Mt. Gox Five Years Later: What Have We Learned
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February 24 marked the fifth anniversary of the now infamous Mt. Gox exchange hack. Five years later, we are reminded that keeping #crypto secure is still a major issue. Especially as the industry matures and continues to be embraced by mainstream financial institutions.Mt. Gox saw 850,000 bitcoins vanish, an amount valued at more than $450 million at the time. As troubling as that number is, a scarier statistic is that to date there has been billions stolen from various exchanges across the globe. Last year alone there was $850 million stolen from exchanges, including one incident where over half a billion dollars worth of crypto was stolen from an exchange. These hacks have occurred so often that the stories have now become commonplace in crypto news.Five years later, there are some (...)