💣 Mt. Gox Hack – One of Crypto’s Biggest Thefts
Country: Japan | Year: 2014
Mt. Gox was once the world’s largest Bitcoin exchange, handling over 70% of global Bitcoin trades.
But in 2014, a shocking truth came out:
🔴 850,000 Bitcoins were stolen — worth around $450 million at that time (now worth billions).
Hackers exploited a security flaw over several years.
The exchange shut down, the CEO was arrested, and thousands of users lost their funds.
Bitcoin’s price crashed.
It shook trust in crypto exchanges.
Led to better security practices.
Taught the community:
“Not your keys, not your coins.”