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Author Topic: Volumes gone?  (Read 4903 times)
warsmith
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June 19, 2011, 07:31:27 PM
 #41

https://support.mtgox.com/entries/20208066-huge-bitcoin-sell-off-due-to-a-compromised-account-rollback

Finaly - at least some statement.
Well at least this not catastrophic scenario.
Do you think the price will be <12$ when it comes back up?
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frutza
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June 19, 2011, 07:33:49 PM
 #42

Well, this is sort of good news  Cheesy It proves that despite the limited resources, MagicalTux stays on top of things.
I wonder what happens to the $1000 the rightful account owner lost. Will he be reimbursed by MtGox?
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June 19, 2011, 07:36:50 PM
 #43

Well, this is sort of good news  Cheesy It proves that despite the limited resources, MagicalTux stays on top of things.
I wonder what happens to the $1000 the rightful account owner lost. Will he be reimbursed by MtGox?

Limited resources? By my math MagicalTux made ~$300k in the past month.
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June 19, 2011, 07:59:32 PM
 #44

Will it be refunded or not, depends on details of the huck.
But it is powerfull blow to MtGox rep. I am even thinking about dirty competition trick.
Well, i am always full with shitty ideas.

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frutza
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June 19, 2011, 10:43:07 PM
 #45

I meant limited human resources  Wink (one guy...) maybe part of the $300k (or whatever the amount is) can be used for better security?
Gameover
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June 20, 2011, 03:10:32 PM
 #46

Well, this is sort of good news  Cheesy It proves that despite the limited resources, MagicalTux stays on top of things.
I wonder what happens to the $1000 the rightful account owner lost. Will he be reimbursed by MtGox?

It may not be as simple as this, if the maximum transfer is limited to $1000 and the price of bitcoins was down to $0.01, doesn't that mean you can send out 100,000 bitcoins?  Which under normal markets would be worth $1M-$2M?
frutza
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June 21, 2011, 09:02:22 PM
 #47

Interesting point. Did anyone look for such a transfer(s) in the block chain?
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