In 2014, Mt. Gox — the biggest Bitcoin exchange in the world — collapsed overnight. Traders logged in to find their balances gone, as the company admitted a jaw-dropping 850,000 bitcoins had disappeared. Back then, the loss was worth $450 million. But at today’s price of $114,000 per coin, those missing BTC add up to a mind-bending $100 billion.
The theft didn’t happen in one dramatic hack. For years, coins were quietly drained from Mt. Gox wallets while customers kept trading as if nothing was wrong. It was a slow bleed that no one at the top seemed to notice — until the entire exchange crumbled in chaos.
Investigators followed the digital trail and found huge amounts of the stolen Bitcoin flowing into wallets tied to Alexander Vinnik, a Russian national. He ran the shadowy BTC-e exchange, which became the laundromat for billions in dirty crypto. Authorities say Vinnik was at the heart of the laundering machine that cleaned up the Mt. Gox fortune.
His arrest in 2017 turned into an international tug-of-war, with the U.S., France, and Russia all fighting to put him on trial. While creditors are only now seeing scraps of repayment, the fallout from Mt. Gox still haunts the crypto world more than a decade later.
The recent 4-hour Candlestick shows that the price has significantly fallen compared to 2025-08-27 16:00:00, rebounded slightly from 2025-08-26 12:00:00, and declined compared to 2025-08-27 00:00:00. The long positions engulfed, and the last Candlestick is a Bullish line, with the Closing Price greater than the Opening Price. The current changes in price and volume: the recent trading volume has decreased, with volume down compared to the previous hours, price rising, and volume declining: the pump momentum is weakening. Some current technical indicators are as follows: Based on MACD analysis, the current market trend is: no obvious trend, MACD histogram: the histogram remains positive and is gradually shortening: the strength of bullish traders is weakening. KDJ indicator: no KDJ golden cross and death cross, based on KDJ judgment: Overbought, KDJ value is: 86, oscillating, falling trend, volume-price divergence. Based on recent technical indicators, the analysis indicates: Buy point 1: price 0.21 buy.
Bitcoin wallets are accumulating at the fastest pace since April of this year, a signal that often precedes growth.
➡️Caution: this pattern confirms the bullish trend but doesn’t guarantee immediate upside. After peak accumulation, corrections or sideways movement are also common. #BTCWhalesMoveToETH
🤑 11 years ago, we lost Hal Finney — one of the true pioneers of crypto.
He was the first-ever BTC user, launched a node, and received the very first 10 BTC transaction from Satoshi Nakamoto (some even believe he was Satoshi).
Hal passed away on August 28, 2014, and chose to have his body cryonically preserved. Long before Bitcoin, he was already giving lectures on cryptography and laying down the foundations of the ideas that would later change the world.
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