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Author Topic: trade should be cancelled  (Read 2078 times)
pennytrader
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June 19, 2011, 05:57:32 PM
 #1

SEC would have done that for the flash crash...  Smiley

please donate to 1P3m2resGCP2o2sFX324DP1mfqHgGPA8BL
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dinzy
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June 19, 2011, 06:24:05 PM
 #2

It's the only way to really unload a ton of BTC on such small market.  I just wish I had less modest bids in queue to take advantage of it
demonofelru
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June 19, 2011, 06:27:50 PM
 #3

SEC would have done that for the flash crash...  Smiley

People don't want anything regulated this is what that looks like. 

Names do not matter; however, if you insist...id...
Edward50
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June 19, 2011, 06:38:38 PM
 #4

Bitcoin is totally unregulated and there will be no enforcement. If people tried to make the few exchanges regulate the market, I will just open an unregulated exchange. While those other exchanges stop trading because the price got too low, guess what.  Come to my exchange and sell at what ever price you want, because I will be making commssion.

So nope buddy, no regulation will ever happen. And thankfully so. Now I know why we have so many stupid laws and regulations in the US, from people like you who want everything regulated. This includes speed limits on highways.

Empty your mind, be formless, shapeless — like water. Now you put water in a cup, it becomes the cup; You put water into a bottle it becomes the bottle; You put it in a teapot it becomes the teapot. Now water can flow or it can crash. Be water, my friend.
foggyb
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June 19, 2011, 06:40:03 PM
 #5

Please. The SEC together with the Feds has been deregulating for years. This is why the housing market bubbled.
hugolp
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June 19, 2011, 06:41:54 PM
 #6

The trolls are at full swing with this.
chungenhung
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June 19, 2011, 06:50:50 PM
 #7

i can't even access mtgox now, site is down

Trading MtGox USD for Dwolla/ACH deposit/Chase cash deposit
https://bitcointalk.org/index.php?topic=90115.0
Buy/Sell Call/Put Bitcoin options https://bitcointalk.org/index.php?topic=99853.0
Maged
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June 19, 2011, 07:01:38 PM
 #8

There will be a full revert. MagicalTux will have a statement shortly.

dserrano5
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June 19, 2011, 07:04:20 PM
 #9

There will be a full revert. MagicalTux will have a statement shortly.

Thanks for the info. How do you obtained it?

Lumpy
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June 19, 2011, 07:10:50 PM
 #10

Quote
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.

https://support.mtgox.com/entries/20208066-huge-bitcoin-sell-off-due-to-a-compromised-account-rollback
jme621
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June 19, 2011, 07:11:46 PM
 #11

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.

0 People found this helpful - Me too!

Jack of Diamonds
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June 19, 2011, 07:15:19 PM
 #12

Well, it was too good to be true. Thought I really made $250,000 in 1 day by amazing luck.

Understandable decision though, looking forward to seeing the market open again.

1f3gHNoBodYw1LLs3ndY0UanYB1tC0lnsBec4USeYoU9AREaCH34PBeGgAR67fx
Nilarium
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June 19, 2011, 07:20:47 PM
 #13

Well, it was too good to be true. Thought I really made $250,000 in 1 day by amazing luck.

Understandable decision though, looking forward to seeing the market open again.
after total sell u could withdraw ur btw to ur wallet.
PROFITTTTTTTTTTTTTTTTTTTTTTT

dinzy
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Fuck Intel!


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June 19, 2011, 07:20:47 PM
 #14

Well, it was too good to be true. Thought I really made $250,000 in 1 day by amazing luck.

Understandable decision though, looking forward to seeing the market open again.

Great attitude Man.  I was a little conflicted myself, though not half a house worth.  Smiley
Zerbie
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June 19, 2011, 07:24:09 PM
 #15

I bet the hacker was trying to push the price down to $.01 so he could cash out as much BTC as possible.  Tux mentions $1000 worth of BTC... but at what price?  If it was $.01, then the hacker could have walked away with 100k BTC.
bcpokey
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June 19, 2011, 07:33:12 PM
 #16

Gah, this is when having a gf is bothersome, missed out on some amazing happening apparently?
ribuck
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June 19, 2011, 09:36:58 PM
 #17

Gah, this is when having a gf is bothersome, missed out on some amazing happening apparently?

Gah, this is when having BTC is bothersome, missed out on some amazing GF apparently.
SgtSpike
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June 19, 2011, 09:59:43 PM
 #18

No, trades should not be cancelled.

MtGox screwed up with their security.  They need to refund the guy who got hacked, and leave the trades as they are.
speeder
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June 19, 2011, 10:03:56 PM
 #19

No, trades should not be cancelled.

MtGox screwed up with their security.  They need to refund the guy who got hacked, and leave the trades as they are.

Except that is impossible.

550k BTC was stolen.

Noone but the original seller have that amount. What do you expect mtgox to do? Become the first fractional reserve exchange?

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