Mt Gox bitcoin exchange hack from "summary" of Digital Gold by Nathaniel Popper
In 2014, the world of Bitcoin was rocked by a catastrophic event that would go down in history as one of the biggest hacks in the cryptocurrency world. Mt. Gox, a popular Bitcoin exchange based in Tokyo, suddenly shut down and filed for bankruptcy. The reason? A massive theft of Bitcoins that had been taking place for years right under their noses. The hack at Mt. Gox was not a simple smash-and-grab operation. It was a sophisticated scheme that involved infiltrating the exchange's systems and siphoning off Bitcoins from unsuspecting users. The hackers exploited a vulnerability in Mt. Gox's code that allowed them to create fake transactions and manipulate the exchange's balance sheet. As a result, they were able to steal hundreds of thousands of Bitcoins without anyone noticing. The impact of the Mt. Gox hack was devastating. ...
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