trade should be cancelled | Bitcointalksearch.org

speeder

hero member

Activity: 966

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PredX - AI-Powered Prediction Market

Quote from: SgtSpike on June 19, 2011, 05:59:43 PM

No, trades should not be cancelled.

MtGox screwed up with their security. They need to refund the guy who got hacked, and leave the trades as they are.

Except that is impossible.

550k BTC was stolen.

Noone but the original seller have that amount. What do you expect mtgox to do? Become the first fractional reserve exchange?

SgtSpike

legendary

Activity: 1400

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No, trades should not be cancelled.

MtGox screwed up with their security. They need to refund the guy who got hacked, and leave the trades as they are.

ribuck

donator

Activity: 826

Merit: 1060

Quote from: bcpokey on June 19, 2011, 03:33:12 PM

Gah, this is when having a gf is bothersome, missed out on some amazing happening apparently?

Gah, this is when having BTC is bothersome, missed out on some amazing GF apparently.

bcpokey

hero member

Activity: 602

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Gah, this is when having a gf is bothersome, missed out on some amazing happening apparently?

Zerbie

member

Activity: 72

Merit: 10

I bet the hacker was trying to push the price down to $.01 so he could cash out as much BTC as possible. Tux mentions $1000 worth of BTC... but at what price? If it was $.01, then the hacker could have walked away with 100k BTC.

dinzy

full member

Activity: 140

Merit: 100

Quote from: Jack of Diamonds on June 19, 2011, 03:15:19 PM

Well, it was too good to be true. Thought I really made $250,000 in 1 day by amazing luck.

Understandable decision though, looking forward to seeing the market open again.

Great attitude Man. I was a little conflicted myself, though not half a house worth.

Nilarium

member

Activity: 84

Merit: 10

Quote from: Jack of Diamonds on June 19, 2011, 03:15:19 PM

Well, it was too good to be true. Thought I really made $250,000 in 1 day by amazing luck.

Understandable decision though, looking forward to seeing the market open again.

after total sell u could withdraw ur btw to ur wallet.
PROFITTTTTTTTTTTTTTTTTTTTTTT

Jack of Diamonds

sr. member

Activity: 252

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Well, it was too good to be true. Thought I really made $250,000 in 1 day by amazing luck.

Understandable decision though, looking forward to seeing the market open again.

jme621

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Activity: 360

Merit: 250

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.

0 People found this helpful - Me too!

Lumpy

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Activity: 237

Merit: 100

Quote

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.

https://support.mtgox.com/entries/20208066-huge-bitcoin-sell-off-due-to-a-compromised-account-rollback

dserrano5

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Quote from: Maged on June 19, 2011, 03:01:38 PM

There will be a full revert. MagicalTux will have a statement shortly.

Thanks for the info. How do you obtained it?

Maged

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There will be a full revert. MagicalTux will have a statement shortly.

chungenhung

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i can't even access mtgox now, site is down

hugolp

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Radix-The Decentralized Finance Protocol

The trolls are at full swing with this.

foggyb

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Please. The SEC together with the Feds has been deregulating for years. This is why the housing market bubbled.

Edward50

hero member

Activity: 602

Merit: 500

Bitcoin is totally unregulated and there will be no enforcement. If people tried to make the few exchanges regulate the market, I will just open an unregulated exchange. While those other exchanges stop trading because the price got too low, guess what. Come to my exchange and sell at what ever price you want, because I will be making commssion.

So nope buddy, no regulation will ever happen. And thankfully so. Now I know why we have so many stupid laws and regulations in the US, from people like you who want everything regulated. This includes speed limits on highways.

demonofelru

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Activity: 238

Merit: 100

Quote from: pennytrader on June 19, 2011, 01:57:32 PM

SEC would have done that for the flash crash...

People don't want anything regulated this is what that looks like.

dinzy

full member

Activity: 140

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It's the only way to really unload a ton of BTC on such small market. I just wish I had less modest bids in queue to take advantage of it

pennytrader

sr. member

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SEC would have done that for the flash crash...

Topic: trade should be cancelled (Read 2288 times)