Bitcoin Forum
December 07, 2016, 06:31:38 PM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Anybody with a bitcoin sell order just got wiped out!  (Read 1988 times)
buryfarmer
Member
**
Offline Offline

Activity: 71


hi


View Profile
June 19, 2011, 06:10:00 PM
 #1

Somebody just dumped an enormous amount of bitcoins on the mt gox exchange.
So anyone who had sell orders will have automatically sold there bitcoins at a bargain price probably to the person who just crashed the market.

1481135498
Hero Member
*
Offline Offline

Posts: 1481135498

View Profile Personal Message (Offline)

Ignore
1481135498
Reply with quote  #2

1481135498
Report to moderator
1481135498
Hero Member
*
Offline Offline

Posts: 1481135498

View Profile Personal Message (Offline)

Ignore
1481135498
Reply with quote  #2

1481135498
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481135498
Hero Member
*
Offline Offline

Posts: 1481135498

View Profile Personal Message (Offline)

Ignore
1481135498
Reply with quote  #2

1481135498
Report to moderator
1481135498
Hero Member
*
Offline Offline

Posts: 1481135498

View Profile Personal Message (Offline)

Ignore
1481135498
Reply with quote  #2

1481135498
Report to moderator
DamienBlack
Jr. Member
*
Offline Offline

Activity: 56


View Profile
June 19, 2011, 06:30:14 PM
 #2

I think you mean buy order.

I trade bitcoin options at https://bitoption.org/ ... Join me.
I play poker at https://betco.in/ ... Join me.
Support the bitcoin economy, what do you do?
Tips: 1NfXhiTFEdKQTdLy49s6DYAP1K7MeFWyao
hashme
Member
**
Offline Offline

Activity: 115


View Profile
June 19, 2011, 06:35:46 PM
 #3

OMG! Incredible BTC!!

I pay back 50% commissions to my referrals
https://www.okcoin.com/?invid=2013370
Fair sites only.
jjiimm_64
Legendary
*
Offline Offline

Activity: 1680


View Profile
June 19, 2011, 06:38:08 PM
 #4

I think you have it backwards.....  everybodies BUY order just got filled...  it would have to go up for everyones sell order to get filled.

1jimbitm6hAKTjKX4qurCNQubbnk2YsFw
hashme
Member
**
Offline Offline

Activity: 115


View Profile
June 19, 2011, 06:44:15 PM
 #5

It looks like MtGox is stopped now

I pay back 50% commissions to my referrals
https://www.okcoin.com/?invid=2013370
Fair sites only.
buryfarmer
Member
**
Offline Offline

Activity: 71


hi


View Profile
June 19, 2011, 06:47:07 PM
 #6

Yeah I did get it wrong.
I was thinking that mt gox allowed stop loss sell orders but they don't.
in most other types of trading you can have sell orders at prices lower than the current market price.
This just goes to show that stop losses are needed to keep the price more stable.
hashme
Member
**
Offline Offline

Activity: 115


View Profile
June 19, 2011, 06:53:08 PM
 #7

StopLoss orders may be implemented by your own robot or... MtGox v2 

I pay back 50% commissions to my referrals
https://www.okcoin.com/?invid=2013370
Fair sites only.
Tijs
Newbie
*
Offline Offline

Activity: 17


View Profile
June 19, 2011, 07:11:26 PM
 #8

I'm probably not the only one frantically refreshing mtgox, but for who isn't: They have just put up a statement.

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.
kicir
Jr. Member
*
Offline Offline

Activity: 56


View Profile WWW
June 19, 2011, 07:22:43 PM
 #9

great!

thanks again MtGox, fortunately the attacker was only compromising one account and couldn't withdraw more than 1000$

maybe MtGox should consider dynamic and static market shutdown limits?

like any other standard stock market, if prices fall or rise way too abruptly all trading should be automatically suspended

hashme
Member
**
Offline Offline

Activity: 115


View Profile
June 19, 2011, 07:31:38 PM
 #10

http://blockexplorer.com/address/1KLahQtqDNAXvrjNyfvgSBtAhwco5ZxLp4    432109 BTC sent to 2 addresses

I pay back 50% commissions to my referrals
https://www.okcoin.com/?invid=2013370
Fair sites only.
EricSU
Newbie
*
Offline Offline

Activity: 25


View Profile
June 19, 2011, 07:39:11 PM
 #11


Likely person with 432k BTC sent 32.11BTC to someone, and the change is sent to the other address.
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!