Background Information: 14 years ago, the Mt. Gox exchange experienced a Bitcoin price crash, during which the price of Bitcoin fell to as low as $0.01. This event occurred in June 2011, and Mt. Gox was the main platform for Bitcoin trading at the time, with nearly all Bitcoin trading volume taking place there.
Main Event: A hacker named 'georgeclooney' exploited a leaked user account database to crack a large number of account passwords and quickly sold off a significant amount of Bitcoin, causing a sharp decline in Bitcoin prices. This attack resulted in approximately 2,000 Bitcoins (worth less than $30,000 at the time) being stolen. The Mt. Gox exchange subsequently implemented measures to roll back the trading engine and limited withdrawal amounts, ultimately controlling losses within a certain range.
Impact of the Event: Although this incident was not large in scale, it received considerable attention due to its dramatic nature and its impact on the Bitcoin price discovery mechanism at the time. It also reflected the vulnerability of early cryptocurrency exchange security. Afterward, Bitcoin prices gradually stabilized, and the scenario of 'Bitcoin going to zero' no longer existed.
Special Note: The SoSoValue mentioned in the text did not appear.