Data Breach
Mt. Gox Data Breach
24K records exposed • February 2014
Mt. Gox was the biggest Bitcoin exchange until hackers stole 850,000 Bitcoin. The exchange went bankrupt, and customers lost billions of dollars. Some are still trying to get their money back.
What Happened
Mt. Gox, once the largest Bitcoin exchange, collapsed after 850,000 Bitcoin were stolen. The theft went undetected for years and led to the exchange's bankruptcy.
Attack method: Transaction malleability exploitation
What Data Was Exposed
Bitcoin - 850,000 BTC (worth ~$460 million then, ~$40 billion at peak)
Is your business exposed?
What to Do If You're Affected
- 1.
If affected, file claim with bankruptcy trustee
- 2.
Monitor for settlement distributions
Lessons for Businesses
- • Cryptocurrency exchanges need auditing
- • Not your keys, not your coins
- • Detection of theft can take years
Sources
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