#MtGox钱包动态

The junior sister will introduce the cause of the Mentougou incident.

The "Mentougou incident" refers to the major Bitcoin theft incident that occurred in the Bitcoin exchange Mt. Gox (Chinese name "Mentougou") in February 2014. Mt. Gox was once the world's largest Bitcoin exchange, and its trading volume once accounted for 80% of the world. However, the exchange announced that due to a hacker attack, about 750,000 customers' Bitcoins and 100,000 company-owned Bitcoins were stolen, totaling 744,000 Bitcoins. These Bitcoins were worth about US$350 million at the time, and according to the current Bitcoin price, it is about US$14.5 billion, accounting for 7% of the total global Bitcoin. This black swan event directly caused the price of Bitcoin to fall from US$600 to US$400 at the time, a 30% plunge in a short period of time.

After the incident, Mt. Gox CEO Mark Karpeles was charged with fraud and embezzlement and was arrested in 2015. Although Karpeles claimed to have "recovered" 200,000 bitcoins and stored them in cold wallets, analysis showed that these bitcoins were split and dispersed into 100 accounts, suggesting that the same team may be operating. In 2017, Karpeles was transferred to the Tokyo Court for trial and admitted to having conducted debt exchange operations. In the same year, he proposed to raise $245 million through an initial coin offering to rebuild the Mt. Gox exchange. On March 15, 2019, the Tokyo Court found Karpeles guilty of tampering with financial records and sentenced him to 2.5 years in prison, suspended for 4 years, but not convicted of embezzlement.

Bankruptcy trustee Kobayashi sold 35,800 bitcoins from the end of 2017 to the beginning of 2018 to repay user losses. Kobayashi said that selling through over-the-counter transactions would not affect the market price, but there is a view that his selling behavior caused the price of Bitcoin to fall several times.

The incident resulted in a large number of users failing to defend their rights. They complained at the door of Mt. Gox and the Tokyo Court many times but could not get their bitcoins back or get compensation. As time goes by, I believe the final result of this matter will be revealed. The Mentougou incident became an important node in the development of cryptocurrency, and many similar incidents occurred afterwards, such as the theft of coins from Bitfinex and a domestic altcoin exchange. These incidents weakened people's trust in Bitcoin and exchanges, and raised questions about the decentralized concept of blockchain.

We cannot completely prevent crypto security incidents, but improving relevant regulatory systems is the key to promoting the healthy development of the crypto market.