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Title: trade should be cancelled Post by: pennytrader on June 19, 2011, 05:57:32 PM SEC would have done that for the flash crash... :)
Title: Re: trade should be cancelled Post by: dinzy on June 19, 2011, 06:24:05 PM 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
Title: Re: trade should be cancelled Post by: demonofelru on June 19, 2011, 06:27:50 PM SEC would have done that for the flash crash... :) People don't want anything regulated this is what that looks like. Title: Re: trade should be cancelled Post by: Edward50 on June 19, 2011, 06:38:38 PM 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. Title: Re: trade should be cancelled Post by: foggyb on June 19, 2011, 06:40:03 PM Please. The SEC together with the Feds has been deregulating for years. This is why the housing market bubbled.
Title: Re: trade should be cancelled Post by: hugolp on June 19, 2011, 06:41:54 PM The trolls are at full swing with this.
Title: Re: trade should be cancelled Post by: chungenhung on June 19, 2011, 06:50:50 PM i can't even access mtgox now, site is down
Title: Re: trade should be cancelled Post by: Maged on June 19, 2011, 07:01:38 PM There will be a full revert. MagicalTux will have a statement shortly.
Title: Re: trade should be cancelled Post by: dserrano5 on June 19, 2011, 07:04:20 PM There will be a full revert. MagicalTux will have a statement shortly. Thanks for the info. How do you obtained it? Title: Re: trade should be cancelled Post by: Lumpy on June 19, 2011, 07:10:50 PM 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 $1000 worth of coins. Apart from this no account was compromised, and nothing was lost. Due to the large impact this had on the Bitcoin market, we will rollback every trade which happened since the big sale, and ensure this account is secure before opening access again. https://support.mtgox.com/entries/20208066-huge-bitcoin-sell-off-due-to-a-compromised-account-rollback Title: Re: trade should be cancelled Post by: jme621 on June 19, 2011, 07:11:46 PM Huge Bitcoin sell off due to a compromised account - rollback
Mark Karpeles posted this on Jun-20 04:07 The bitcoin will be back to around 17.5$/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! Title: Re: trade should be cancelled Post by: Jack of Diamonds on June 19, 2011, 07:15:19 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. Title: Re: trade should be cancelled Post by: Nilarium on June 19, 2011, 07:20:47 PM Well, it was too good to be true. Thought I really made $250,000 in 1 day by amazing luck. after total sell u could withdraw ur btw to ur wallet.Understandable decision though, looking forward to seeing the market open again. PROFITTTTTTTTTTTTTTTTTTTTTTT Title: Re: trade should be cancelled Post by: dinzy on June 19, 2011, 07:20:47 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. :) Title: Re: trade should be cancelled Post by: Zerbie on June 19, 2011, 07:24:09 PM 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.
Title: Re: trade should be cancelled Post by: bcpokey on June 19, 2011, 07:33:12 PM Gah, this is when having a gf is bothersome, missed out on some amazing happening apparently?
Title: Re: trade should be cancelled Post by: ribuck on June 19, 2011, 09:36:58 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. Title: Re: trade should be cancelled Post by: SgtSpike on June 19, 2011, 09:59:43 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. Title: Re: trade should be cancelled Post by: speeder on June 19, 2011, 10:03:56 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? |