Reason behind attack? | Bitcointalksearch.org

netrin

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FirstBits: 168Bc

Quote from: mjsbuddha on June 20, 2011, 06:04:59 PM

Quote from: Bezza on June 19, 2011, 04:32:22 PM

Financial gain that simple really and he only made $1000.

It wasnt $1,000. It was $1,000 worth of bitcoins while the price was at $0.01, or 100,000 bitcoins. at the $17.50 price mt gox will open at, thats 1.75 million dollars.

You may be correct about the withdrawl amount (if pulled out before the immediate upward rebound, which would require fancy clicking). However, the $17.50 price is subject to the global market price when the opening bell rings irrespective of Mt. Gox time-freeze. All orders have been cleared, that means Mt. Gox is an entirely new market that just happens to have a bunch of accounts and currencies in it (we should hope).

mjsbuddha

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yung lean

Quote from: Bezza on June 19, 2011, 04:32:22 PM

Financial gain that simple really and he only made $1000.

It wasnt $1,000. It was $1,000 worth of bitcoins while the price was at $0.01, or 100,000 bitcoins. at the $17.50 price mt gox will open at, thats 1.75 million dollars.

bitplane

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Firstbits: 1gyzhw

My guess:

Hacker kid gets database via lamest 'sploit ever (trojan), posts it to a group of other hackers to show off and get cred, everyone rushes to get in and raid the accounts before the list spreads too far. Everyone is operating against the clock working against each other to crack passwords and cash out quickly before they're noticed, one of them hits the jackpot account and decides to sell all those BTC in a panic and puts an end to the game.

Reason behind attack: dynamics of a group of script kiddies, mistrust, one-upmanship and a lust for drama.

JTaBitCoinKing

newbie

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I'm new to Bitcoin, I found out about it a few days ago on Adam vs. The Man.

All I know is that Bitcoin is fighting the FED and the FED put the friggin Eye of Lucifer on the dollar bill in 1913, by the same president that got us into WWI!!! If the US never got involved in WWI then the later wars probably wouldn't have happened ether: and a lot of people would still be alive. Being the kid of a Vet, I was always told of the brave sacrifice of the men and woman who died for our freedom....

...Strange, seems to me men and woman keep dying for freedom and things keep getting less free...

...If we didn't have Bitcoin, I would probably be forced into the corporation owned military. Instead, I can fight the real enemies of freedom, not die, actually work towards a New World Order that is beneficial to everyone; All while I figure out some way to support myself without the institutions. What a Firggen great deal!

Seeing as this deal is so good, I wouldn't be surprised if the Pentagon was behind the(se) attack(s). And I can't help but jump to speculation.

Bitcoin_Silver_Supply

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Quote from: onesalt on June 19, 2011, 04:33:02 PM

Some people, Mister Wayne, Just want to watch the world burn.

This.

oneforall

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Quote from: chiliftw on June 20, 2011, 04:32:35 PM

Since they use bitcoin theirselves and have (probably) a bitcoin enthusiast in their own ranks, I think they made it on the one hand for the lulz, on the other hand for more security. It is (at least in the country I am living) a damn old law that at first something severe has to happen before (known) weak spots get real attention and finally fixed - nevertheless, the happening is severe. MtGox is improving security for sure now. Seriously, since Bitcoin business is gaining more and more it was better to have this now than in one or two years, with much more capital in the market, much higher market price and maybe then from hackers not telling everybody about the compromised database... I think Bitcoin will come out of the crisis strengthened, same as MtGox and all users of this forum - we are all using very good passwords now Grin

+1

This particular thread is testament to how much this forum has changed. It used to be that level headed realizations like chiliftws post abounded here. Now days you must search thru miles of muck and reaction seekers to find these gems. this answer was exactly what i thought the instant i saw the question in the subject. I was disappointed but not surprised that i had to scroll down past 14 posts to finally see one that wasn't a joke or unreasonable.

BTW - I have nothing against jokes, they can be used very effectively to convey points.

neneko

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I think it was simply for the money.

We'll see when Mt. Gox goes up again if it was actually true that only one account was compromised. I have a hard time believing that actually since the hackers obviously had the option to get into more than one. What I find much more likely is that a lot of people will have bitcoins missing from their accounts. The main reason I can think of to crash the market would be that it allows you to withdraw a large amounts of bitcoins from accounts without hitting the $1k limit. I wouldn't be surprised if they managed to empty a lot of Mt Gox accounts of their bitcoins.

chiliftw

member

Activity: 86

Merit: 10

Since they use bitcoin theirselves and have (probably) a bitcoin enthusiast in their own ranks, I think they made it on the one hand for the lulz, on the other hand for more security. It is (at least in the country I am living) a damn old law that at first something severe has to happen before (known) weak spots get real attention and finally fixed - nevertheless, the happening is severe. MtGox is improving security for sure now. Seriously, since Bitcoin business is gaining more and more it was better to have this now than in one or two years, with much more capital in the market, much higher market price and maybe then from hackers not telling everybody about the compromised database... I think Bitcoin will come out of the crisis strengthened, same as MtGox and all users of this forum - we are all using very good passwords now Grin

jkminkov

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Activity: 698

Merit: 500

Quote from: Bezza on June 19, 2011, 04:32:22 PM

Financial gain that simple really and he only made $1000.

do you believe in that crap that only $1000 were lost?

I bet there will be numerous accounts locked and money scammed for insufficient evidence provided about ownership.

Houdini

member

Activity: 84

Merit: 10

Quote from: Desu on June 19, 2011, 04:49:10 PM

Who knows? CIA?

Maybe the Milk Road (the notorious international Amish crime syndicate) ?

Desu

newbie

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Quote from: Desu on June 19, 2011, 04:49:10 PM

Who knows? CIA?

Like A scare tatic?

JTaBitCoinKing

newbie

Activity: 28

Merit: 1

Is it related to the wallet stealing file? Same hacker maybe?

I'm wondering if it's just one or more psychopathic hacker(s) out there that's trying to get as meany Bitcoins as they can. That's something I fear because it means, they just won't stop. Ultimately dooming the Bitcoin by their own greed; the same way heroin addict ODs.

I would feel much safer if I knew it was just hackavism for announcing alliance with the DOJ. If that's the case, these hackers aren't attacking Bitcoin specifically: just indirectly.

Desu

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Who knows? CIA?

bitebitebite

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Quote from: onesalt on June 19, 2011, 04:33:02 PM

Some people, Mister Wayne, Just want to watch the world burn.

made me lol.

max3t

newbie

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Quote from: Bezza on June 19, 2011, 04:32:22 PM

Financial gain that simple really and he only made $1000.

$1000 in btc I heared and they were worth 0.01$ back then. so he made 100k btc which is quite more than $1000.

onesalt

hero member

Activity: 756

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Some people, Mister Wayne, Just want to watch the world burn.

Bezza

newbie

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Financial gain that simple really and he only made $1000.

Houdini

member

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Merit: 10

I think the most likely scenario is that it was an attack from someone who wants bitcoins to fail (because of competition or politics).

Tx2000

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Greed. Human nature. As long as something of value is out there, some people are going to be out there trying to get it, no matter the consequences to others in the process.

handburger

newbie

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Why? There was money to be made. Shaking up confidence will cause a huge sell off, get in low, sell at the rebound.

Topic: Reason behind attack? (Read 2641 times)