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Mt. Gox

Once the world's largest Bitcoin exchange, Mt. Gox collapsed in 2014 following a hack in which roughly 850,000 bitcoins were stolen, making it a well-known security incident in cryptocurrency history.

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Oct 30

Historical events such as Mt. Gox and FTX repeatedly confirm that a single point of failure at a centralized exchange can cause user assets to vanish in an instant.

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Oct 30

The largest previous hacking incidents in the cryptocurrency space include Mt. Gox (about 850,000 bitcoins stolen) and Coincheck (about $530 million).

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