$460M MtGox Hack

    Mt Gox Hack

    One of the 12 largest DeFi, Crypto hacks. My summary here: https://crypto.security/crypto-blockchain-security/mtgox-hack/

    At the beginning of 2014, Mt Gox, a bitcoin exchange based in Japan, was the largest bitcoin exchange in the world, handling over 70% of all bitcoin transactions worldwide. On 7 February 2014, Mt. Gox stopped all bitcoin withdrawals, claiming that it was merely pausing withdrawal requests “to obtain a clear technical view of the currency process.”After a number of weeks of uncertainty, on 24 February 2014, the exchange suspended all trading and the website went offline. That same week, a leaked corporate document claimed that hackers had raided that Mt. Gox exchange and stole 744,408 bitcoins belonging to Mt. Gox customers, as well as an additional 100,000  bitcoins belonging to the company, resulting in the exchange being declared to be insolvent.