💱 The rise and fall of one of the first bitcoin exchanges The Mt.Gox exchange launched cryptocurrency trading in 2011 and worked until the beginning of 2014, until it was hacked, stealing user funds. Mt.Gox was the largest cryptocurrency exchange, which is why its collapse hit the cryptocurrency market and the credibility of cryptocurrencies in general so hard. In 2014, during a hacker attack, 650,000 bitcoins were stolen from the balance of Mt.Gox, after which the work of the exchange was suspended, and then the management of the exchange filed for liquidation due to the inability to continue to fulfill its obligations. Thus ended the history of the largest bitcoin exchange that existed in the early years of the cryptocurrency market. #bitcoin #btc #cryptocurrency #crypto
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