The Grand Heist of Mt. Gox
DID YOU KNOW: The largest Bitcoin exchange in its time, Mt. Gox, collapsed in 2014 after losing 850,000 #bitcoin 📉 to a hack? 💔 This catastrophic event, heavily debated on Reddit and other forums, sent shockwaves through the nascent crypto market, causing prices to plummet and leaving countless investors devastated.
😢 It served as a painful, yet crucial, lesson in exchange security and the need for self-custody. 🛡️ A true crypto cautionary tale!
The crypto equivalent of that friend who 'borrowed' your money and vanished. It was a tough lesson, but it certainly taught the early crypto adopters how to spell "cold storage" very, very quickly. We've come a long way, but the ghost of Gox still whispers, "Not your keys, not your cheese!"