“Magic: The Gathering Online for Windows (2002).” MobyGames, https://www.mobygames.com/game/magic-the-gathering-online.
MTGOX began as a card trading game online named Magic The Gathering Online. However the owner of the site got bored and decided to sell it to a man named Mark Karpelès. Mark flipped the site and turned it into a crypto exchange. Mark added the "X" onto the end of MTGO which stands for exchange. The site was a massive hit and ended up controling 80% of Bitcoin transactions worldwide. Unfortunately the owners and employes of the company would become careless and make mistakes that could have easily been avoided. Those mistakes led to the fall of the company and the loss of millions of dollars for the company and more importantly the people invested in it as they never got their money back.
MTGOX was a widley used crypto exchange for Bitcoin that was hacked, resulting in the companies failure and the loss of millions. The purpose of this website is to tell you what happened with the company and how to aviod it, so it does not happen to you.
The main reason MTGOX was hacked is because the people running it were careless. They did simple things that allowed them to be hacked such as making the admin account controling the tranasctions password "admin". Avoiding simple mistakes like that are crucial in the crypto world because people are always out to get you and constanly looking for openings to exploit. Make sure you have a strong password and change it frequently. There are plenty of websites/software that will create strong passwords and store them for you. The reason that bad passwords are created, is because people make them easy to remember. Using a third party software or site prevents you from having to remember the password which will allow you to make a more complex password.
Williams-Grut, Oscar.“'This Is Horse s---': Bitcoin Traders Are Angry That Mt Gox's Crypto Stash Is Being 'Dumped' on the Market.” Business Insider, 8 Mar. 2018, https://www.businessinsider.com/bitcoin-price-traders-angry-over-mt-gox-trustees-bitcoin-sales-2018-3.
Unfortunately there is no real way to guarantee the safety of your crypto wallets because there will always be ways for hackers to steal them. In the case of MTGOX it was not the users at fault. It was the company being careless that led to the Wallet.dat file being stolen. That file contained every wallet password on the site allowing the hacker to have free control over the money in every persons wallet and there was nothing the people could do about it.
Another thing you can do to try and prevent your wallet (wallet being what contains your currency/nfts) getting stolen is having multiple wallets. A wallet that you use for transfers and everyday transactions and other wallets that are only used to contain those NFTs/crypto. This will add an extra layer of protection to your belongings.
Clicking links is the number one way to get wallets stolen. If you are going to click a link make sure that it is the offical link from the offical account that you are trying to buy from. Many people fall for fake accounts that are immitating the real one and end up loosing their NFTs. Always verify that the crypto wallet name matches the wallet name that you are trying to send to. It is a common scam for people to send fake wallets or immitate others exactly and then use their wallet instead of the offical one.
Many NFTs are promoted through Discord. If using Discord make sure to have DMs turned off. Many accounts are fake and they WILL send you links in hopes of you clicking it. Turning off DMs entirely will ensure that those accounts never message you and is just one more security to ensure your account safety.
Crypto allows us to make money online and most of the time passively which is great. However it should be avioded at all costs if you dont know anything about online scams or how the system works. Make sure to do research on the topic and make sure you set up and follow instructions properly. The crypto world is still new and there is still things that we dont know. Hopping on a project early on can be the make or break of your money. NFTs in particular are a new thing in the crypto world that we dont know much about and there are tons of scams. Make sure to follow the things I said on this website and make sure to do your own research before acting.