Fun Fact: 15 years ago, the price of Bitcoin on the Mt. Gox exchange briefly crashed…
🩵 Fun Fact: 15 years ago, the price of Bitcoin on the Mt. Gox exchange briefly crashed from around $17.50 to just $0.01 in a matter of minutes.
The flash crash occurred after hackers compromised an administrative Mt. Gox account and used it to place massive fraudulent sell orders, overwhelming the exchange’s order book.
The affected trades were later reversed by Mt. Gox, and the exchange kept running for a few more years before its infamous 2014 collapse.
🔥 @Wary