That last one was Ethan Burnside when he shut down BTC Trading Corp in 2013 following a determination by the SEC that his exchange could no longer be operated within the current regulatory framework. FinCEN and the SEC had just recognized Bitcoin as money, changing the environment such that exchange operation by a small group was no longer feasible. Now you need big bucks to get federal and state MSB licenses.
Up to that point, BTC Trading Corp had never been hacked in a way that lost any customer funds. Why? Because Ethan had been operating secure hosting facilities for companies around the world since 1997. From the very early days of Linux, Apache, PHP, & JAVA, Ethan had been operating Kattare Internet Services, a hosting company specializing in securely operating web applications using PHP, Tomcat, JBoss, Resin, and other application servers.
So when it came time to shut down BTC Trading Corp, Ethan had everyone's funds. And instead of running and disappearing, or announcing a hack, or suddenly closing up shop, Ethan worked hard to facilitate an orderly shutdown, whereby clients could retrieve their funds and their records for their taxes. Ethan could have retired quietly in the Bahamas. Instead he doubled down, worked back and forth with the SEC, created new reports compatible with tax software, and spent countless hours answering customer service requests.
Kattare Internet Services â As the primary hosting and operations partner of TxQuick, Nick Hayward, Stacy Wilhelm, and Anna McDermond at Kattare have a combined 75 years of internet connected computer technology experience and have handled deployments for Caesars Interactive Entertainment, Playtika Ltd, The Home Depot, The Trump Organization, American Payroll Association, Vizio USA, The National Cristina Foundation, and many, many others. The Kattare team handles our server deployments and server maintenance across several globally diverse datacenters.