Mt. Gox was the largest bitcoin exchange in the world. It was processing over $15 million a day in transactions. But suddenly, without warning, the website went down. The CEO said the bitcoins were stolen and lost. The public thought Mt. Gox stole the bitcoin themselves. So what really happened?

Thanks to Kim Nilsson at WizSec for doing such great research and being on the show! To learn more on how Kim did research watch his talk here.

References

Music

Music in this episode: “The Loss of Blood” and “Blood Loss” by Ian Alex Mac. “Monkeys Spinning Monkeys” by Kevin MacLeod Licensed under Creative Commons: By Attribution 3.0 License. “Deviate”, “Tweetstorm Gathering”, “Big Blue”, “Gears Spinning”, “Lucky Stars”, “Refraction”, “Tarnish”, “Celadon”, “Pink Gradient”, “Tripper”, “Electron”, “Melange”, “Aria Area”, “Sunset”, “Operatives”, “Falling Falling”, and “Glitter” by Podington Bear.

Bitcoin image adapted from image by Vitalij Fleganov licensed under CC BY.