The Mt. Gox Meltdown: How the World's Largest Bitcoin Exchange Lost 850,000 BTC and Shook the Crypto World.
In 2014, Mt. Gox, which handled over 70% of all global Bitcoin transactions, collapsed after losing 850,000 Bitcoins—then worth $450 million. The exchange cited a massive security breach, leaving thousands of investors devastated. This event marked one of the most significant failures in cryptocurrency history, revealing the vulnerabilities and lack of regulation in the rapidly growing crypto market.