In June 2011, a compromised account at Mt. Gox, then Bitcoin's most popular exchange, briefly drove its quoted price from about $17 to pennies before suspect transactions were rolled back.

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"In June 2011, a compromised account at Mt. Gox, then Bitcoin’s most popular exchange, briefly drove its quoted price from about $17 to pennies before suspect transactions were rolled back."

Contemporary reporting documents the Mt. Gox account compromise, the brief crash from about $17 to pennies, the trading halt and the rollback of suspect trades.

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Source title Bitcoin Prices Plummet on Hacked Exchange

Source authors Timothy Lee

Source year 2011

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