The Rise and Fall of Mt. Gox

This chapter explores the tumultuous history of Mt. Gox, a pivotal Bitcoin exchange, detailing its rise from a niche trading platform to a major player in the cryptocurrency market. It examines the challenges faced, including a catastrophic hack that led to the loss of over 740,000 Bitcoins and highlights the broader implications for cryptocurrency regulation. Through a mix of dark humor and critical analysis, the chapter reveals the systemic flaws in cryptocurrency management and the risks associated with its decentralized nature.