📉 Mt. Gox: A Crypto Tragedy with a Plot Twist
Once the king of Bitcoin exchanges, Mt. Gox handled 70% of the world’s BTC… until it imploded in 2014.
11 years later — we finally have closure.
Or... do we?
💸 Customers are getting paid back.
👏 Sounds like a good idea, right?
Except… many got fiat.
📅 At 2014 prices.
💀 That’s ~$600 per $BTC .
Not $10K.
Not $77K.
Not even a decent altcoin pump.
😭 For some, it’s a payout.
💉 For others? Just salt in the wound.
But wait… plot twist! 🔄
According to researcher Yasha Harari:
“Most claimants had choices. Some took fiat early, others waited for BTC + fiat. Some sold their claims at a discount. Many ended up getting ~20x the original value.”
📊 So no, it wasn’t a total rug — just a painfully slow, bureaucratic, tax-optimized rug with options. 🙃
📢 Moral of the story?
Not your keys, not your coins.
CeFi is cute until it collapses.
And yes, holding through a decade of chaos might eventually pay off… if you survive the paperwork.
Who here survived Mt. Gox?
Tell us how it scarred you emotionally or financially. 💬👇
