๐๐ฉ ๐๐ค๐ญ ๐๐๐ก๐ฉ๐๐ค๐ฌ๐ฃ ๐๐๐ $450 ๐๐๐ก๐ก๐๐ค๐ฃ ๐ฝ๐๐ฉ๐๐ค๐๐ฃ ๐๐๐๐จ๐ฉ ๐ฅ
Mt. Gox, once the largest Bitcoin exchange in the world, was a cornerstone of early cryptocurrency trading. Founded in 2010, it handled over 70% of global Bitcoin transactions at its peak. However, in February 2014, Mt. Gox abruptly went offline, and it soon became clear that something catastrophic had occurred.
The exchange revealed that hackers had stolen 850,000 Bitcoinโworth approximately $450 million at the timeโalong with user funds. As the news broke, investors and traders scrambled, unable to access their Bitcoin or withdraw their funds. The company filed for bankruptcy, and its CEO, Mark Karpeles, faced serious legal troubles.
Despite the dramatic collapse, some of the stolen Bitcoin was eventually recovered, but much of it remains missing. The Mt. Gox scandal is one of the most infamous events in Bitcoinโs history, marking a massive setback for the crypto world and highlighting the risks of trading on centralized platforms without adequate security. It also served as a harsh reminder that even in the world of decentralized currencies, exchanges and wallets still need to be protected from malicious actors.
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