Replying to Avatar The Daniel 🖖

Since we’re back at $42K again today, it reminded me of the wild story of MtGox, the infamous exchange that was riddled with scandal and ultimately collapsed in early 2014.

In 2011, its founder Mark Karpeles tried to prove its solvency by moving exactly 424242.42424242 BTC, worth $5.5 million at the time, which would be $17.7 billion today.

It was a zero-fee transaction. 🤯

Avatar
Mr. Sat Stacker 2y ago

This was a great " in this moment in time" . Thank you for sharing.

Reply to this note

Please Login to reply.

Discussion

Avatar
The Daniel 🖖 2y ago

“This address is owned by Mt Gox CEO Mark karpeles and was used to flex and prove his ownership of a large amount of bitcoin.”

https://www.blockchain.com/explorer/addresses/btc/1eHhgW6vquBYhwMPhQ668HPjxTtpvZGPC

Thread collapsed