Quantcast
news.com.au 25 Nov, 2021 07:00 am

Crypto donors pay $1.4 million in fees for failed US Constitution bid

Crypto donors pay $1.4 million in fees for failed US Constitution bid
A group of 17,000 people who failed in their attempt to buy a rare copy of the US Constitution are now facing more than $1.4 million in crypto fees.

Around 17,000 people who tried to use crypto to buy a rare copy of a historical document are now facing a huge bill.Picture: Yuki Iwamura/AFP The sale of the document set a world record for a historical document.h4 Key advice for investing in crypto Bitcoin plunge destroys gold proposition Instead Kenneth Griffin, chief executive officer of the hedge fund Citadel in Chicago, set a world record for the purchase of a historical document with his $43 million winning bid.A group of 17,000 people who failed in their attempt to buy a rare copy of the US Constitution are now facing more than $1.

The crowd-funding effort made headlines for trying to purchase one of only 13 known surviving copies of the US charter at an auction in New York last week, but sadly the group lost to a billionaire who bid $US43 million ($AU60 million) for the document.A copy of the United States Constitution was sold for $US43 million at Sotheby's auction house in New York on November 18, 2021.

Read full story at news.com.au