Mt. Gox Collapse: How 850,000 Bitcoin Vanished and Changed Crypto Forever

TLDR: Mt. Gox once handled 70–80% of all Bitcoin trades globally before its catastrophic 2014 collapse. A total of 850,000 Bitcoin vanished from Mt. Gox, worth over $60 billion at today’s market price. Mark Karpelès was convicted only for falsifying records, not theft, and served no prison time at all. Creditors repaid in 2024 received [...]

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