why does mt gox care about one user - page 3.

DamienBlack

jr. member

Activity: 56

Merit: 1

Quote from: unk on June 20, 2011, 12:26:46 AM

Quote from: DamienBlack on June 20, 2011, 12:22:58 AM

The market crashed to $.01. This is a little bit more than "one person getting hacked". It cause chaos and confusion for many traders and bots trying to follow the moment that was effectively a glitch in the system.

that could all have happened if the legitimate owner of the account that was allegedly hacked decided to sell everything at once. would you advocate for a 'rollback' then?

No. Would you advocate a rollback if it was a system glitch, or a typo?

unk

member

Activity: 84

Merit: 10

Quote from: DamienBlack on June 20, 2011, 12:22:58 AM

The market crashed to $.01. This is a little bit more than "one person getting hacked". It cause chaos and confusion for many traders and bots trying to follow the moment that was effectively a glitch in the system.

that could all have happened if the legitimate owner of the account that was allegedly hacked decided to sell everything at once. would you advocate for a 'rollback' then?

bitbot

member

Activity: 70

Merit: 10

I thought it was fun and from what I understand only one account was selling off a huge amount

dana.powers

newbie

Activity: 21

Merit: 0

the entire mtgox user database was compromised. it is very likely that the attackers had their choice of accounts and found the one with the largest balance.

DamienBlack

jr. member

Activity: 56

Merit: 1

The market crashed to $.01. This is a little bit more than "one person getting hacked". It cause chaos and confusion for many traders and bots trying to follow the moment that was effectively a glitch in the system.

bitbot

member

Activity: 70

Merit: 10

if I read the report right, one account was compromised and the selling of those coins was what cause the crash
why should mtgox revert everything because one guy was dumb enough to get his account stolen? or is there another story behind all of this. is this going to happen every time some hoarder gets taken advantage of-everyone else having to throw away a hard days work of bit-trading? isn't the action that mtgox is taking essentially the opposite of what bitcoin stands for? I understand there is concern for the overall security of the exchange but they can't just bend over every time a hacker sells some coins

Topic: why does mt gox care about one user - page 3. (Read 5233 times)