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Friday the 13th: The 4 biggest nightmares in crypto history, and the lesson each one left behind 👻Today is a day to remember the crypto market's horror stories. They really happened, cost billions, and still have a lot to teach us.
1. Mt. Gox (2014): the original nightmare
Mt. Gox was the world's largest Bitcoin exchange. In February 2014, it suspended withdrawals and filed for bankruptcy. About 850,000 BTC had gone missing. Creditors waited 10 years: repayments only began in 2024.
🔑 Lesson: "Not your keys, not your coins." If you don't hold the private key, you don't have control either.
Friday the 13th: The 4 biggest nightmares in crypto history, and the lesson each one left behind 👻
Today is a day to remember the crypto market's horror stories. They really happened, cost billions, and still have a lot to teach us.
1. Mt. Gox (2014): the original nightmare
Mt. Gox was the world's largest Bitcoin exchange. In February 2014, it suspended withdrawals and filed for bankruptcy. About 850,000 BTC had gone missing. Creditors waited 10 years: repayments only began in 2024.
🔑 Lesson: "Not your keys, not your coins." If you don't hold the private key, you don't have control either.
1. Mt. Gox (2014): the original nightmare
Mt. Gox was the world's largest Bitcoin exchange. In February 2014, it suspended withdrawals and filed for bankruptcy. About 850,000 BTC had gone missing. Creditors waited 10 years: repayments only began in 2024.
🔑 Lesson: "Not your keys, not your coins." If you don't hold the private key, you don't have control either.
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