Mt. Gox Halts Trade Over Major Hack - Revision history

Azoundria at 21:42, 13 September 2024

2024-09-13T21:42:01Z

← Older revision		Revision as of 15:42, 13 September 2024
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	[[File:Mtgox.jpg\|thumb\|Mt. Gox Logo, Homepages, CEO Mark Karpeles]]Mt. Gox was the largest exchange in 2013, handling over 80% of bitcoin purchase. It featured a lack of secure storage for funds, a CEO who had his focus elsewhere, and hacks which went undetected for months. There is still an ongoing bankruptcy. Luckily, at least one of the cold wallets escaped capture and can be used for disbursement. While victims have massive losses in bitcoin terms, due to the time that has passed they will most likely have minimal losses in fiat terms.		[[File:Mtgox.jpg\|thumb\|Mt. Gox Logo, Homepages, CEO Mark Karpeles]]Mt. Gox was the largest exchange in 2013, handling over 80% of bitcoin purchase. It featured a lack of secure storage for funds, a CEO who had his focus elsewhere, and hacks which went undetected for months. There is still an ongoing bankruptcy. Luckily, at least one of the cold wallets escaped capture and can be used for disbursement. While victims have massive losses in bitcoin terms, due to the time that has passed they will most likely have minimal losses in fiat terms.

	This exchange or platform is based in Japan, or the incident targeted people primarily in Japan.<ref name="fintechnews-164" /><ref name="cointelegraph-197" /><ref name="coinsutra-202" /><ref name="darknetdiaries-1157" /><ref name="coindesk-4125" /><ref name="wallstreetjournal-4129" /><ref name="japantimes-4130" /><ref name="slashdotyro-7523" /><ref name="ceodotca-7527" /><ref name="bitcointalk-4667" />		This exchange or platform is based in Japan, or the incident targeted people primarily in Japan.<ref name="fintechnews-164" /><ref name="cointelegraph-197" /><ref name="coinsutra-202" /><ref name="darknetdiaries-1157" /><ref name="coindesk-4125" /><ref name="wallstreetjournal-4129" /><ref name="japantimes-4130" /><ref name="slashdotyro-7523" /><ref name="ceodotca-7527" /><ref name="bitcointalk-4667" /><ref>https://forkast.news/ftx-failure-wake-up-call-security-mt-gox-karpeles/ (Accessed Aug 9, 2024)</ref><ref>https://www.engadget.com/2014-03-09-bitcoin-mark-karpeles-mt-gox-blog-hack-database.html?guccounter=1</ref><ref>https://www.businessinsider.com/crypto-mt-gox-founder-mark-karpeles-reddit-ama-2018-4</ref><ref>https://forkast.news/mt-gox-may-bitcoin-mark-karpeles-ungoxed-nft/</ref><ref>https://www.theverge.com/2013/4/1/4154500/mt-gox-barons-of-bitcoin</ref><ref>https://en.wikipedia.org/wiki/Mark_Karpel%C3%A8s</ref>

	== About Mt. Gox ==		== About Mt. Gox ==

Azoundria: Another 30 minutes complete. Clean up loose ends on article. Summary descriptions for many sections. Transaction malleability research incorporated.

2024-02-07T20:22:35Z

Another 30 minutes complete. Clean up loose ends on article. Summary descriptions for many sections. Transaction malleability research incorporated.

Show changes

Azoundria: Another 30 minutes. Integrated the deadline extension post. Reviewing online timeline report and integrated information on the WizSec report.

2024-01-31T20:22:15Z

Another 30 minutes. Integrated the deadline extension post. Reviewing online timeline report and integrated information on the WizSec report.

← Older revision		Revision as of 14:22, 31 January 2024
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	{{Case Study Under Construction}}{{Unattributed Sources}}		{{Case Study Under Construction}}{{Unattributed Sources}}

	[[File:Mtgox.jpg\|thumb\|Mt. Gox]]The most famous incident that everyone has heard of. Lack of secure storage for funds, a CEO who had his focus elsewhere, and the hacks apparently went undetected for months. There is still an ongoing bankruptcy. Luckily, at least one of the cold wallets escaped capture and can be used for disbursement. While victims have massive losses in bitcoin terms, due to the time that has passed they will most likely have minimal losses in fiat terms.		[[File:Mtgox.jpg\|thumb\|Mt. Gox Logo, Homepages, CEO Mark Karpeles]]The most famous incident that everyone has heard of. Lack of secure storage for funds, a CEO who had his focus elsewhere, and the hacks apparently went undetected for months. There is still an ongoing bankruptcy. Luckily, at least one of the cold wallets escaped capture and can be used for disbursement. While victims have massive losses in bitcoin terms, due to the time that has passed they will most likely have minimal losses in fiat terms.

	This exchange or platform is based in Japan, or the incident targeted people primarily in Japan.<ref name="fintechnews-164" /><ref name="cointelegraph-197" /><ref name="coinsutra-202" /><ref name="darknetdiaries-1157" /><ref name="coindesk-4125" /><ref name="wallstreetjournal-4129" /><ref name="japantimes-4130" /><ref name="slashdotyro-7523" /><ref name="ceodotca-7527" /><ref name="bitcointalk-4667~~" /><ref name="youtube-8527~~" />		This exchange or platform is based in Japan, or the incident targeted people primarily in Japan.<ref name="fintechnews-164" /><ref name="cointelegraph-197" /><ref name="coinsutra-202" /><ref name="darknetdiaries-1157" /><ref name="coindesk-4125" /><ref name="wallstreetjournal-4129" /><ref name="japantimes-4130" /><ref name="slashdotyro-7523" /><ref name="ceodotca-7527" /><ref name="bitcointalk-4667" />

	== About Mt. Gox ==		== About Mt. Gox ==
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	\|Alexander Vinnik Arrested		\|Alexander Vinnik Arrested
	\|US authorities traced the bulk of the theft to a Russian named Alexander Vinnik, who is subsequently arrested in Greece.		\|US authorities traced the bulk of the theft to a Russian named Alexander Vinnik, who is subsequently arrested in Greece.
			\|-
			\|July 26th, 2017 11:56:05 AM MDT
			\|WizSec Post About Alexander Vinnik
			\|WizSec reports that the 2017 investigation into the MtGox case revealed that a Russian national, Alexander Vinnik, was a chief suspect involved in the MtGox theft or laundering of its proceeds. Vinnik was arrested in Greece, accused of running a large-scale money laundering operation with over $4 billion USD trafficked through Bitcoin since 2011. The theft involved the stealing of MtGox's hot wallet private keys in September 2011, leading to the compromise of about 630,000 BTC. The hacker regularly transferred stolen coins to wallets controlled by Vinnik, who later moved them to platforms like BTC-e for sale or laundering. The investigation linked Vinnik to other stolen coins from Bitcoinica, Bitfloor, and other thefts. Vinnik, known by the online identity "WME," played a crucial role as a money launderer in the MtGox case, and his arrest was considered a major breakthrough in the investigation. Further disclosures were expected as the investigation progressed<ref>[https://blog.wizsec.jp/2017/07/breaking-open-mtgox-1.html Breaking open the MtGox case, part 1 - WizSec] (Jan 31, 2024)</ref><ref>[https://web.archive.org/web/20170726175605/https://blog.wizsec.jp/2017/07/breaking-open-mtgox-1.html Breaking open the MtGox case, part 1 - WizSec Archive July 26th, 2017 11:56:05 AM MDT] (Jan 31, 2024)</ref>.
	\|-		\|-
	\|November 9th, 2018 1:00:52 PM MST		\|November 9th, 2018 1:00:52 PM MST
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	\|July 11th, 2022 4:30:18 PM MDT		\|July 11th, 2022 4:30:18 PM MDT
	\|Andrei Jikh Video		\|Andrei Jikh Video
	\|Andrei Jikh releases a video about "arguably one of biggest events in all of bitcoin's history which is the release of Mt. Gox's bitcoins". The release of the Mt. Gox bitcoins is next month in August. 137,890 bitcoin (worth 3 billion dollars are about to flood the market<ref name="youtube-8527" />.		\|Andrei Jikh releases a video about "arguably one of biggest events in all of bitcoin's history which is the release of Mt. Gox's bitcoins". The release of the Mt. Gox bitcoins is next month in August. 137,890 bitcoin (worth 3 billion dollars) are about to flood the market<ref name="youtube-8527" />.
			\|-
			\|March 9th, 2023 2:05:09 AM MST
			\|BTC Repayment Deadline Moved
			\|Cryptocurrency news site CryptoSlate reports that Mt. Gox has extended the deadline for its BTC repayment registration process from March 10 to April 6<ref name=":1">[https://cryptoslate.com/mt-gox-pushes-deadline-for-btc-repayment-registration-to-april/ Mt. Gox pushes deadline for BTC repayment registration to April - CryptoSlate] (Jan 31, 2024)</ref>. The extension was approved by the court, considering various circumstances related to the progress of rehabilitation creditors in the Selection and Registration process. Mt. Gox trustee Nobuaki Kobayashi stated that creditors who don't complete their registration by April 6 won't be eligible for repayments. Additionally, the base repayment period has been extended from September 30 to October 31. The registration portal allows affected users to register information and choose a repayment method, including lump-sum payment, bank remittance, crypto payment, or fund transfer service provider<ref name=":1">[https://cryptoslate.com/mt-gox-pushes-deadline-for-btc-repayment-registration-to-april/ Mt. Gox pushes deadline for BTC repayment registration to April - CryptoSlate] (Jan 31, 2024)</ref>.
			\|-
			\|March 10th, 2023 1:34:11 AM MST
			\|Discussions About Deadline Being Moved
			\|In discussions on Reddit about the repayment extension, concerns are expressed regarding delays and skepticism about creditors receiving their funds<ref name=":2">[https://old.reddit.com/r/CryptoCurrency/comments/11njfci/deleted_by_user/ Mt. Gox pushes deadline for BTC repayment registration to April - Reddit] (Jan 31, 2024)</ref>. Some participants express doubt that victims will receive anything soon due to bureaucratic hurdles, while others see the forced holding of BTC as a positive, creating potentially strong long-term holders. A creditor who chose the Bitstamp option reassures against worries of a sell-off and emphasizes the plan to hold BTC while liquidating BCH and Yen. There's speculation about the fate of BCH, and questions arise about the possibility of further deadline extensions. The overall sentiment is a mix of skepticism, forced holding optimism, and uncertainty about the impact on the crypto market<ref name=":2">[https://old.reddit.com/r/CryptoCurrency/comments/11njfci/deleted_by_user/ Mt. Gox pushes deadline for BTC repayment registration to April - Reddit] (Jan 31, 2024)</ref>.
	\|}		\|}

Azoundria: COMPLETE Another 30 minutes. All sources sorted through. Lists moved to ultimate outcome, down to 12 sources left to be integrated. Andrei Jikh video and CryptoPotato article integrated.

2024-01-26T18:03:03Z

COMPLETE Another 30 minutes. All sources sorted through. Lists moved to ultimate outcome, down to 12 sources left to be integrated. Andrei Jikh video and CryptoPotato article integrated.

Show changes

Azoundria: Another 30 minutes complete. About section spread around. Adding timeline. Added information on Karpeles conviction. Adding some sources on transaction malleability.

2024-01-04T17:39:17Z

Another 30 minutes complete. About section spread around. Adding timeline. Added information on Karpeles conviction. Adding some sources on transaction malleability.

Show changes

Azoundria at 23:55, 12 April 2023

2023-04-12T23:55:57Z

← Older revision		Revision as of 17:55, 12 April 2023
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	{{Imported Case Study\|source=https://www.quadrigainitiative.com/casestudy/mtgoxhaltstradeovermajorhack.php}}		{{Imported Case Study 2\|source=https://www.quadrigainitiative.com/casestudy/mtgoxhaltstradeovermajorhack.php}}
	{{Unattributed ~~Citations~~}}		{{Unattributed Sources}}

	[[File:Mtgox.jpg\|thumb\|Mt. Gox]]The most famous incident that everyone has heard of. Lack of secure storage for funds, a CEO who had his focus elsewhere, and the hacks apparently went undetected for months. There is still an ongoing bankruptcy. Luckily, at least one of the cold wallets escaped capture and can be used for disbursement. While victims have massive losses in bitcoin terms, due to the time that has passed they will most likely have minimal losses in fiat terms.		[[File:Mtgox.jpg\|thumb\|Mt. Gox]]The most famous incident that everyone has heard of. Lack of secure storage for funds, a CEO who had his focus elsewhere, and the hacks apparently went undetected for months. There is still an ongoing bankruptcy. Luckily, at least one of the cold wallets escaped capture and can be used for disbursement. While victims have massive losses in bitcoin terms, due to the time that has passed they will most likely have minimal losses in fiat terms.

	This exchange or platform is based in Japan, or the incident targeted people primarily in Japan.		This exchange or platform is based in Japan, or the incident targeted people primarily in Japan.<ref name="bitcoinmagazine-6" /><ref name="kylegibson-86" /><ref name="bitcointalklist-87" /><ref name="cryptopotato-161" /><ref name="fintechnews-164" /><ref name="cointelegraph-197" /><ref name="coinsutra-202" /><ref name="bitcoinexchangeguide-218" /><ref name="darknetdiaries-1157" /><ref name="slowmisthacked-1160" /><ref name="coindesk-4125" /><ref name="mtgoxarchive1-4126" /><ref name="mtgoxarchive2-4127" /><ref name="mtgoxarchive-4128" /><ref name="wallstreetjournal-4129" /><ref name="japantimes-4130" /><ref name="slashdotyro-7523" /><ref name="ceodotca-7527" /><ref name="bitcointalk-4667" /><ref name="youtube-8527" />
	<ref name="bitcoinmagazine-6" /><ref name="kylegibson-86" /><ref name="bitcointalklist-87" /><ref name="cryptopotato-161" /><ref name="fintechnews-164" /><ref name="cointelegraph-197" /><ref name="coinsutra-202" /><ref name="bitcoinexchangeguide-218" /><ref name="darknetdiaries-1157" /><ref name="slowmisthacked-1160" /><ref name="coindesk-4125" /><ref name="mtgoxarchive1-4126" /><ref name="mtgoxarchive2-4127" /><ref name="mtgoxarchive-4128" /><ref name="wallstreetjournal-4129" /><ref name="japantimes-4130" /><ref name="slashdotyro-7523" /><ref name="ceodotca-7527" /><ref name="bitcointalk-4667" /><ref name="youtube-8527" />

	== About Mt. Gox ==		== About Mt. Gox ==
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	!Description		!Description
	\|-		\|-
	\|February 1st, 2014 12:00:27 AM		\|February 1st, 2014 12:00:27 AM MST
	\|Main Event		\|Main Event
	\|Expand this into a brief description of what happened and the impact. If multiple lines are necessary, add them here.		\|Expand this into a brief description of what happened and the impact. If multiple lines are necessary, add them here.
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	== Ongoing Developments ==		== Ongoing Developments ==
	What parts of this case are still remaining to be concluded?		What parts of this case are still remaining to be concluded?
			== General Prevention Policies ==
			Mt. Gox could have been avoided through smaller hot wallets. Using a multi-sig for cold fund storage and having accountability to ensure all funds are fully backed would also have significantly reduced the damage.
			== Individual Prevention Policies ==
			{{Prevention:Individuals:Placeholder}}

			{{Prevention:Individuals:End}}

	== Prevention Policies ==		== Platform Prevention Policies ==
	Mt. Gox could have been avoided through smaller hot wallets. Using a multi-sig for cold fund storage and having accountability to ensure all funds are fully backed would also have significantly reduced the damage.		{{Prevention:Platforms:Placeholder}}

			{{Prevention:Platforms:End}}

			== Regulatory Prevention Policies ==
			{{Prevention:Regulators:Placeholder}}

			{{Prevention:Regulators:End}}

	== References ==		== References ==
	<references><ref name="bitcoinmagazine-6">[https://bitcoinmagazine.com/articles/infographic-overview-compromised-bitcoin-exchange-events Infographic: An Overview of Compromised Bitcoin Exchange Events] (Jan 29, 2020)</ref>		<references><ref name="bitcoinmagazine-6">[https://bitcoinmagazine.com/articles/infographic-overview-compromised-bitcoin-exchange-events Infographic: An Overview of Compromised Bitcoin Exchange Events] (Jan 30, 2020)</ref>

	<ref name="kylegibson-86">[https://medium.com/@kylegibson/100-crypto-thefts-a-timeline-of-hacks-glitches-exit-scams-and-other-lost-cryptocurrency-873c87fd5522 100 Crypto Thefts: A Timeline of Hacks, Glitches, Exit Scams, and other Lost Cryptocurrency Incidents] (Jan 25, 2020)</ref>		<ref name="kylegibson-86">[https://medium.com/@kylegibson/100-crypto-thefts-a-timeline-of-hacks-glitches-exit-scams-and-other-lost-cryptocurrency-873c87fd5522 100 Crypto Thefts: A Timeline of Hacks, Glitches, Exit Scams, and other Lost Cryptocurrency Incidents] (Jan 25, 2020)</ref>
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	<ref name="bitcointalklist-87">[https://bitcointalk.org/index.php?topic=576337 List of Major Bitcoin Heists, Thefts, Hacks, Scams, and Losses] (Feb 15, 2020)</ref>		<ref name="bitcointalklist-87">[https://bitcointalk.org/index.php?topic=576337 List of Major Bitcoin Heists, Thefts, Hacks, Scams, and Losses] (Feb 15, 2020)</ref>

	<ref name="cryptopotato-161">[https://cryptopotato.com/lessons-learned-from-the-biggest-crypto-hacks-in-history/ Lessons Learned from the Biggest Crypto Hacks in History] (Feb 25, 2020)</ref>		<ref name="cryptopotato-161">[https://cryptopotato.com/lessons-learned-from-the-biggest-crypto-hacks-in-history/ Lessons Learned from the Biggest Crypto Hacks in History] (Feb 26, 2020)</ref>

	<ref name="fintechnews-164">[https://fintechnews.sg/23594/blockchain/cryptocurrency-hack-binance/ A Look Back on Some of the Most Devastating Crypto Hacks \| Fintech Singapore] (Feb 26, 2020)</ref>		<ref name="fintechnews-164">[https://fintechnews.sg/23594/blockchain/cryptocurrency-hack-binance/ A Look Back on Some of the Most Devastating Crypto Hacks \| Fintech Singapore] (Feb 27, 2020)</ref>

	<ref name="cointelegraph-197">[https://cointelegraph.com/news/crypto-exchange-hacks-in-review-proactive-steps-and-expert-advice Crypto Exchange Hacks in Review: Proactive Steps and Expert Advice] (Mar 1, 2020)</ref>		<ref name="cointelegraph-197">[https://cointelegraph.com/news/crypto-exchange-hacks-in-review-proactive-steps-and-expert-advice Crypto Exchange Hacks in Review: Proactive Steps and Expert Advice] (Mar 2, 2020)</ref>

	<ref name="coinsutra-202">[https://coinsutra.com/biggest-bitcoin-hacks/ Top 6 Biggest Bitcoin Hacks Ever] (Mar 1, 2020)</ref>		<ref name="coinsutra-202">[https://coinsutra.com/biggest-bitcoin-hacks/ Top 6 Biggest Bitcoin Hacks Ever] (Mar 2, 2020)</ref>

	<ref name="bitcoinexchangeguide-218">[https://bitcoinexchangeguide.com/bitcoin/scams-hacks/ Bitcoin Scams and Cryptocurrency Hacks List - BitcoinExchangeGuide.com] (Mar 5, 2020)</ref>		<ref name="bitcoinexchangeguide-218">[https://bitcoinexchangeguide.com/bitcoin/scams-hacks/ Bitcoin Scams and Cryptocurrency Hacks List - BitcoinExchangeGuide.com] (Mar 5, 2020)</ref>
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	<ref name="darknetdiaries-1157">[https://darknetdiaries.com/episode/9/ The Rise and Fall of Mt. Gox – Darknet Diaries] (Jun 25, 2021)</ref>		<ref name="darknetdiaries-1157">[https://darknetdiaries.com/episode/9/ The Rise and Fall of Mt. Gox – Darknet Diaries] (Jun 25, 2021)</ref>

	<ref name="slowmisthacked-1160">[https://hacked.slowmist.io/en/?c=Exchange SlowMist Hacked - SlowMist Zone] (Jun 25, 2021)</ref>		<ref name="slowmisthacked-1160">[https://hacked.slowmist.io/en/?c=Exchange SlowMist Hacked - SlowMist Zone] (Jun 26, 2021)</ref>

	<ref name="coindesk-4125">[https://www.coindesk.com/business/2021/10/06/mt-gox-civil-rehabilitation-voting-deadline-ends-friday/ Mt. Gox Civil Rehabilitation Voting Deadline Ends Friday] (Oct 9, 2021)</ref>		<ref name="coindesk-4125">[https://www.coindesk.com/business/2021/10/06/mt-gox-civil-rehabilitation-voting-deadline-ends-friday/ Mt. Gox Civil Rehabilitation Voting Deadline Ends Friday] (Oct 10, 2021)</ref>

	<ref name="mtgoxarchive1-4126">[https://web.archive.org/web/20110203031942/http://mtgox.com/ Mt Gox - Bitcoin Exchange - February 3rd, 2011 - Internet Archive] (Oct 12, 2021)</ref>		<ref name="mtgoxarchive1-4126">[https://web.archive.org/web/20110203031942/http://mtgox.com/ Mt Gox - Bitcoin Exchange - February 3rd, 2011 - Internet Archive] (Oct 13, 2021)</ref>

	<ref name="mtgoxarchive2-4127">[https://web.archive.org/web/20120112024603/https://mtgox.com/ Mt.Gox - Bitcoin Exchange - January 12th, 2012 - Internet Archive] (Oct 12, 2021)</ref>		<ref name="mtgoxarchive2-4127">[https://web.archive.org/web/20120112024603/https://mtgox.com/ Mt.Gox - Bitcoin Exchange - January 12th, 2012 - Internet Archive] (Oct 13, 2021)</ref>

	<ref name="mtgoxarchive-4128">[https://web.archive.org/web/20140318154627/https://www.mtgox.com/ MtGox.com] (Oct 12, 2021)</ref>		<ref name="mtgoxarchive-4128">[https://web.archive.org/web/20140318154627/https://www.mtgox.com/ MtGox.com] (Oct 13, 2021)</ref>

	<ref name="wallstreetjournal-4129">[https://www.wsj.com/articles/SB10001424052702304899704579388483531937144 Mt. Gox Shows Bitcoin's Growing Pains - WSJ] (Oct 13, 2021)</ref>		<ref name="wallstreetjournal-4129">[https://www.wsj.com/articles/SB10001424052702304899704579388483531937144 Mt. Gox Shows Bitcoin's Growing Pains - WSJ] (Oct 14, 2021)</ref>

	<ref name="japantimes-4130">[https://www.japantimes.co.jp/news/2019/04/06/national/media-national/solving-worlds-largest-bitcoin-heist/ Solving the world's largest bitcoin heist \| The Japan Times] (Oct 13, 2021)</ref>		<ref name="japantimes-4130">[https://www.japantimes.co.jp/news/2019/04/06/national/media-national/solving-worlds-largest-bitcoin-heist/ Solving the world's largest bitcoin heist \| The Japan Times] (Oct 14, 2021)</ref>

	<ref name="slashdotyro-7523">[https://yro.slashdot.org/story/14/03/10/0733213/hackers-allege-mt-gox-still-controls-stolen-bitcoins Hackers Allege Mt. Gox Still Controls "Stolen" Bitcoins - Slashdot] (Apr 10, 2022)</ref>		<ref name="slashdotyro-7523">[https://yro.slashdot.org/story/14/03/10/0733213/hackers-allege-mt-gox-still-controls-stolen-bitcoins Hackers Allege Mt. Gox Still Controls "Stolen" Bitcoins - Slashdot] (Apr 10, 2022)</ref>
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	<ref name="ceodotca-7527">[https://ceo.ca/@currencyfrontier/theone-simple-reason-why-bitcoin-went-down-againoverthe-weekend The One Simple Reason Why Bitcoin Went Down (Again) Over the Weekend] (Apr 10, 2022)</ref>		<ref name="ceodotca-7527">[https://ceo.ca/@currencyfrontier/theone-simple-reason-why-bitcoin-went-down-againoverthe-weekend The One Simple Reason Why Bitcoin Went Down (Again) Over the Weekend] (Apr 10, 2022)</ref>

	<ref name="bitcointalk-4667">[https://bitcointalk.org/index.php?topic=4412667.0 Bitcointalk history of MtGox and how a Bitcointalk post caught the MtGox hacker.] (Dec 21, 2021)</ref>		<ref name="bitcointalk-4667">[https://bitcointalk.org/index.php?topic=4412667.0 Bitcointalk history of MtGox and how a Bitcointalk post caught the MtGox hacker.] (Dec 22, 2021)</ref>

	<ref name="youtube-8527">[https://www.youtube.com/watch?v=rgpfGsLW7II The Wealth Transfer Just Started \| How To Prepare - YouTube] (Jul 16, 2022)</ref></references>		<ref name="youtube-8527">[https://www.youtube.com/watch?v=rgpfGsLW7II The Wealth Transfer Just Started \| How To Prepare - YouTube] (Jul 16, 2022)</ref></references>

Azoundria at 00:31, 19 February 2023

2023-02-19T00:31:29Z

← Older revision		Revision as of 18:31, 18 February 2023
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	<ref name="slashdotyro-7523">[https://yro.slashdot.org/story/14/03/10/0733213/hackers-allege-mt-gox-still-controls-stolen-bitcoins Hackers Allege Mt. Gox Still Controls "Stolen" Bitcoins - Slashdot] (Apr 10, 2022)</ref>		<ref name="slashdotyro-7523">[https://yro.slashdot.org/story/14/03/10/0733213/hackers-allege-mt-gox-still-controls-stolen-bitcoins Hackers Allege Mt. Gox Still Controls "Stolen" Bitcoins - Slashdot] (Apr 10, 2022)</ref>

	<ref name="ceodotca-7527">[https://ceo.ca/@currencyfrontier/theone-simple-reason-why-bitcoin-went-down-againoverthe-weekend The One Simple Reason Why Bitcoin Went Down (Again) Over the Weekend~~, by @currencyfrontier~~] (Apr 10, 2022)</ref>		<ref name="ceodotca-7527">[https://ceo.ca/@currencyfrontier/theone-simple-reason-why-bitcoin-went-down-againoverthe-weekend The One Simple Reason Why Bitcoin Went Down (Again) Over the Weekend] (Apr 10, 2022)</ref>

	<ref name="bitcointalk-4667">[https://bitcointalk.org/index.php?topic=4412667.0 Bitcointalk history of MtGox and how a Bitcointalk post caught the MtGox hacker.] (Dec 21, 2021)</ref>		<ref name="bitcointalk-4667">[https://bitcointalk.org/index.php?topic=4412667.0 Bitcointalk history of MtGox and how a Bitcointalk post caught the MtGox hacker.] (Dec 21, 2021)</ref>

	<ref name="youtube-8527">[https://www.youtube.com/watch?v=rgpfGsLW7II The Wealth Transfer Just Started \| How To Prepare - YouTube] (Jul 16, 2022)</ref></references>		<ref name="youtube-8527">[https://www.youtube.com/watch?v=rgpfGsLW7II The Wealth Transfer Just Started \| How To Prepare - YouTube] (Jul 16, 2022)</ref></references>

Azoundria at 00:46, 16 February 2023

2023-02-16T00:46:46Z

← Older revision		Revision as of 18:46, 15 February 2023
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	<ref name="slashdotyro-7523">[https://yro.slashdot.org/story/14/03/10/0733213/hackers-allege-mt-gox-still-controls-stolen-bitcoins Hackers Allege Mt. Gox Still Controls "Stolen" Bitcoins - Slashdot] (Apr 10, 2022)</ref>		<ref name="slashdotyro-7523">[https://yro.slashdot.org/story/14/03/10/0733213/hackers-allege-mt-gox-still-controls-stolen-bitcoins Hackers Allege Mt. Gox Still Controls "Stolen" Bitcoins - Slashdot] (Apr 10, 2022)</ref>

	<ref name="ceodotca-7527">[https://ceo.ca/@currencyfrontier/theone-simple-reason-why-bitcoin-went-down-againoverthe-weekend The		<ref name="ceodotca-7527">[https://ceo.ca/@currencyfrontier/theone-simple-reason-why-bitcoin-went-down-againoverthe-weekend The One Simple Reason Why Bitcoin Went Down (Again) Over the Weekend, by @currencyfrontier] (Apr 10, 2022)</ref>
	One Simple Reason Why Bitcoin Went Down (Again)

	Over
	the Weekend, by @currencyfrontier] (Apr 10, 2022)</ref>

	<ref name="bitcointalk-4667">[https://bitcointalk.org/index.php?topic=4412667.0 Bitcointalk history of MtGox and how a Bitcointalk post caught the MtGox hacker.] (Dec 21, 2021)</ref>		<ref name="bitcointalk-4667">[https://bitcointalk.org/index.php?topic=4412667.0 Bitcointalk history of MtGox and how a Bitcointalk post caught the MtGox hacker.] (Dec 21, 2021)</ref>

	<ref name="youtube-8527">[https://www.youtube.com/watch?v=rgpfGsLW7II The Wealth Transfer Just Started \| How To Prepare - YouTube] (Jul 16, 2022)</ref></references>		<ref name="youtube-8527">[https://www.youtube.com/watch?v=rgpfGsLW7II The Wealth Transfer Just Started \| How To Prepare - YouTube] (Jul 16, 2022)</ref></references>

Azoundria at 21:41, 15 February 2023

2023-02-15T21:41:51Z

Azoundria: Azoundria moved page MT Gox Halts Trade Over Major Hack to Mt. Gox Halts Trade Over Major Hack: Slight tweak.

2023-01-22T18:23:35Z

Azoundria moved page MT Gox Halts Trade Over Major Hack to Mt. Gox Halts Trade Over Major Hack: Slight tweak.

← Older revision	Revision as of 12:23, 22 January 2023
(No difference)

← Older revision		Revision as of 15:41, 15 February 2023
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	{{Imported Case Study\|source=https://www.quadrigainitiative.com/casestudy/mtgoxhaltstradeovermajorhack.php}}		{{Imported Case Study\|source=https://www.quadrigainitiative.com/casestudy/mtgoxhaltstradeovermajorhack.php}}
			{{Unattributed Citations}}

	[[File:Mtgox.jpg\|thumb\|Mt. Gox]]The most famous incident that everyone has heard of. Lack of secure storage for funds, a CEO who had his focus elsewhere, and the hacks apparently went undetected for months. There is still an ongoing bankruptcy. Luckily, at least one of the cold wallets escaped capture and can be used for disbursement. While victims have massive losses in bitcoin terms, due to the time that has passed they will most likely have minimal losses in fiat terms.		[[File:Mtgox.jpg\|thumb\|Mt. Gox]]The most famous incident that everyone has heard of. Lack of secure storage for funds, a CEO who had his focus elsewhere, and the hacks apparently went undetected for months. There is still an ongoing bankruptcy. Luckily, at least one of the cold wallets escaped capture and can be used for disbursement. While victims have massive losses in bitcoin terms, due to the time that has passed they will most likely have minimal losses in fiat terms.

	This exchange or platform is based in Japan, or the incident targeted people primarily in Japan.		This exchange or platform is based in Japan, or the incident targeted people primarily in Japan.
			<ref name="bitcoinmagazine-6" /><ref name="kylegibson-86" /><ref name="bitcointalklist-87" /><ref name="cryptopotato-161" /><ref name="fintechnews-164" /><ref name="cointelegraph-197" /><ref name="coinsutra-202" /><ref name="bitcoinexchangeguide-218" /><ref name="darknetdiaries-1157" /><ref name="slowmisthacked-1160" /><ref name="coindesk-4125" /><ref name="mtgoxarchive1-4126" /><ref name="mtgoxarchive2-4127" /><ref name="mtgoxarchive-4128" /><ref name="wallstreetjournal-4129" /><ref name="japantimes-4130" /><ref name="slashdotyro-7523" /><ref name="ceodotca-7527" /><ref name="bitcointalk-4667" /><ref name="youtube-8527" />

	== About Mt. Gox ==		== About Mt. Gox ==
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	Don't Include:		Don't Include:

	* Any wording which directly states or implies that the business is/was illegitimate, or that a vulnerability existed.		* Any wording which directly states or implies that the business is/was illegitimate, or that a vulnerability existed.
	* Anything that wasn't reasonably knowable at the time of the event.		* Anything that wasn't reasonably knowable at the time of the event.
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	\|-		\|-
	\|February 1st, 2014 12:00:27 AM		\|February 1st, 2014 12:00:27 AM
	\|~~First~~ Event		\|Main Event
	\|~~This is an expanded~~ description of what happened and the impact. If multiple lines are necessary, add them here.		\|Expand this into a brief description of what happened and the impact. If multiple lines are necessary, add them here.
	\|-
	\|
	\|
	\|
	\|-		\|-
	\|		\|
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	== Total Amount Lost ==		== Total Amount Lost ==
	The total amount lost ~~is unknown~~.		The total amount lost has been estimated at $300,000,000 USD.

	How much was lost and how was it calculated? If there are conflicting reports, which are accurate and where does the discrepancy lie?		How much was lost and how was it calculated? If there are conflicting reports, which are accurate and where does the discrepancy lie?
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	== Total Amount Recovered ==		== Total Amount Recovered ==
	~~It is unknown how much was~~ recovered.		There do not appear to have been any funds recovered in this case.

	What funds were recovered? What funds were reimbursed for those affected users?		What funds were recovered? What funds were reimbursed for those affected users?
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	== References ==		== References ==
	[https://bitcoinmagazine.com/articles/infographic-overview-compromised-bitcoin-exchange-events Infographic: An Overview of Compromised Bitcoin Exchange Events] (Jan 29)		<references><ref name="bitcoinmagazine-6">[https://bitcoinmagazine.com/articles/infographic-overview-compromised-bitcoin-exchange-events Infographic: An Overview of Compromised Bitcoin Exchange Events] (Jan 29, 2020)</ref>

	[https://medium.com/@kylegibson/100-crypto-thefts-a-timeline-of-hacks-glitches-exit-scams-and-other-lost-cryptocurrency-873c87fd5522 100 Crypto Thefts: A Timeline of Hacks, Glitches, Exit Scams, and other Lost Cryptocurrency Incidents] (Jan 24)		<ref name="kylegibson-86">[https://medium.com/@kylegibson/100-crypto-thefts-a-timeline-of-hacks-glitches-exit-scams-and-other-lost-cryptocurrency-873c87fd5522 100 Crypto Thefts: A Timeline of Hacks, Glitches, Exit Scams, and other Lost Cryptocurrency Incidents] (Jan 25, 2020)</ref>

	[https://bitcointalk.org/index.php?topic=576337 List of Major Bitcoin Heists, Thefts, Hacks, Scams, and Losses] (Feb 14)		<ref name="bitcointalklist-87">[https://bitcointalk.org/index.php?topic=576337 List of Major Bitcoin Heists, Thefts, Hacks, Scams, and Losses] (Feb 15, 2020)</ref>

	[https://cryptopotato.com/lessons-learned-from-the-biggest-crypto-hacks-in-history/ Lessons Learned from the Biggest Crypto Hacks in History] (Feb 25)		<ref name="cryptopotato-161">[https://cryptopotato.com/lessons-learned-from-the-biggest-crypto-hacks-in-history/ Lessons Learned from the Biggest Crypto Hacks in History] (Feb 25, 2020)</ref>

	[https://fintechnews.sg/23594/blockchain/cryptocurrency-hack-binance/ A Look Back on Some of the Most Devastating Crypto Hacks \| Fintech Singapore] (Feb 26)		<ref name="fintechnews-164">[https://fintechnews.sg/23594/blockchain/cryptocurrency-hack-binance/ A Look Back on Some of the Most Devastating Crypto Hacks \| Fintech Singapore] (Feb 26, 2020)</ref>

	[https://cointelegraph.com/news/crypto-exchange-hacks-in-review-proactive-steps-and-expert-advice Crypto Exchange Hacks in Review: Proactive Steps and Expert Advice] (Mar 1)		<ref name="cointelegraph-197">[https://cointelegraph.com/news/crypto-exchange-hacks-in-review-proactive-steps-and-expert-advice Crypto Exchange Hacks in Review: Proactive Steps and Expert Advice] (Mar 1, 2020)</ref>

	[https://coinsutra.com/biggest-bitcoin-hacks/ Top 6 Biggest Bitcoin Hacks Ever] (Mar 1)		<ref name="coinsutra-202">[https://coinsutra.com/biggest-bitcoin-hacks/ Top 6 Biggest Bitcoin Hacks Ever] (Mar 1, 2020)</ref>

	[https://bitcoinexchangeguide.com/bitcoin/scams-hacks/ Bitcoin Scams and Cryptocurrency Hacks List - BitcoinExchangeGuide.com] (Mar 4)		<ref name="bitcoinexchangeguide-218">[https://bitcoinexchangeguide.com/bitcoin/scams-hacks/ Bitcoin Scams and Cryptocurrency Hacks List - BitcoinExchangeGuide.com] (Mar 5, 2020)</ref>

	[https://darknetdiaries.com/episode/9/ The Rise and Fall of Mt. Gox – Darknet Diaries] (Jun 24)		<ref name="darknetdiaries-1157">[https://darknetdiaries.com/episode/9/ The Rise and Fall of Mt. Gox – Darknet Diaries] (Jun 25, 2021)</ref>

	[https://hacked.slowmist.io/en/?c=Exchange SlowMist Hacked - SlowMist Zone] (Jun 25)		<ref name="slowmisthacked-1160">[https://hacked.slowmist.io/en/?c=Exchange SlowMist Hacked - SlowMist Zone] (Jun 25, 2021)</ref>

	[https://www.coindesk.com/business/2021/10/06/mt-gox-civil-rehabilitation-voting-deadline-ends-friday/ Mt. Gox Civil Rehabilitation Voting Deadline Ends Friday] (Oct 9)		<ref name="coindesk-4125">[https://www.coindesk.com/business/2021/10/06/mt-gox-civil-rehabilitation-voting-deadline-ends-friday/ Mt. Gox Civil Rehabilitation Voting Deadline Ends Friday] (Oct 9, 2021)</ref>

	[https://web.archive.org/web/20110203031942/http://mtgox.com/ Mt Gox - Bitcoin Exchange] (Oct 12)		<ref name="mtgoxarchive1-4126">[https://web.archive.org/web/20110203031942/http://mtgox.com/ Mt Gox - Bitcoin Exchange - February 3rd, 2011 - Internet Archive] (Oct 12, 2021)</ref>

	[https://web.archive.org/web/20120112024603/https://mtgox.com/ Mt.Gox - Bitcoin Exchange] (Oct 12)		<ref name="mtgoxarchive2-4127">[https://web.archive.org/web/20120112024603/https://mtgox.com/ Mt.Gox - Bitcoin Exchange - January 12th, 2012 - Internet Archive] (Oct 12, 2021)</ref>

	[https://web.archive.org/web/20140318154627/https://www.mtgox.com/ MtGox.com] (Oct 12)		<ref name="mtgoxarchive-4128">[https://web.archive.org/web/20140318154627/https://www.mtgox.com/ MtGox.com] (Oct 12, 2021)</ref>

	[https://www.wsj.com/articles/SB10001424052702304899704579388483531937144 Mt. Gox Shows Bitcoin's Growing Pains - WSJ] (Oct 13)		<ref name="wallstreetjournal-4129">[https://www.wsj.com/articles/SB10001424052702304899704579388483531937144 Mt. Gox Shows Bitcoin's Growing Pains - WSJ] (Oct 13, 2021)</ref>

	[https://www.japantimes.co.jp/news/2019/04/06/national/media-national/solving-worlds-largest-bitcoin-heist/ Solving the world's largest bitcoin heist \| The Japan Times] (Oct 13)		<ref name="japantimes-4130">[https://www.japantimes.co.jp/news/2019/04/06/national/media-national/solving-worlds-largest-bitcoin-heist/ Solving the world's largest bitcoin heist \| The Japan Times] (Oct 13, 2021)</ref>

	[https://yro.slashdot.org/story/14/03/10/0733213/hackers-allege-mt-gox-still-controls-stolen-bitcoins Hackers Allege Mt. Gox Still Controls "Stolen" Bitcoins - Slashdot] (Apr 10)		<ref name="slashdotyro-7523">[https://yro.slashdot.org/story/14/03/10/0733213/hackers-allege-mt-gox-still-controls-stolen-bitcoins Hackers Allege Mt. Gox Still Controls "Stolen" Bitcoins - Slashdot] (Apr 10, 2022)</ref>

	[https://ceo.ca/@currencyfrontier/theone-simple-reason-why-bitcoin-went-down-againoverthe-weekend The		<ref name="ceodotca-7527">[https://ceo.ca/@currencyfrontier/theone-simple-reason-why-bitcoin-went-down-againoverthe-weekend The
	One Simple Reason Why Bitcoin Went Down (Again)		One Simple Reason Why Bitcoin Went Down (Again)

	Over		Over
	the Weekend, by @currencyfrontier] (Apr 10)		the Weekend, by @currencyfrontier] (Apr 10, 2022)</ref>

	[https://bitcointalk.org/index.php?topic=4412667.0 Bitcointalk history of MtGox and how a Bitcointalk post caught the MtGox hacker.] (Dec 21)		<ref name="bitcointalk-4667">[https://bitcointalk.org/index.php?topic=4412667.0 Bitcointalk history of MtGox and how a Bitcointalk post caught the MtGox hacker.] (Dec 21, 2021)</ref>

	[https://www.youtube.com/watch?v=rgpfGsLW7II The Wealth Transfer Just Started \| How To Prepare - YouTube] (Jul 16)		<ref name="youtube-8527">[https://www.youtube.com/watch?v=rgpfGsLW7II The Wealth Transfer Just Started \| How To Prepare - YouTube] (Jul 16, 2022)</ref></references>