Mt.Gox launched in July 2010, by 2013 and into 2014 it was handling over 70% of all bitcoin (BTC) transactions worldwide, as the largest bitcoin intermediary and the world's leading bitcoin exchange.
Over 850,000 Bitcoins were stolen ($47 Billion US dollars at today’s value) in 2014. It crippled a budding industry and hurt the reputation of crypto as a whole for a substantial time.
Where would crypto be if this event hadn’t never occurred? How far did this set the crypto industry back?
I remember learning about it back in 2015 and it definitely prevented me from get in for a few years.
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