Crisis Strategy Draft Situation
For several weeks MtGox customers have been affected by bitcoin withdrawal issues that compounded on themselves. Publicly, MtGox declared that “transaction malleability” caused the system to be subject to theft, and that something needed to be done by the core devs to fix it. Gox’s own workaround solution was criticized, and eventually a fix was provided by Blockchain.info. The truth, it turns out, is that the damage had already been done.
At this point 744,408 BTC are missing due to malleability-related theft which went unnoticed for several years.
The cold storage has been wiped out due to a leak in the hot wallet.
http://www.scribd.com/doc/209050732/MtGox-Situation-Crisis-Strategy-Draft
Topic: The end of MtGox (Read 681 times)
The reason is probably that more media the last two days have reported that Japanese Mt. Gox, marketplace for approx. six percent of the trade in bitcoin, has been in trouble and now will be gone.
technical failure or bankruptcy?: Wall Street Journal writes, for example, that since apparently been deleted, and it should not be a technical error. Thus, 744,408 Bitcoins valued at about $ 350 million - or roughly 2.1 billion - out of the trade. At worst, they may be gone.
technical failure or bankruptcy?: Wall Street Journal writes, for example, that since apparently been deleted, and it should not be a technical error. Thus, 744,408 Bitcoins valued at about $ 350 million - or roughly 2.1 billion - out of the trade. At worst, they may be gone.
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