The exchange of cryptocurrencies is again in focus after the bankruptcy from Sam Bankman Fried Founded FTX.
It is estimated that at least $1 billion in customer funds have evaporated from the now-collapsed exchange. reported CNN.
However, not too long ago, the notion of “cryptoverse” was dominated by the collapse of another exchange – Mount Gox.
As 2011 the Mark Karpeles-led mountain. Gox collapsed, 850,000 Bitcoin BTC/USDworth nearly $14.63 billion today, was stolen.
Almost 137,000 BTC worth almost $3 billion are set to be released back into the cryptocurrency markets to compensate investors who lost their money in 2011.
See also: 11 Best Cryptocurrency Brokers in December 2022
The investment: Mt. Gox suspended trading on February 24, 2014. If an investor had put $100 into the Apex cryptocurrency on the same day BTC hit a bottom of $538.70, that’s how much they would have today. At the time of writing, BTC was seen at 17,229.11.
| investment | Date of purchase/listing | total amount of the purchase | purchase price | Units/Shares Received | worth now | Percent Change |
|---|---|---|---|---|---|---|
| Bitcoin (BTC) | February 24, 2014 | $100 | $538.70 | 0.186 | $3198.28 | 3098.28% |
The investor would be looking forward to a whopping 3,098.28% return on their investment and the $100 would have become $3,198.28 at the time of writing.
Continue reading: Happy Birthday Dogecoin! $100 invested in meme crypto now is worth that much if it hits levels from a year ago
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