The largest cryptocurrency hack occurred in February 2014, when hackers stole approximately $450 million from Mt. Gox, a bitcoin exchange based in Tokyo that handled 70% of all bitcoin transactions at the time of the hack. Wired reported the Mt. Gox hack occurred due to a flawed system for securing software and shady business practices. The company CEO allegedly spent over $1 million on renovating a café in company headquarters while the business was “falling apart.”
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