Domain XBT.com is on sale for 200 BTC
Smart Planet
The domain XBT.com is put on sale with a minimum price of 200 bitcoins, which at the moment of writing amounts to $2.8 million.
The current owner, a private company XBT Holding, registered in Luxembourg, specializes in hosting and data storage. Previously, this company was featured as one of the suspects of spreading viruses and stealing data from the Democratic Party during the last presidential campaign.
According to the version of Buzzfeed, the key role in those criminal actions was played by the head of XBT Alexey Gubarev, who might be related to Russian Federal Security Service.Later XBT filed a suit against Buzzfeed.
The reason why this domain could be bought for 200 BTC, is that these letters are often used as an abbreviation of the word “bitcoin” instead of the more widely known BTC. Gubarev’s company has owned this domain since 2010 when bitcoin was practically worthless.
“This domain has way more value in the hands of someone in the cryptocurrency business,” – Gubarev said in emailed remarks. He also added that the reputation of the company was damaged and now the project thinks about rebranding. The domain was put for sale on 5 January. Requests to buy will be accepted after a deposit of $10,000 or 0.5 bitcoins, though by now not a single request was registered.