The First Major Crypto Disaster 🏴☠️Largest bitcoin Exchange Mt. Gox Hack (2014)!!!!!
🔹 What Happened?
In 2014, Mt. Gox, the largest Bitcoin exchange at the time, was hacked, leading to the theft of 850,000 BTC—worth $450 million back then. Today, that’s worth over $20 billion!
🔹 The Fallout
The hack led to the collapse of Mt. Gox, with thousands of investors losing their funds. It exposed the vulnerabilities in crypto exchanges and highlighted the need for better security.
🔹 Lessons Learned
This incident taught the crypto world the importance of cold storage wallets and robust security protocols to protect digital assets.
💬 Do you think crypto exchanges have become safer since then? Let’s discuss below! 👇
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