The most famous cryptocurrency hacker has become one of the richest people on the planet

The cryptocurrency criminal who hacked Mt. Gox has been included in the Forbes ranking of the world’s 1000 richest people for 2023. According to Arkham, the hacker currently owns almost 80,000 BTC, which is estimated at $ 3.18 billion.

The once popular crypto platform Mt. Gox suffered a catastrophic collapse in 2014 amid a large-scale hack. The hacker who attacked the exchange stole a total of 650,000 BTC over 3 years. The fraudster’s current wealth is comparable to the assets of legendary NBA basketball player Michael Jordan.

As for the hack that brought the hacker the most profit, the attacker took advantage of critical vulnerable security systems. His approach was to create a fake account through which bitcoins were sold. This provoked a sharp drop in the value of the coin. Thus, the main digital asset was changing hands at a discounted price.

The hacker purchased the assets at a reduced cost and then laundered them on the BTC-e platform. At the time, many users criticized Mt. Gox for their negligent attitude to the security system. The company promised to fix the vulnerabilities and cover the losses of its customers.

The victims of the cryptocurrency exchange Mt. Gox cryptocurrency exchange that went bankrupt ten years ago is one step closer to receiving the long-awaited payments. Creditors have started publishing screenshots of Mt. Gox letters. Opinions on the compensation procedure are divided. Some believe that the letters indicate progress in the case of the refund. Others, on the contrary, believe that the process is being delayed.

Mt. Gox was one of the world’s largest cryptocurrency exchanges, operating from 2010 until it declared bankruptcy in 2014 after a series of hacks. At its peak, Mt. Gox provided about 70% of the total bitcoin trading volume.