On April 20, 2012, a Silk Road vendor scammed users out of 50,000 BTC. A highly rated seller on the SilkRoad marketplace convinced numerous buyers to prepay for orders, lured by discounts tied to the annual 4/20 promotions.
After collecting 50,000 bitcoin in payments, the vendor, known as Tony76, vanished—keeping both the money and the drugs.
1 BTC = $5.14