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Topic: BTC dropped to $0.01 in 1 Second - FLASH CRASH (Read 2044 times)
Graphed :
Huge Bitcoin sell off due to a compromised account - rollback
Mark Karpeles
posted this on Jun-20 04:07
The bitcoin will be back to around 17.5$/BTC after we rollback all trades that have happened after the huge Bitcoin sale that happened on June 20th near 3:00am (JST).
Service should be back by June 20th 10:00am (JST, 01:00am GMT) with all the trades reversed and accounts available.
One account with a lot of coins was compromised and whoever stole it (using a HK based IP to login) first sold all the coins in there, to buy those again just after, and then tried to withdraw the coins. The $1000/day withdraw limit was active for this account and the hacker could only get out with $1000 worth of coins.
Apart from this no account was compromised, and nothing was lost. Due to the large impact this had on the Bitcoin market, we will rollback every trade which happened since the big sale, and ensure this account is secure before opening access again.
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from mtgox.com
Mark Karpeles
posted this on Jun-20 04:07
The bitcoin will be back to around 17.5$/BTC after we rollback all trades that have happened after the huge Bitcoin sale that happened on June 20th near 3:00am (JST).
Service should be back by June 20th 10:00am (JST, 01:00am GMT) with all the trades reversed and accounts available.
One account with a lot of coins was compromised and whoever stole it (using a HK based IP to login) first sold all the coins in there, to buy those again just after, and then tried to withdraw the coins. The $1000/day withdraw limit was active for this account and the hacker could only get out with $1000 worth of coins.
Apart from this no account was compromised, and nothing was lost. Due to the large impact this had on the Bitcoin market, we will rollback every trade which happened since the big sale, and ensure this account is secure before opening access again.
\
from mtgox.com
wohooooo
whoever had this order got rich quick: "Sun Jun 19 13:15:36 2011 0.0125 8000 100" 8k bitcoins for 100 bucks, now worth over 100k
No it was in about 15 seconds from $10 to $4 to $0.01
I saw it live on bitcoincharts
I saw it live on bitcoincharts
Protip: When there's a bazillion threads already about the same subject, maybe you are being redundant. Just sayin'.
More like 10-15 minutes.
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