10th anniversary of Mt. Gox’s downfall
On this day in 2013, the exchange ceased operations due to a hack, making it the biggest catastrophe in the crypto world at that time.
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From 2010 to 2014, Mt. Gox was responsible for up to 80% of all bitcoin transactions. However, during its final year, the exchange faced multiple security problems.
In February 2014, the company lost between 650,000 to 850,000 bitcoins belonging to its customers and went bankrupt.
Who knows, maybe Mt. Gox's downfall not only shook the crypto space but also left a lasting impact on young Sam Bankman-Fried's psyche.
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