The Mt. Gox Legacy: From Boom to Bust
Mt. Gox, once the largest Bitcoin exchange globally, encountered a seismic shift in 2011 when it fell victim to a devastating hack. Over 850,000 BTC were reported stolen, catapulting Mt. Gox into bankruptcy proceedings by 2014. In the years since, the exchange has been entangled in legal battles, with its remaining Bitcoin holdings—referred to as a “Bitcoin hoard”—awaiting distribution among creditors.·
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