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The site has been mired in controversy since the owner, Jonathan Biderman, better known as Stile, posted a graphic video of a kitten being killed and prepared for a meal. The video sparked widespread outrage.
Stile said he can no longer deal with the controversy caused by the video.
"I quit," he said in an e-mail. "I can't take it anymore. Thanks to you and the media my life has been ruined... I'm getting death threats 24/7 on the phone and and can't run the site anymore, it's not worth dying over."
According to Stile, the site has been attracting more than 100,000 visitors a day since the video was posted two weeks ago.
The site won a Webby award last year in two categories: Weirdest Site and People's Choice.
The site is advertised on eBay as "an internationally recognized brand and a household name."
However, the proposed sale could be another in a long string of attention-seeking stunts.
Last year, Stile threatened to quit because of the site's skyrocketing bills.
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