The biggest exchange hacks in Cryptocurrency history — Part1: Mt. Gox

The birth of Mt. Gox

CEO Mark Karpeles (source)

Emerging problems

logarithmic scaled bitcoin price history in USD on the Mt. Gox exchange from February 2012 until its shutdown in February 2014 (source: Wikipedia)

The hack

The future

WSJ headline after Mt Gox recovered more bitcoins (source)

Key details:

  • Mt. Gox was a cryptocurrency exchange operating between 2010 and 2014.
  • Mt. Gox, at its peak, accounted for over 70% of all bitcoin transactions.
  • In 2014, Mt. Gox was hacked and had to declare bankruptcy.
  • As of 2020, there were ongoing lawsuits involving Mt. Gox, attempts to track down those responsible for the hack, and even proposals to revive the exchange.

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