Bitcoin Forum
December 03, 2016, 09:38:48 AM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: what's going on at Mt.Gox right now?  (Read 1144 times)
blendergasket
Newbie
*
Offline Offline

Activity: 28


View Profile
June 19, 2011, 06:08:44 PM
 #1

Mt. Gox seems really really crazy right now. I told myself I'd buy when it went below 15 and it did (waaaaay below 15 which is really bizarre in itself). I tried to buy and I'm got an error saying: "Another trade is still in progress, please retry in a few seconds" I try back and get the same error. Any idea what's going on over there?
1480757928
Hero Member
*
Offline Offline

Posts: 1480757928

View Profile Personal Message (Offline)

Ignore
1480757928
Reply with quote  #2

1480757928
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1480757928
Hero Member
*
Offline Offline

Posts: 1480757928

View Profile Personal Message (Offline)

Ignore
1480757928
Reply with quote  #2

1480757928
Report to moderator
n0ne
Sr. Member
****
Offline Offline

Activity: 308


Trusted Bitcoin Gambling website


View Profile WWW
June 19, 2011, 06:11:00 PM
 #2

Someone's having fun deleting posts eh?  Roll Eyes

blendergasket
Newbie
*
Offline Offline

Activity: 28


View Profile
June 19, 2011, 06:24:29 PM
 #3

Someone's having fun deleting posts eh?  Roll Eyes

On this forum? Or in Mt. Gox?

Anyways, I found a couple threads about it outside the kiddypool. Seems general confusion:

http://forum.bitcoin.org/index.php?topic=19491.40
http://forum.bitcoin.org/index.php?topic=19511.0

Bizarre.
n0ne
Sr. Member
****
Offline Offline

Activity: 308


Trusted Bitcoin Gambling website


View Profile WWW
June 19, 2011, 06:28:34 PM
 #4

Someone's having fun deleting posts eh?  Roll Eyes

On this forum? Or in Mt. Gox?


In this thread. There was like, 4-5 posts along with mine, and they all got deleted... Huh

blendergasket
Newbie
*
Offline Offline

Activity: 28


View Profile
June 19, 2011, 06:30:01 PM
 #5

That's REALLY bizarre, I didn't have it set to email notify me of posts. I guess I should have.
BTCRedBull
Newbie
*
Offline Offline

Activity: 2


View Profile
June 19, 2011, 06:32:15 PM
 #6

is anyone else having problems connecting to mtgox? also thif forum is going quite slow for me as well?
Big Time Coin
Sr. Member
****
Offline Offline

Activity: 332



View Profile
June 19, 2011, 06:35:43 PM
 #7

Someone sold 500k bitcoins in only 10 minutes around 11:15 AM PST, this cleared most of the orders on mtgox, sending the price from $17 to a low of about $5.50 before the selling stopped, then in the last ten minutes it is back to about $13

AND I can't get in to mtgox, it is not responding, so probably a DDoS,  the hackers are really having fun with mtgox since it got compromised and now everyone knows the security is flawed, so taking stabs at it.

Big time, I'm on my way I'm making it, big time, oh yes
- Peter Gabriel
blendergasket
Newbie
*
Offline Offline

Activity: 28


View Profile
June 19, 2011, 06:38:54 PM
 #8

is anyone else having problems connecting to mtgox? also thif forum is going quite slow for me as well?

I get a "The connection has timed out The server at mtgox.com is taking too long to respond." error. Maybe either they had a big problem and took it down, or so many people wanted in on the low price they took the whole thing down. No idea. And for this site maybe so many people trying to figure out WTF is going on over there that they're slowing it to a crawl, again, just guesses.
fascistmuffin
Jr. Member
*
Offline Offline

Activity: 56



View Profile
June 19, 2011, 06:45:06 PM
 #9

Either a DDoS is going on, or the giant traffic spike because of the amount of people trying to get coins for $0.01 caused the crash.
Maged
Legendary
*
Offline Offline

Activity: 1260


View Profile
June 19, 2011, 06:48:39 PM
 #10

<MagicalTux> just put the system offline until I finish looking into this

By the way, understatement of the year:
<MagicalTux> holy sh*t ?

JTaBitCoinKing
Newbie
*
Offline Offline

Activity: 28


View Profile
June 19, 2011, 06:52:01 PM
 #11

500k you say? MTGox just cashed out.
Clipse
Hero Member
*****
Offline Offline

Activity: 504


View Profile
June 19, 2011, 07:01:23 PM
 #12

<MagicalTux> just put the system offline until I finish looking into this

By the way, understatement of the year:
<MagicalTux> holy sh*t ?

Now thats the most worrying part, he only REALISED things were going down after the 20mins of crazy shit hitting the fan?

What does he do ? sit on in a jacuzzi and smoking a blunt while his exchange just prr's along? I would expect an exchange managing such a huge volume daily would have 24/7 staff, even if just one permanent employee monitoring the exchange.

...In the land of the stale, the man with one share is king... >> Clipse

We pay miners at 130% PPS | Signup here : Bonus PPS Pool (Please read OP to understand the current process)
artemm
Newbie
*
Offline Offline

Activity: 3


View Profile
June 19, 2011, 07:02:11 PM
 #13

500k was the number floating around in the news media.  It's actually the ~24,000 BTC that was stolen from allinvain, I bet.

I saw this coming a mile away.  I had a hunch the hacker that stole that money wouldn't try to sell it off slowly because he might be identified as the thief.  Instead, he dumped it all on the market, clearing all bid orders and made the market crash.

I bet some people got some amazingly low prices in the correction, though, at the expense of those that panicked.
Maged
Legendary
*
Offline Offline

Activity: 1260


View Profile
June 19, 2011, 07:03:33 PM
 #14

There will be a full revert. A major holder of Bitcoins was hacked. A statement is coming shortly.

zerokwel
Sr. Member
****
Offline Offline

Activity: 466



View Profile
June 19, 2011, 07:05:12 PM
 #15

hopefully someone will get his coins back
bodkin
Newbie
*
Offline Offline

Activity: 4


View Profile
June 19, 2011, 07:07:00 PM
 #16

As a newbie to all of this, I can't wait to see how this all plays out.
Coin.Karma
Full Member
***
Offline Offline

Activity: 190



View Profile
June 19, 2011, 07:10:08 PM
 #17

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.


this is information posted on the mtgox support area
blendergasket
Newbie
*
Offline Offline

Activity: 28


View Profile
June 19, 2011, 07:11:18 PM
 #18

There will be a full revert. A major holder of Bitcoins was hacked. A statement is coming shortly.

I guess this shows how useful the 1000 a day limit is...
BitcoinPorn
Hero Member
*****
Offline Offline

Activity: 560


Posts: 69


View Profile WWW
June 19, 2011, 07:13:16 PM
 #19

I dig the way this is being handled so far.

BitCoinBytes
Newbie
*
Offline Offline

Activity: 1


View Profile
June 19, 2011, 07:17:07 PM
 #20

http://politicalmetals.files.wordpress.com/2011/06/fc2.png

Record volume (in BTC)
http://politicalmetals.files.wordpress.com/2011/06/fc3.png

& other snap shots of the flash crash here
http://politicalmetals.com/2011/06/20/bitcoin-flash-crash/

Updated:
Data from the charts (taken from bitcoincharts.com) around the time of the flash crash has been deleted. So these screenshots will serve as a historical record that it happened.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!