
Published by
Benzinga
Benzinga
Back in April 2013, Bitcoin (CRYPTO: BTC) experienced the downside of its own success as investors flocked to this exciting new opportunity that was making waves in mainstream media. What Happened: The trading activity became so intense that Mt. Gox, one of the prominent Bitcoin exchanges at the time, struggled to handle the overwhelming volume. When the market eventually crashed, hackers took advantage of the vulnerability, pushing Mt. Gox into an unprecedented total shutdown. This resulted in a significant price drop, with Bitcoin plummeting from nearly $260 to $50. Reflecting on this eventf…