The hacked email list was publicly released. Anyone could've sent that virus.
I understand that, but this was sent before the database was leaked. Meaning, this person had to know who had the database and who could have hacked mtgox. No is wasn't. I got the email after I got the database. |
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Do you think this hacker cares?
He's kicking back and laughing at the fake currency he stole and got paid thousands for which will in all likelihood keep him a nice lifestyle for at least a decade.
The hacker didn't really get away with that much... less then $1000 worth. |
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They only changed hands in mt gox's internal server. Mt gox still has all the bitcoins. When you make a mt gox trade it is only "on paper" until you withdraw. I don't think many people withdrew that much before mt gox locked up.
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Are you crazy? They take .65% commission from every trade. Why? So they can afford crap like this.
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when a hacker steals my 20 bitcoins I want the entire market frozen and every order to be reversed until I am satisfied
If it is only 20, then I'm sure they will just cover the loss themselves. |
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2:00 AM Tuesday? That's a bummer, but I thought their timeline was off. Good news with the back-end, maybe it won't freeze out all the buyers next time there is a big movement.
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The trades are getting rolled back. Everything was internal to mt gox. Nothing about the whole deal was broadcast to the bitcoin network.
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I think one thread is enough. Please stop spamming the forums.
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After the sell of mt gox was still functioning for a while. The price was fluctuating pretty wildly, but it was around $12 to $16. At trade hill, the prices were around $14 before they paused.
Once everything gets back online, there might be a panic sell, cause the price to plummet. But since bitcoins are the easiest way to get from mt gox to tradehill, there might be a panic buy as well.
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It appears that someone who performs audits on our system and had read-only access to our database had their computer compromised. This allowed for someone to pull our database. The site was not compromised with a SQL injection as many are reporting, so in effect the site was not hacked.
...
Two months ago we migrated from MD5 hashing to freeBSD MD5 salted hashing. The unsalted user accounts in the wild are ones that haven't been accessed in over 2 months and are considered idle. Once we are back up we will have implemented SHA-512 multi-iteration salted hashing and all users will be required to update to a new strong password.
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Just so everyone is clear, this is a virus.
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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? a typo made by a user? no a glitch in the mechanics of the exchange? yes I don't see the distinction between this and a glitch. This is behavior that was not supposed to happen. I was a very complicated glitch the used some actual people on the way, but a glitch none the less. |
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THERE'S MORE TO THE MTGOX STORY! Bitcoin World Exclusive: MORE Breaking News Revealed, LIVE 2pm ET Monday. http://t.co/i7sgc7CIf you want anyone to click you should not use address shorteners. |
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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
I started out supporting the rollback and almost changed my mind; Want to try to help me answer any of these? ...why should mtgox revert everything...1) Buyers were not able to place new bids during the meltdown, so it was unfair to all of those people. The whole thing could be called a computer glitch, and in those cases sometimes "real exchanges" do roll-back trades. 2) The big account smells very fishy. Why would anyone have such a huge amount of coins in an online account. You obviously cannot sell them all at once, unless you are setting up to intentionally crash the market, correct? 3) (Not an accusation, just a question) Maybe MtGox is really run by enemies of BTC?What do you think? 1) Some buyers report that they were. I'm not sure if I believe them since I could not, but indeed, it seems that the whole system locked up with such an unusual request. 2) I don't think the account was as big as it seems. I think a lot of panic sellers and bots joined the selling frenzy as they hit stop-loss amounts. But there was the 260K+ bitcoins at the end for .01, that must have been from the hacked account. Still a lot. It is very curious. 3) No, quit being silly |
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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? |
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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.
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Apparently Mt Gox was not hacked through SQL injection.
"It appears that someone who performs audits on our system and had read-only access to our database had their computer compromised. This allowed for someone to pull our database. The site was not compromised with a SQL injection as many are reporting, so in effect the site was not hacked."
So it was not website insecurity, but poor practices.
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Average bet so far $14.19
That actually sound about right. I wouldn't be surprised if it were one of the closest. |
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18.20  An optimist. Bravo. |
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I agree. If we survive this, and I think we will, we will be able to wholeheartedly laugh at all the doom criers. How could it get worse then what we've allready gotten through.
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