Foxpup
Legendary
Offline
Activity: 4480
Merit: 3122
Vile Vixen and Miss Bitcointalk 2021-2023
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 18, 2013, 04:20:55 AM |
|
You have been misinformed. Mt. Gox, the largest Bitcoin exchange, was hacked in June 2011, and the hacker fraudulently sold a large number of bitcoins that didn't belong to him, driving the price on Mt. Gox down to $0.01. But none of these fraudulent trades were actually executed, and Mt. Gox did not execute any trades below $8 in June, and the price on all other exchanges was totally unaffected. However, the incident did trigger a (real) crash that slowly brought the price down to a much less ridiculous low of about $2 in November.
|