Arresting people serves a purpose.  So that they can post or be denied bail.  In this situation the risk for damage should encourage a judge to deny bail.  The total amount of potential hardship that he can inflict is in the 10m+ dollar range.   If he is allowed bail, all of your money is at risk.  At this point all hardware associated with MtGox should be seized and he should be confined to prison until trial.

People who believe that MtGox should set the rules and become law are delusional religious crackheads.

Your reasoning skills are evidently subpar, especially considering your reliance of informal fallacies and irrelevant peculiarities as bases of your deduction.
Obviously it is a waste of time to discuss with you, but for the record I have a substantial amount of bitcoins and dollars in MtGox.

I deeply trusted its management. I appreciate the fast reactiveness to the damage.
What I don't appreciate is the shortsightedness.
What I really strongly hate is that they are trying to wash their hands from it, at all costs.

And the series of lies after lies after lies after lies:
1) Denying any hacking involved, therefore they aren't liable. (check their official statement at mtgox.com)
2) When the evidence was overwhelming, they tried to "outsource" the responsible (the so called "auditor"), therefore they aren't responsible. (well, never showed proof of it either)
3) They say they the discovered CSRF weren't never used, therefore they aren't liable. (check the support emails they reply  to those who report CSRF exploits)

and now... the best of all of them
4) Hacking is Force Majeure, therefore they are exonerated from any responsability.
(an argument that is very amateurish. It is not Force Majeure, it is not your definition in your ToS what matters, it is the law what matters. If that is your defense, really, your lawyer is no better than Lionel Hutz.


Be fucking honest: what the hell really happened behind the screens?
How deep was the system compromised?
What exploit were used?
How many accounts were compromised?
What have you learned from it?
What measures have you taken to not allow it to happen again?

Stop the lies, be honest Mark.
What the hell happened, earn our trust back.

PS: to the guy askigg about the damage, are you kidding? Leaking the userbase is not something we can just let it pass.
A lot of people, people who were early adopters lost their bitcoins because of the leak, because they reuse it in other sites. (40/60 fault. 40% fault of the user for weak password, and 60% MtGox because for LAME security and Because HE SHOULD KNOW BETTER).
Also all of the 60K users now have their private emails publicized and now are definitely gonna be in the lists of spammers and scammers. More than one fell into the spoofed phishing attempt. Spammers know that everyone in the list have deep interests in libertarian ideals, digital currencies, heavy computer users, miners, programmers, geeks, nerds, enthusiasts, etc... It is a great profile to market.

Was Sony banking cards scandal a leak or "just data stolen" from poor poor Sony?

Even Reuters calls Sony heist "data leak", and the situation seem similar - someone hacked in and stolen the database - but perhaps they don't know shit, or perhaps this situation is totally different.

So sure - please explain to us this difference - why you say mtgox users database getting into Internet was not a data leak. perhaps I'm wrong.

http://www.reuters.com/article/2011/04/28/us-sony-stock-idUSTRE73R0A420110428

People got a taste of how awesome low prices could be and are trying to start a panic. I'm all for cashing in on low prices, I'll definitely be buying if there is a sell off at my gox, but I don't see the point in damaging the whole community in an attempt to create artificial low prices.

1) you are pathetic (at least in this posts above) - for the reasons that follow:
2) you made ad ad hominem attack - actually it was all that your post was
3) you imply that person must be stupid because he just joined our community. This is a fallacy. How you know how long he used BTC overall (even if that mattered) - or better, how knowledgeable he is in business/finances/trading/law?
If Benjamin Franklin would join some local group of people talking about a politics, would you also imply he doesn't know shit, just because he just-joined?
4) "you had no money on the line in bitcoin" - how the hell do you know that?
5) you say that if he has no money on the line then he should not speak. Then what, if soliders would be murdering people in country X then you should not say anything bad (or good) about it unless you have family in country X?

Seriously.


EDITED:
Sure but his motives are not relevant to his opinion how law would work here. Just the law matters no matter who quotes it.

Sure but his motives are not relevant to his opinion how law would work here.

- I think MagicalTux is doing a good job.

Im happy that he is still there and i can use his tradingplattform. If i dont want to use it anymore a can go.

Im afraid that people here cry so loud agains MagicalTux that he just could say - kiss my as. And then we 'really see sakoshi running with our money'.

So, in the end. Who needs the other more? The Chicken or the Egg?

If MagicalTux runns awai now becauce of you - that would be a scandal. For bitcoin itself !!!

This hackerthing 2 days ago? Well, in the kitchen there is heat. Shit happens. I could get some 100 coins at a good price because i was solvent at the crash. Now comes a rollback. OK. Why not. Its just fair. Lets trade regular again. Im not afraid of it and i dont need stolen coins.


http://forum.bitcoin.org/index.php?topic=20563.0

If MagicalTux runns awai now becauce of you - that would be a scandal. For bitcoin itself !!!

Your ad hominem attack is proving that even a new member of forum can say more correct and informative things that "hero member" as you.

I am speechless.

Can you just use your brain instead of becoming a conspiranoid?
I am striking both stupid users and mtgox.
Boths have their faults, but if you read my thread it is more than evident that MtGox is lying in front of our faces.

Something really embarrasing must have happened that they are trying to cover it with childish and unsustainable lies.
There is a very clear trend here: from denying any hacking happening in the site, from claiming that there wasn't any CSRF exploit "logged" (ORLY do they get logged?), and now their lousy attempt of using legal terminologies improperly trying to to exonerate themselves from any kind of liabilities.

You, sir, are responsible for the security and stability of the site.
You can't escape from that reponsability.
You are responsible for the stability of the site.
We trusted you with our money.
You are deepening the insult of your incompetence covering lies with more lies.

You-are-pathetic

For Force Majeure requires three conditions:

1) Externality: you must not be related to the event.
We don't know. You've been lying to us from the very beginning. You claimed that was only one account holding 500,000 BTC?
Show us the anonymous transaction blocks that prove this account existed. Maybe it is your account and you don't want to admit it?
Anyway, lets assume for the example that genuinely you are not related. You might pass here.

2) Unpredictability: The attacks must have not be foreseen.
If you knew you had a vulnerability and didn't fix it (for whatever reason) you are totally culpable.
You knew your site was vulnerable. You probably were sleeping like a baby every night: waking up every three hours.
You allowed the access of this "auditor" with "read only" privileges, YOU KNOW THE RISKS OF ALLOWING A THIRD PARTY TO YOUR BACKEND, DON'T YOU?
YOU KNOW THE RISKS OF HASHING WITH MD5, DON'T YOU?
YOU KNOW THE RISKS OF NOT FILTERING OUT WEAK PASSWORDS, ISN'T THAT STANDARD PROCEDURE?
You were receiving floods of emails about several exploits and vulnerabilities in your site.
Don't fuck with us, your lies are unsustainable. You fail miserably in this condition.

3) Irresistibility: basically proving that it wasn't preventable.
Any 18 years old experienced with programming would know how to prevent half of the vulnerabilities of your site.
I would have started by not using MD5 to hash the passwords and having a very simple Javascript filtering weak passwords.
Lets not talk about the potential casualties from the explotation of CSRF vulnerabilities.
The site had more holes than Swiss cheese.
90% of this damage was preventable? YES, IT WAS.

Not haters. We are lovers who became disappointed.
"Acts of God" are unpredictable, unforseeable, uncontrollable events that escapes our power to counter it, foresee it and/or prevent it.
The best example are when there is a blizzard and a plane can't take off: THAT'S FORCE MAJEURE, AKA. ACTS OF GOD there isn't anything in the power of the airline to prevent or stop a blizzard.
In those cases you can't do anything, and you aren't entitled to any compensation from the airline (no hotel, upgrades, no shit)
(But if it was forecasted blizzard but the airline forgot changing the schedule, it isn't Force Majeure anymore, it become negligence)

If the plane blows a tire and there is no spare left, even if in the maintenance log clearly stated that needed one.
THAT IS NOT FORCE MAJEURE. (Analogy: YOU KNEW YOU HAD BUGS, YOUR EMAIL WAS BEING FLOODED WITH MAILS REGARDING TO THE EXPLOITS)
In those cases you usually get a hotel night free, amenities, and even upgrades to first class.

If the airport didn't take enough measures to prevent a terror attack and failed in implementing basic security protocols, THAT IS NOT FORCE MAJEURE: THAT'S NEGLIGENCE.
In these cases you usually get millionaire compensations from the airlines.

Stop trying to save your neck, because your head is way into your ass.
YOU ARE WORSE THAN DISAPPOINTING: WITH THIS STUPID AND LOUSY ATTEMPT YOU BECAME PATHETIC.

PS: By the way, if you cited Force Majeure because it was suggested by your lawyer, I suggest firing him. Now thinking of it, better keep him, so we can butt rape you in court.

Before the crash he knew he couldnt move alot of BTC since the value was around $17.50 so by the $1000 limit he would only be able to withdraw ~57 BTC so he must have thought if he crash the market the price adjusted down to 0.01 then he could withdraw 100 000, he was wrong.

If he could get 100k out and wait around till everything subside in a couple of months(or even trade it on a lowdown black market) he could get away with the real value whatever it is at that time.

Again this is my personal opinion.

And placed a buy order at 0.01 USD per btc.

I for one am not convinced that allinvains theft is not a hoax.