Mt. gox The so-called exchange was founded in 2006 by Jed McCaleb. When it was first founded, this platform, which was given the name “Magic: The Gathering Online Exchange”, quickly became the center of Bitcoin trading.
When it was acquired by Mark Karpeles in 2011, it was sold worldwide. More than 70% of Bitcoin trading he held. This rapid growth, Mt. Gox has become an indispensable part of the cryptocurrency world.
Actually, Mt. Gox’s problems started to surface in 2011.
In those years approximately as a result of the cyber attack on the stock market 25,000 Bitcoins were stolen.
In fact, this event took place on Mt. Gox’s about security issues It was the first major warning.
However, the stock market did not survive this attack. managed to get through and continued his activities where he left off.
The problems wouldn’t end there. This time, in 2013, Mt. Gox users Delays in recordings began to live.
Although this situation is a concern among investors, no one a great disaster is approaching He couldn’t guess.
2014 included both Mt. Gox and would be a turning point for both the cryptocurrency world.
In 2014, Mt. Gox, ca. 850,000 Bitcoins He announced that he was lost.
At the time, this amounted to approximately $450 million. At today’s price, that’s about 57 billion dollars!
The saddest thing is that the situation in question of a security problem that has existed for years. It came through.
You can guess that this is happening in the cryptocurrency world. a big shock made.
In the wake of this scandal, Mt. Gox filed for bankruptcy and The stock market was closed.
Mt. With the collapse of the Gox exchange, many investors have left faced with huge losses And during those years, serious doubts arose about the future of Bitcoin, which was not yet as accepted as it is now.
In summary: Mt. Gox scandal How crucial is security? It was understood again and this scandal led to important lessons being learned in the cryptocurrency world.
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Source: Web Tekno
Jason Root is a blockchain enthusiast and author at Div Bracket. He provides comprehensive coverage of the latest developments in the world of blockchain, offering readers a unique perspective on the industry and its potential for revolutionizing various industries.
