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Author Topic: MtGox Account got Hacked Today  (Read 2813 times)
Alex Beckenham
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June 14, 2011, 01:16:27 AM
 #21

I don't really know why I'm posting this, but my Mt. Gox account got hacked today, lost 8K USD, absolutely devastated, as it was my money for college. Be careful. I assume there's no recourse for this?

Fuck my life. Be careful, people.

How is this possible, when the withdrawal limit is $1000?

Estimated worth of BTC in USD?

Whaaaaaaaaaaaaaaaaaaaat?

I mean, how can someone steal $8000 worth of coins in one day? They could withdraw $1000 of them due to Mt Gox withdrawal limit, then you could contact Mt Gox admin to retrieve the remaining $7000 worth in the theif's account.

The limit is for dwolla/lr/euro withdrawals, I guess. You can take out as many bitcoins as you want at any time.

Not true. Bitcoin withdrawals are also subject to the 1000USD daily value limit.

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jbmiller10 (OP)
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June 14, 2011, 01:18:24 AM
Last edit: June 14, 2011, 01:32:22 AM by jbmiller10
 #22

I don't really know why I'm posting this, but my Mt. Gox account got hacked today, lost 8K USD, absolutely devastated, as it was my money for college. Be careful. I assume there's no recourse for this?

Fuck my life. Be careful, people.

How is this possible, when the withdrawal limit is $1000?

Estimated worth of BTC in USD?

Whaaaaaaaaaaaaaaaaaaaat?

I mean, how can someone steal $8000 worth of coins in one day? They could withdraw $1000 of them due to Mt Gox withdrawal limit, then you could contact Mt Gox admin to retrieve the remaining $7000 worth in the theif's account.

The limit is for dwolla/lr/euro withdrawals, I guess. You can take out as many bitcoins as you want at any time.

Not true. Bitcoin withdrawals are also subject to the 1000USD daily value limit.

How did this happen then? Mt.Gox --> Mt. Gox transfer in BTC? It was withdrawn to bitcoin addresses.

He did use several bitcoin addresses, does that have something to do with it? According to the timestamps, this all happened in about an hour, total.

I go by threestar most places.
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Xiong Zhuang
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June 14, 2011, 01:30:55 AM
 #23

My account was hacked last week and lost $43, I have to admit my password is week, but I think mtgox should lock one's account after five fail signing in and force to reset your password from email.
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June 14, 2011, 01:37:21 AM
 #24

i agree, something more needs to be done considering many people prob now have more money in there than their real life bank accounts but with less security...  Huh

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June 14, 2011, 01:40:06 AM
 #25

I'm curious how they got around the safeguards built into the system. 1K a day isn't all that much.

What did the admin say about this, they should be able to show you an audit trail of where everything went.
botnet
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June 14, 2011, 01:52:17 AM
 #26

Did they withdraw in USD or have the BTC transferred?

Did you use the same password in one of the mining pools?  If so which one? Smiley
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June 14, 2011, 01:58:03 AM
 #27

Did they withdraw in USD or have the BTC transferred?

Did you use the same password in one of the mining pools?  If so which one? Smiley


jbmiller10 (OP)
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June 14, 2011, 02:23:15 AM
 #28

I truly wasn't asking for this---really. Some random benefactor just sent me all that I lost. I don't know who you are, but you've helped me out more than you know. Thank you so much. The Bitcoin community is like no other.

Thank you, so much. I really don't know what to say. I hope to someday know be able to thank you personally. I wasn't asking for this, but I appreciate it so much.

And use complex passwords, everyone, and don't use them on other websites. Really.

I go by threestar most places.
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