The Story of the Mt. Gox Exchange Hack.

Mt. Gox: The OG crypto disaster.

The exchange that went from king of Bitcoin.

To the biggest wreck in crypto history.

Imagine…
70% of the world’s BTC trades in one place.
People thought Mt. Gox was untouchable.

(Spoiler: it wasn’t.)

But behind the scenes…

Poor security. Weak internal controls.
A single developer running much of the show.

Basically, Mt. Gox was a ticking time bomb. 💣

Then the bomb drops.💥

In 2014, hackers stole 850,000 BTC (worth ~$450M at the time)
That’s about $90 BILLION today.

Mt. Gox locks users out.
Panic. Rage. Chaos.

Mt. Gox = DONE.


Now the not me, not me game began.
Mt. Gox files for bankruptcy.
The BTC price tanks (from $800-$900 to $400-$500)
People lose everything.

Trust in crypto? Shattered.
This was crypto’s first heartbreak.


CEO, Mark Karpelès?
Arrested.
No proof he stole the BTC.
But caught faking records.

Fast-forward to today:
A little BTC was recovered.
Most are gone forever.

Victims? Still fighting for compensation.


Mt. Gox taught us:
If you don’t control your crypto, someone else will lose it for you.

Exchanges can fail.
Self-custody is king.

Do you think Mt. Gox could happen again?
How do we truly protect users in crypto?