Verification protects your account 
Hackers took advantage of bugs in Mt. Gox's code and injected malware. The difficulty in detecting the theft was that the transactions were disguised as legitimate ones. The exchange management did not immediately notice the loss of funds, which allowed the hackers to go undetected for years!
The collapse of Mt. Gox caused a wave of distrust in cryptocurrencies. Users lost their savings, and the investigation dragged on for years. Only in 2019, a solution was found: about 200 thousand BTC managed to return. Since then, the process of refunding the victims has begun.
To whom are Bitcoins returned?
At the moment, compensation is paid to those who applied for a refund. In July 2024, MtGox victims started receiving notifications about BTC and BCH refunds via Bitstamp and Kraken exchanges!
Summary.
tory of Mt. Gox has become a lesson for the entire crypto industry. The security of exchanges came to the forefront, and users became more cautious in choosing where to store their assets. The collapse of Mt. Gox reminded everyone that in the world of cryptocurrencies the main thing is safety!
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