The price of Santa Coin is primarily affected by its supply and demand on the market. Demand is determined by the overall market situation, availability of the coin on centralized exchanges, demand for competing cryptocurrencies, and investor sentiment. Santa coin crypto price One of the earliest and most infamous cryptocurrency fraud cases involved Mt. Gox, once the world’s largest Bitcoin exchange. In 2014, Mt. Gox filed for bankruptcy, reporting the loss of 850,000 bitcoins (worth over $450 million at the time) due to a sophisticated hacking scheme. The investigation into Mt. Gox highlighted vulnerabilities in cryptocurrency exchanges and the challenges of tracing stolen digital assets across the decentralized blockchain.
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