Security
SecurityMajor
Mt. Gox Moves 424,242 BTC Publicly
After a hack, Mt. Gox proves on-chain it still controls its cold wallets.
Block
#132,749
Importance
80/100
People
Following a June 2011 breach that briefly crashed Bitcoin's price to one cent on Mt. Gox, CEO Mark Karpeles announced and executed a transfer of 424,242.424242 BTC to demonstrate the exchange still held its reserves. The movement was recorded in block 132,749 — one of the largest single on-chain transfers of the era.
Tags
#mt-gox#exchange#proof-of-reserves
What else happened around this time?
ExchangesMajor
Mt. Gox Launched
Jed McCaleb launches what becomes the dominant Bitcoin exchange.
#mt-gox#exchange
SecurityMajor
Mt. Gox Account Database Leaked
60,000 Mt. Gox accounts compromised.
BTC $17#mt-gox
SecurityLegendary
Mt. Gox Bankruptcy
850,000 BTC missing — the largest exchange failure in history.
BTC $550#mt-gox#hack
PriceNotable
Bitcoin Reaches $1.00
BTC achieved parity with the US dollar on Mt. Gox.
BTC $1#parity#price-milestone