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Fortune
Fortune
Marco Quiroz-Gutierrez

Scammers net 6 figures on Bitcoin Pizza Day

(Credit: Photo illustration by Fortune; original photos by Getty Images)

Bitcoin Pizza Day was supposed to be a celebration of crypto utility, but instead it was dampened by a flurry of new pizza-themed memecoins that swindled thousands of dollars from investors.

Every May 22, many crypto and Bitcoin faithful celebrate the anniversary of when, in 2010, a computer developer named Laszlo Hanyecz bought two pizzas for 10,000 Bitcoin, a sum now worth more than $260 million.

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