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Author Topic: Someone cashed out on mtgox - price from $17 to $0.01 in minutes!  (Read 23528 times)
manifold
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June 19, 2011, 06:32:18 PM
 #61

http://blockexplorer.com/address/18T3AFPJ2sTu6ti7gGj5x52uzJNmVFw9y9

maybe someone exploited the websites making everyone sell there coins at 0.01cents and bought them all up
Well that would make the 25.000 BTC theft like a nothing...

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adaman
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June 19, 2011, 06:32:51 PM
 #62

If MtGox was realy hacked where are the people in this threat who screaming "my account was hacked and all my assets are sold for nothing" ? People in the forum seems still to have his MtGox money to try to creat new orders.
jhansen858
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June 19, 2011, 06:33:48 PM
 #63

I can confirm that my emergency buy order @ $10 was filled...Someone dumped all his coins (or a large enough block) to fill sell everyone's buy orders on the entire market.


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June 19, 2011, 06:36:22 PM
 #64

There is nothing illegitimate about an early adopter selling half a million coins[/b][/color]
Yea but what wallet had half a million coins? As far as i know no one
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June 19, 2011, 06:39:50 PM
 #65

I can confirm that my emergency buy order @ $10 was filled...Someone dumped all his coins (or a large enough block) to fill sell everyone's buy orders on the entire market.
well thats good.

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June 19, 2011, 06:41:05 PM
 #66

I can confirm that my emergency buy order @ $10 was filled...Someone dumped all his coins (or a large enough block) to fill sell everyone's buy orders on the entire market.

Obviously it is an attack on bitcoin. Financial attack.

Bitcoin is a young currency based on trust. Attackers try to destroy that trust.
Bazil
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June 19, 2011, 06:45:40 PM
 #67

Too bad I was out to lunch when this crashed happened!  I would have bought like crazy.  I had a grand, but it got filled at 14.5, sigh...

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June 19, 2011, 06:47:10 PM
 #68

Sounds like it was legit orders after all. Someone with lots of btc was hacked.
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June 19, 2011, 06:49:57 PM
 #69

Sounds like it was legit orders after all. Someone with lots of btc was hacked.


That can't be right, if they were hacked, the bitcoins would have been sent out, not sold. It is too hard to get USD out. Mt Gox won't let stolen USD be removed.

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elements
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June 19, 2011, 06:51:22 PM
 #70

Mt Gox site is down.
I wonder if Mt Gox will EVER go online again.

If so, some people will be very lucky,
But I really wonder if those who got many bitcoins for cents - will ever get their money or their bitcoins.

When the crash happend I managed to pull out 80% of my BTC (because obivously there is daily limit - I never heard of before...?)
I wonder if I will ever see the rest...

Let's hope Mt Gox will not default on everyone!!!

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June 19, 2011, 06:53:49 PM
 #71

Too bad I was out to lunch when this crashed happened!  I would have bought like crazy.  I had a grand, but it got filled at 14.5, sigh...
It was not possible to buy during the crash, only old orders were made

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June 19, 2011, 06:58:59 PM
 #72

cool vid of it crashing in real time

http://www.youtube.com/watch?v=T1X6qQt9ONg

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June 19, 2011, 07:10:48 PM
 #73

https://support.mtgox.com/entries/20208066-huge-bitcoin-sell-off-due-to-a-compromised-account-rollback
Gregers
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June 19, 2011, 07:13:16 PM
 #74

Ahahaha! So anyone who was happy to make a profit off of this will have their transactions reversed?
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June 19, 2011, 07:14:19 PM
 #75

but what happens with the 500k btc?  Roll Eyes

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June 19, 2011, 07:14:58 PM
 #76

Ahahaha! So anyone who was happy to make a profit off of this will have their transactions reversed?
seems so, lol
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June 19, 2011, 07:19:50 PM
 #77

Huge Bitcoin sell off due to a compromised account - rollback

Mark Karpeles
posted this on Jun-20 04:07
The bitcoin will be back to around 17.5$/BTC after we rollback all trades that have happened after the huge Bitcoin sale that happened on June 20th near 3:00am (JST).

Service should be back by June 20th 10:00am (JST, 01:00am GMT) with all the trades reversed and accounts available.

One account with a lot of coins was compromised and whoever stole it (using a HK based IP to login) first sold all the coins in there, to buy those again just after, and then tried to withdraw the coins. The $1000/day withdraw limit was active for this account and the hacker could only get out with $1000 worth of coins.

Apart from this no account was compromised, and nothing was lost. Due to the large impact this had on the Bitcoin market, we will rollback every trade which happened since the big sale, and ensure this account is secure before opening access again.

+ + +

So everyone who got cheap bitcoins is basically screwed now!

Lol

Instead they should secure their site already and let it be - I mean what idiot keeps 500.000 BTC in their account at mount gox ? I doubt this was a hack - it obviously was a huge sell-off and everyone who profited from that gets punished now. Thank you!!! (For weeks I had an order buying at 0.01 BTC for a dollar - should a crash happen...now that finally I got a few coins cheap Mt Gox takes it away!)

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June 19, 2011, 07:20:01 PM
 #78

Obvious market manipulation is obvious.

nice timing, sunday afternoon when nobody can get USD into mtgox.

I don't know what's more hilarious. The fact that somebody just gave away most of his BTC for free. Or the fact that so many people actually fell for it.

Man, I love the Wild West!

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June 19, 2011, 07:20:27 PM
 #79

So... keeping calm has once again paid off. I was surprised to see $13 after a constant rise this morning, but I didn't worry. However, I was amazed when I saw that it had dipped to $0.01 in the meantime. But since I couldn't do anything about, I kept my calm. Seems always to be the right move with Bitcoin. Just relax and wait for the medium-term. Wink

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June 19, 2011, 07:22:52 PM
 #80

You seriously have to be a total retard to have 500k btc sitting on mtgox.
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