Mt. Gox hacked, losing over $450 million worth of Bitcoin

Summary # Between 2011 and 2014, Mt. Gox, once the largest Bitcoin exchange, experienced a series of attacks that ultimately led to its downfall. A combination of transaction malleability attacks, poor security practices, and mismanagement resulted in the loss of approximately 850,000 BTC, valued at over $450 million at the time. As a consequence, Mt. Gox filed for bankruptcy, and its CEO, Mark Karpeles, faced legal action. Attackers # The attacker behind the Mt. ...