BITCOIN’S BIGGEST HEIST WAS OF 800,000 BITCOINS
bitcoin mtgox heist
Mt. Gox was the world’s largest bitcoin exchange when the biggest bitcoin heist in history took place. Allegedly, a hacker stole roughly 800,000 bitcoins from the exchange, the equivalent of $400,000 at the time, enough to bring the exchange to it’s knees, forcing it to declare bankruptcy. Today, the same 800,000 bitcoins would be worth over $880 million.
Mt. Gox’s CEO, Mark Karpeles, had a reaction to the high-profile heist that seemed, to some, incredibly calm and vague:
We had weaknesses in our system, and our bitcoins vanished. We’ve caused trouble and inconvenience to many people, and I feel deeply sorry for what has happened.”
The investigation led by law enforcement panned out due to the lack of evidence, but Mark Karpeles, was charged with embezzlement.
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