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Author Topic: Was the price raise in November mainly driven by the MtGox hackers?  (Read 1080 times)
fairlay (OP)
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August 19, 2014, 03:51:23 PM
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Latest investigations on the MtGox case suggest that hackers found a possibility to create new accounts with a fake (fiat) balance. They used this to buy Bitcoin and withdraw them. This buys could have been the main reason for the price raise last November. We have just written a blog post on it with more details: http://blog.fairlay.com/2014/08/connecting-the-dots-a-possible-connection-between-the-raise-in-november-mtgox-disaster-and-recent-price-drop/

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Mobius
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August 20, 2014, 03:29:19 AM
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IMO this is the same kind of conspiracy theory that the willie bot is about. There is really no credibility to these kinds of claims. I do enjoy reading about a good conspiracy every now and then but it needs to have at least some level of evidence behind it.
TheIrishman
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August 20, 2014, 05:07:13 AM
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Prices rose because North Korea's Glorious Leader King Kong Kung Fu bought a lot of BTC.
Willisius
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August 20, 2014, 05:09:35 AM
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No, I think it was mainly driven by willie.
SomethingElse
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August 20, 2014, 05:16:04 AM
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It was Willie.  It was an inside job.

NEM
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August 20, 2014, 05:43:23 AM
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Wasn't btcchina leading the price rise in nov ?

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frankh13
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August 20, 2014, 02:54:43 PM
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Latest investigations on the MtGox case suggest that hackers found a possibility to create new accounts with a fake (fiat) balance. They used this to buy Bitcoin and withdraw them. This buys could have been the main reason for the price raise last November. We have just written a blog post on it with more details: http://blog.fairlay.com/2014/08/connecting-the-dots-a-possible-connection-between-the-raise-in-november-mtgox-disaster-and-recent-price-drop/

Sorry, but it's delirium. If hackers can to do it, why they doesn't do fictional fiat wallets? Why only btc interested??
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