mtgox hack confirmed | Bitcointalksearch.org

RomertL

sr. member

Activity: 470

Merit: 250

Quote from: Bit_Happy on June 19, 2011, 02:48:24 PM

Quote from: DamienBlack on June 19, 2011, 02:44:01 PM

Quote from: okashira on June 19, 2011, 02:37:13 PM

Quote from: done on June 19, 2011, 02:31:40 PM

If you have money on Tradehill it is time to buy bitcoins. You just heard from MTGOX that they will reset the price at over 17. Good luck

LOL... mtgox has no control of the price. Oh man that's a doozy. The price is controlled by what someone is willing to pay for them.

Yes, but they are rolling back to right when everyone had bids and asks right at 17.5, so it will start there. It may crash quickly though, but I'm not sure.

Yea but what will they do with the coins already removed from the system?

ArdaXi

newbie

Activity: 11

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Quote from: darvil on June 19, 2011, 02:27:40 PM

This thread title is misleading.

mtgox itself wasn't hacked. It was just a whale account that was.

It was. Their entire database was posted on the forums (with hashed passwords). The link has been pulled, so I'm not going to post it here, but MtGox was definitely compromised.

Bazil

full member

Activity: 126

Merit: 100

Quote from: Bit_Happy on June 19, 2011, 02:48:24 PM

Quote from: DamienBlack on June 19, 2011, 02:44:01 PM

Quote from: okashira on June 19, 2011, 02:37:13 PM

Quote from: done on June 19, 2011, 02:31:40 PM

If you have money on Tradehill it is time to buy bitcoins. You just heard from MTGOX that they will reset the price at over 17. Good luck

LOL... mtgox has no control of the price. Oh man that's a doozy. The price is controlled by what someone is willing to pay for them.

Yes, but they are rolling back to right when everyone had bids and asks right at 17.5, so it will start there. It may crash quickly though, but I'm not sure.

I had a buy order at ~16, glad I cancelled it before the drama

What would it matter it would be rolled back anyway

Bit_Happy

legendary

Activity: 2114

Merit: 1040

A Great Time to Start Something!

Quote from: DamienBlack on June 19, 2011, 02:44:01 PM

Quote from: okashira on June 19, 2011, 02:37:13 PM

Quote from: done on June 19, 2011, 02:31:40 PM

If you have money on Tradehill it is time to buy bitcoins. You just heard from MTGOX that they will reset the price at over 17. Good luck

LOL... mtgox has no control of the price. Oh man that's a doozy. The price is controlled by what someone is willing to pay for them.

Yes, but they are rolling back to right when everyone had bids and asks right at 17.5, so it will start there. It may crash quickly though, but I'm not sure.

I had a buy order at ~16, glad I cancelled it before the drama

DamienBlack

jr. member

Activity: 56

Merit: 1

Quote from: okashira on June 19, 2011, 02:37:13 PM

Quote from: done on June 19, 2011, 02:31:40 PM

If you have money on Tradehill it is time to buy bitcoins. You just heard from MTGOX that they will reset the price at over 17. Good luck

LOL... mtgox has no control of the price. Oh man that's a doozy. The price is controlled by what someone is willing to pay for them.

Yes, but they are rolling back to right when everyone had bids and asks right at 17.5, so it will start there. It may crash quickly though, but I'm not sure.

okashira

newbie

Activity: 45

Merit: 0

Quote from: done on June 19, 2011, 02:31:40 PM

If you have money on Tradehill it is time to buy bitcoins. You just heard from MTGOX that they will reset the price at over 17. Good luck

LOL... mtgox has no control of the price. Oh man that's a doozy. The price is controlled by what someone is willing to pay for them.

jhansen858

sr. member

Activity: 364

Merit: 250

On the real stock market in this situation, trading would be suspended...I think mtgox and tradehill should look into this... The massive carnage could be avoided.

http://en.wikipedia.org/wiki/Trading_halt

RomertL

sr. member

Activity: 470

Merit: 250

Ok, have to admit they did handle it quite well if this is true. But what happen with all the coins that people managed to withdraw? Find it hard to believe only the hacker managed to do it in time. Or did they block withdraw funds really fast?

done

newbie

Activity: 56

Merit: 0

If you have money on Tradehill it is time to buy bitcoins. You just heard from MTGOX that they will reset the price at over 17. Good luck

RandyMarsh

full member

Activity: 237

Merit: 100

I was worrying so much that i decided to stop worrying and played a few games of COD, and everything sorted itsself out Cool

done

newbie

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Merit: 0

Sounds like MTGOX is getting things taken care of. Positive news.

klaus

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Merit: 1004

Quote from: SNAPCALLHERO on June 19, 2011, 02:17:16 PM

Mtgox is doing a great job in this situation.

1++

Bazil

full member

Activity: 126

Merit: 100

Quote from: SNAPCALLHERO on June 19, 2011, 02:17:16 PM

I'm pretty sure it's extremely easy to look for all withdraws on the compromised account and talk to the processor that is handling it and get it cancelled. This is easy peesy stuff to do.

Mtgox is doing a great job in this situation.

Not if he sent it in bitcoins, but I have a feeling the price had already recovered to ten bucks or so by the time he tried to withdraw so he couldn't make off with that much.

darvil

member

Activity: 73

Merit: 10

This thread title is misleading.

mtgox itself wasn't hacked. It was just a whale account that was.

lonestranger

member

Activity: 115

Merit: 11

I like long walks on the beach, shaving my head...

Quote from: aop on June 19, 2011, 02:16:59 PM

This also confirms that someone has 500k BTC in his mtgox account and he is most likely the person behind constant price manipulation on Bitcoin market.

Wait a minute. Where did the 500K btc number come from?

true

newbie

Activity: 56

Merit: 0

Quote from: aop on June 19, 2011, 02:16:59 PM

This also confirms that someone has 500k BTC in his mtgox account and he is most likely the person behind constant price manipulation on Bitcoin market.

250k, but it's really neat that you think this, with no points of proof whatsoever. Cute, really.

BurtW

legendary

Activity: 2646

Merit: 1137

All paid signature campaigns should be banned.

I expect they did not sell all the BTC at $0.01, they just sold such a large amount that they went through every buyer (including me) all the way down to $0.01. Every single buy order from the current price at that time all the way down to the bottom was filled before the sell order was complete. Therefore they would have made a lot more than $1000 on the first BTC they sold...

ddod

newbie

Activity: 12

Merit: 0

Bitter-Sweet.

I was a little excited about my $2.00 emergency buy order that was filled during all of this.

jhansen858

sr. member

Activity: 364

Merit: 250

I wonder who has the balls to keep that much $$ in an online account ($7.5 million)

qikaifu

full member

Activity: 168

Merit: 100

God creats math and math creats bitcoin.

it's really a big account.

Topic: mtgox hack confirmed (Read 4714 times)