Mt. Gox

Before Coinbase, before Binance, there was Mt. Gox — a Tokyo exchange that once handled 70% of all Bitcoin trades on Earth. Then 850,000 Bitcoin vanished. Trustless tells the story of Mt. Gox from the inside: the hobbyist code, the ignored warnings, the withdrawal freezes, and the day CEO Mark Karpelès faced the press and admitted the coins were gone. It was crypto’s first great collapse, and it taught the industry’s most painful lesson: not your keys, not your coins.