What is Mt. Gox?

Mt. Gox was a centralized cryptocurrency exchange that lost more than 700,000 bitcoin (BTC) in a 2014 hack. Created by Jed McCaleb in 2010, Mt. Gox was sold to Mark Karpeles in 2011 who operated it from Japan. Mt. Gox filed for bankruptcy and liquidation proceedings after the 2014 hack. Creditors are still awaiting compensation for their lost funds.

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