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1  Other / Beginners & Help / How does one reverse a transaction? on: June 20, 2011, 10:09:59 PM
I checked the wiki, but not much detail on how one goes about reversing a transaction after its made.

News reports that mt.gox reversed all its transactions, how is this accomplished?

I thought bitcoins was send and receive only, not sure how you "cancel" a transaction after its sent out.
Couldnt this be used for fraud?

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