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Topic: Volumes gone? (Read 5300 times)

newbie
Activity: 14
Merit: 0
June 21, 2011, 05:02:22 PM
#47
Interesting point. Did anyone look for such a transfer(s) in the block chain?
member
Activity: 92
Merit: 10
NEURAL.CLUB - FIRST SOCIAL ARTIFICIAL INTELLIGENCE
June 20, 2011, 11:10:32 AM
#46
Well, this is sort of good news  Cheesy It proves that despite the limited resources, MagicalTux stays on top of things.
I wonder what happens to the $1000 the rightful account owner lost. Will he be reimbursed by MtGox?

It may not be as simple as this, if the maximum transfer is limited to $1000 and the price of bitcoins was down to $0.01, doesn't that mean you can send out 100,000 bitcoins?  Which under normal markets would be worth $1M-$2M?
newbie
Activity: 14
Merit: 0
June 19, 2011, 06:43:07 PM
#45
I meant limited human resources  Wink (one guy...) maybe part of the $300k (or whatever the amount is) can be used for better security?
sr. member
Activity: 350
Merit: 250
June 19, 2011, 03:59:32 PM
#44
Will it be refunded or not, depends on details of the huck.
But it is powerfull blow to MtGox rep. I am even thinking about dirty competition trick.
Well, i am always full with shitty ideas.
newbie
Activity: 19
Merit: 0
June 19, 2011, 03:36:50 PM
#43
Well, this is sort of good news  Cheesy It proves that despite the limited resources, MagicalTux stays on top of things.
I wonder what happens to the $1000 the rightful account owner lost. Will he be reimbursed by MtGox?

Limited resources? By my math MagicalTux made ~$300k in the past month.
newbie
Activity: 14
Merit: 0
June 19, 2011, 03:33:49 PM
#42
Well, this is sort of good news  Cheesy It proves that despite the limited resources, MagicalTux stays on top of things.
I wonder what happens to the $1000 the rightful account owner lost. Will he be reimbursed by MtGox?
newbie
Activity: 27
Merit: 0
June 19, 2011, 03:31:27 PM
#41
https://support.mtgox.com/entries/20208066-huge-bitcoin-sell-off-due-to-a-compromised-account-rollback

Finaly - at least some statement.
Well at least this not catastrophic scenario.
Do you think the price will be <12$ when it comes back up?
legendary
Activity: 1022
Merit: 1001
June 19, 2011, 03:17:41 PM
#40
sr. member
Activity: 350
Merit: 250
June 19, 2011, 03:11:45 PM
#39
https://support.mtgox.com/entries/20208066-huge-bitcoin-sell-off-due-to-a-compromised-account-rollback

Finaly - at least some statement.
Well at least this not catastrophic scenario.
newbie
Activity: 14
Merit: 0
June 19, 2011, 02:48:08 PM
#38
Maybe Satoshi just unloaded his wallet just to see what happens?
newbie
Activity: 19
Merit: 0
June 19, 2011, 02:45:31 PM
#37
TradeHill seems to be touch and go at the moment as well. Probably just load issues though.
newbie
Activity: 14
Merit: 0
June 19, 2011, 02:39:37 PM
#36
Well, at least we know  Grin he's working on it.
A couple more incidents like this, and both MtGox and Bitcoin will go down in flames  Cry

I wonder how much negative media coverage this incident will get tomorrow...
newbie
Activity: 19
Merit: 0
June 19, 2011, 02:39:10 PM
#35
I don't think anyone has enough btc, legit or stolen, to do this all on their own. Maybe someone had enough to crash through the stop loss prices of some of the bigger algo traders? Mostly just speculation at this point.
full member
Activity: 238
Merit: 100
June 19, 2011, 02:32:15 PM
#34
Maybe MagicalTux took it down to analyze the situation and prevent future issues (technical/psychological etc.)

Most likely that is what happened IMO.
newbie
Activity: 14
Merit: 0
June 19, 2011, 02:30:16 PM
#33
Maybe MagicalTux took it down to analyze the situation and prevent future issues (technical/psychological etc.)
newbie
Activity: 19
Merit: 0
June 19, 2011, 02:28:24 PM
#32
I placed half a dozen orders between .01 and 13. Naturally, Mt.Gox processes only the buy at 13.  Roll Eyes

For 1.2% a trade I expect the infrastructure not to suck quite so bad.

Tommy just sold a half a million Bitcoins!


Looks like Mt.Gox is now down.
newbie
Activity: 14
Merit: 0
June 19, 2011, 02:27:40 PM
#31
Right now, MtGox seems to be down... Was it hacked, is there a rush on account checking or is this a DDos related to the ton of bitcoin that were unloaded earlier?
full member
Activity: 238
Merit: 100
June 19, 2011, 02:26:33 PM
#30
Why don't you all check your MtGox accounts and report back?

I would but it's down at least for me.
newbie
Activity: 14
Merit: 0
June 19, 2011, 02:23:46 PM
#29
Why don't you all check your MtGox accounts and report back?
sr. member
Activity: 350
Merit: 250
June 19, 2011, 02:21:38 PM
#28
We know some rude guesses on this matter, and no one of this guesses is not anyhow good.
Some of them just catastrophic, other not so catastrophic, but still not pleasant.
Well, lets see how it will be - very bad or just bad.
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