The Mt. Gox Meltdown That Nearly Killed Bitcoin! 💥😭🏦Back in 2014, Mt. Gox was the place to trade Bitcoin—like Binance but shadier. 😎 It handled 70% of all BTC trades, but then—POOF! 💨 The exchange got hacked, losing 850,000 BTC (worth $450 million then, and $60 BILLION today)! 😱💰 Hackers, bad management, or an inside job? Nobody knows, but the crypto world was shook! 😵 Binance Square’s ancestors (Reddit, Bitcointalk) were flooded with posts like “BTC IS DEAD!” and memes of traders crying into their keyboards. 😢⌨️ Bitcoin’s price tanked from $1,000 to $200, and everyone thought crypto was toast. 🍞🔥But here’s the wild part: Bitcoin survived! 💪 The community rallied, new exchanges popped up, and Mt. Gox’s victims are still getting paid back in 2025 (talk about a long wait)! ⏳ This saga taught us to never keep coins on exchanges—use a hardware wallet, fam! 🔐 Interactive Fun: If you were a Mt. Gox trader, would you still HODL or rage-quit crypto? Share your hot take on Binance Square with #MtGoxMadness and let’s relive the chaos! 💬🙌
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