Hack history / 2011 / Hack or exploit
Mt. Gox
Hack or exploit on Jun 19, 2011 · Improper Access Control
ONE SOURCE · 1 SOURCE
Lost
$8.8M
dollars at the time
Returned
none listed
as the sources state it
Rank
#331
among thefts by dollars lost
What happened
Mt. Gox's auditor's computer was compromised, giving attackers access to the exchange's admin credentials. Attackers manipulated the exchange price to $0.01 BTC and used the access to drain customer accounts, transferring approximately 2,000 BTC while 650 more were purchased at the artificially low price.
Details
- Date
- Jun 19, 2011
- Kind
- Hack or exploit
- Method
- Improper Access Control
- How in
- Smart contract bug
- Target
- Centralized exchange
- Chains
- Bitcoin
Reported by
Cite this page
SwanBluechip, "Mt. Gox hack, Jun 19, 2011: $8.8M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/ht9374a9f385/ (data as of 2026-10-31).