Security matters in Crypto! BTCMEX tells the story of the biggest Bitcoin hack on Mt. Gox exchange.
Throwback Thursday by BTCMEX
It all began in 2006, when a programmer Jed McCaleb, now involved in Stellar and Ripple, built a website for exchanging “Magic: The Gathering” gaming cards like stocks online. The name Mt. Gox stands for Magic The Gathering Online Exchange.
In 2010, after McCaleb found out about Bitcoin he redesigned the site into a cryptocurrency exchange that allowed users to trade Bitcoin against fiat currencies. But he was not the first one. Read about the first Bitcoin exchange on BTCMEX. Mt. Gox became the biggest exchange in the world, handling 70% of all cryptocurrency transactions at that time.
What happened to it? Read the full story on BTCMEX.
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Please, note, that the article is a part of BTCMEX Blog, the views and opinions expressed here are the contributing author’s only, and do not necessarily represent the views of the company.
Julia Bulakh for BTCMEX
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