What happened
In February 2014 Mt. Gox stopped withdrawals and later said it had lost hundreds of thousands of bitcoin.
What failed
The exchange could not safeguard or account for customer bitcoin.
Current status
Mt. Gox is not an operating exchange. Official updates come from the trustee and mtgox.com notices.
What users should do
- Use only trustee or court-linked Mt. Gox notices.
Lessons
- Market dominance does not prevent operational failure.