in 1795 a young man named Daniel mcginness stumbled upon a strange depression in the ground on Oak Island Nova Scotia believing it could be a sign of buried treasure he and his friends began digging after only a few feet they uncovered a layer of stones and as they dug deeper they found wooden platforms every 10 ft this mysterious pit now known as The Money Pit sparked centuries of treasure hunts and wild theories over the years countless teams of treasure Seekers have tried to unearth what lies at the bottom of the pit along the way strange discoveries were made carved stones with cryptic symbols fragments of gold chain and layers of unfamiliar materials like coconut fiber which does not naturally occur on the island some believe the treasure could be pirate Loop possibly from Captain kid While others speculate that it holds sacred artifacts such as the Holy Grail or the Ark of the Covenant despite modern technology and millions of dollars spent the treasure has remained Elusive and many have come up empty-handed only deepening the Island's mysterious and puzzling intri