Tag: mtgox

In the early days of cryptocurrencies, the MtGox case was often brought up as a cautionary tale among crypto-enthusiasts. Specifically, MtGox was the biggest Bitcoin exchange to undergo a hack where most funds were stolen. How can you trust Bitcoin if these things may happen? This argument, which is very often used against cryptocurrencies, is somewhat misleading both for non-users and new users. In fact, poor understanding of the MtGox events is often behind the lack of Bitcoin education and generally, of lack of understanding crypto currencies.