’s interesting is that the lender is now taking the official route, and their company’s development seems quite steady. Otherwise, according to the early “code of the crypto world,” this might have ended very differently. 1,500 BTC—anyone would feel the pain. When this debt will be settled is anyone’s guess. Looks like we’ll have to keep watching.

BTC2.38%

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PoetryOnChain

· 9h ago

1,500 BTC? That’ll take forever to get done. --- That’s how the crypto world is—old bad debts are still being argued over years later, hilarious. --- Going the proper route ends up taking even longer? That logic is kind of ironic. --- $135 million just hanging there—anyone would feel anxious about that. --- Tsk, if this were back in the old days and handled by underworld rules, it would’ve been a totally different story by now. --- Even if it actually goes public, it still won’t fill this hole—kind of ridiculous. --- Still just watching the show, no idea how many more years we’ll have to watch.

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ForeverBuyingDips

· 12h ago

1,500 BTC, how could that debt ever be repaid? That's pretty desperate. The old-school rules of the crypto world don't work anymore—it’s time to talk about the rule of law. Times have changed. If this hole actually gets filled, now that would be news. If you ask me, the creditor's approach is still pretty soft. Back in the day, they would've definitely used force. People love to watch the drama—let's just wait and see how it all unfolds. $135 million—no one could just swallow that loss. Still unresolved? Then let it hang for now, we've got nothing but time. If you borrow, you have to repay—it's only right. The question is how. I remember this incident—it was a big deal back then, and yet, all these years later... Serves them right. That’s how the crypto world was in the early days, and now the system is turning the tables.

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StablecoinArbitrageur

· 12-07 09:22

honestly, 1500 BTC unpaid is just... statistically speaking, a 98% probability this never gets fully settled. the basis points on that kind of receivables are wild if you actually model the default risk

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SerumSquirter

· 12-07 09:21

1,500 BTC still not paid back? The crypto world really dares to owe anything. --- This debt has dragged on for so long, it should have been settled by now. --- Wait, it's still unresolved? I thought it ended ages ago. --- If it were me, I'd have gone to court long ago—$135 million! --- Haha, that's how crypto is—a black hole of debt that's never satisfied. --- If it hadn't gone public, this might have turned into bad debt ages ago. Good thing they went the legit route. --- Just watching for the drama, I couldn't pay back that much BTC anyway. --- Does anyone still follow those old rules of the game these days? --- 1,500 Bitcoin? Damn, I'd have lost my mind by now. --- Still unresolved, huh? How much longer is this drama going to last?

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NFTRegretDiary

· 12-07 09:18

How much would 1,500 BTC be worth now... I can't calculate it but it hurts --- Wait, is this still not over? Why does everything in crypto feel like an unsolved mystery --- Looks like we still have to rely on legal measures, the old ways really don't work anymore --- 135 million, huh? This debt will probably follow them to the grave --- The official process is painfully slow, but it's definitely better than the total chaos in the crypto world --- It's crazy, when they lent it out they definitely didn't expect it to go up this much --- If this debt actually gets recovered, it would be a miracle

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