News and Analytics

The hacker who hacked Mt.Gox is included in the list of the 1000 wealthiest people on the planet.
0

The hacker who hacked Mt.Gox is included in the list of the 1000 wealthiest people on the planet.

Jan 25, 2024

The former Mt.Gox cryptocurrency platform, which was once very popular, suffered a devastating collapse in 2014, after the largest hacker attack in the history of the exchange. Three years before, an unknown hacker managed to steal a total of 650 thousand bitcoins. These funds were washed through BTC-e, which was founded by Alexander Vinnik and Alexander Bilyuchenko. According to Arkham, the hacker currently owns almost 80 thousand bitcoins, which is estimated at $3.18 billion dollars.

This puts him among the 1,000 richest people on the planet according to Forbes for 2023. The wealth of this criminal is comparable to the assets of legendary NBA basketball player Michael Jordan. In June 2011, Mt.Gox was hacked, while a hacker exploited critical security vulnerabilities. In particular, a fake account was created through which bitcoins were sold at discounted prices, even up to 1 cent per coin.

The hacker acquired assets on the cheap and successfully washed them through BTC-e. At that time, many Mt.Gox customers criticized the company for not paying enough attention to security, but it promised to fix vulnerabilities and compensate customers for losses.

Ultimately, past events continue to worry bitcoin investors. There is a concern that payments made by the company may negatively affect the price of bitcoin. Currently, the cryptocurrency is strengthening around the $40,000 mark. The situation in the cryptocurrency market remains unstable.

Comments

Latest analytics

Bead Pay: Cryptocurrency...

Bead Pay: Cryptocurrency Solutions for Global Payments

Bobby Zagotta and...

Bobby Zagotta and His Impact on the Crypto Industry

Show more

Latest Dapp Articles

Show more

You may also like