The Cryptocurrency Exchange's Great Theft: Mt. Gox's Scandal
In the dark alleys of the digital world, 2014 witnessed a theft so grand, it would've made history's most notorious bandits bow in awe. Picture this: 850,000 bitcoins, the digital gold of the 21st century, disappeared into thin air. No masked robbers, no dramatic heists, just a few lines of code and poof! Billions worth of currency gone. Makes you wonder if the digital age has simply made grand larcenies more... efficient? Rewind a few years. Tokyo, 2010. Mt. Gox, the dazzling poster child of the cryptocurrency revolution which means Magic: The Gathering Online eXchange, it pivoted to something far more lucrative, becoming the cornerstone for a new age of digital currency. Born from the brainchild of Jed McCaleb and later adopted by Mark Karpeles, it became the trusted guardian of nearly 70% of all Bitcoin transactions by 2013.
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