Mt. Gox

Mt. Gox

Mt. Gox was a Tokyo-based Bitcoin exchange launched in 2010 by programmer Jed McCaleb and later sold to Mark Karpelès. At its peak, Mt. Gox handled approximately 70% of all Bitcoin transactions worldwide, making it the largest cryptocurrency exchange of its time. The company gained notoriety in February 2014, when it halted trading, closed its website, and filed for bankruptcy protection, announcing the loss of over 850,000 bitcoins—valued at hundreds of millions of dollars—citing hacking and security breaches.

The incident led to extensive media coverage and investigations, with many users losing significant funds. In the aftermath, lawsuits and legal proceedings were launched against the company and its CEO, Mark Karpelès, who was arrested and tried in Japan. The Mt. Gox collapse significantly impacted the perception and regulation of cryptocurrencies globally.

Official website: https://www.mtgox.com
Twitter: https://twitter.com/MtGox