What Caused the Crypto Market Crash Resulting in a 580 Million Loss

LUCKNOW (CoinChapter.com) — The crypto sphere faced a significant setback yesterday as prices drastically declined in all areas. This unforeseen crash in the crypto market resulted in a staggering loss of $580 million. The turmoil commenced during the early hours of Asian trading when traders detected peculiar activity. Suddenly, a digital wallet connected to Mt. Gox, which was formerly the largest Bitcoin exchange globally until its collapse in 2014, became active, captivating the attention of traders.