Publisher's Synopsis
MtGox was the biggest Bitcoin exchange in the world when it imploded in 2014, taking almost half a billion dollars in customer funds with it.
The collapse of MtGox, triggered by a perfect storm of crippling hacks and spectacular mismanagement, shocked the Bitcoin world to its core and left the fledgling cryptocurrency on the ropes. Worse, it started a battle for compensation by creditors that has been going on for almost a decade with no end in sight. Ultimate Catastrophe covers the rise and fall of MtGox and the titanic fights waged by those whose lives were turned upside-down by its capitulation: the sleuths, both amateur and professional, who hunted down the hackers; the desperate desire of MtGox CEO, Mark Karpelès, to clear his name; and the efforts of the tens of thousands of defrauded customers to claw back what is rightfully theirs. With insight from those who built it, used it and investigated its demise, join Mark Hunter as he reveals for the first time the full story of the birth, life and untimely death of MtGox. Mark Hunter has been an author and ghostwriter for 20 years and a leading cryptocurrency writer since 2017. He is the founder and CEO of literary and audio content creator CONTENT: ED Media and is the co-founder and co-host of the podcast series Dr Bitcoin - The Man Who Wasn't Satoshi Nakamoto.
