Mt. Gox Hack — Price Crashes to $0.01

2011-06-19Culture & Community

Mt. Gox suffers a major security breach. An attacker compromises an auditor's account and uses it to crash the Bitcoin price to $0.01 on the exchange, executing thousands of buy orders at a penny. Trading is halted and rolled back. The first major exchange security incident.

Wikipedia: Mt. Gox

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