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Author Topic: 0.01$/BTC !!!!! WTF ?!!  (Read 1809 times)
hashme
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June 19, 2011, 06:25:15 PM
 #1

 Shocked Shocked Shocked What was it???

Robots?

I pay back 50% commissions to my referrals
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Alex Beckenham
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June 19, 2011, 06:40:18 PM
 #2

Aliens.

murasha
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June 19, 2011, 06:45:25 PM
 #3

I wish there was no people who will sell it for $0.01 even no one buys it.
But someone is lucky man who bought it for $13 and less.
I was late for the party.

hashme
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June 19, 2011, 06:48:25 PM
 #4

I suppose it was initiated by a hacker sell, then robots reaction

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kicir
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June 19, 2011, 06:55:06 PM
 #5

this looks like a hacker sell attack

if the attacker used only one account he won't be able to withdraw more than 1000$...however, if this was launched from several rogue accounts...

has anyone contacted MtGox? any official statement yet?

this is extremely hurtful for the bitcoin community, let's hope that all trades can be reversed to the status prior to this strange event and trading can resume uneventfully

good luck everyone

Bit_Happy
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June 19, 2011, 06:58:22 PM
 #6

My first ever run on sentence; Also posted in another thread.....

The drama continues

Did BTC really just hit 1 cent ?

No one knows yet, might have been a hacker trading, but they would have had to have complete access to the database to add 500,000 fake BTC, so there is a chance it was real, since the seller got great prices on the first ~half of the order, but would that make a profit when you sell over 200,000 at 1 cent, who bought at one cent and do they get to keep them, and how many days/hours before trading resumes + how many "lucky buyers" withdrew their possibly fake BTC before the site went down?

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Tijs
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June 19, 2011, 07:13:34 PM
 #7

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.
digimag
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June 19, 2011, 07:14:51 PM
 #8

Holy crap. Hackers everywhere, bitcoin plays yoyo.

I hope we just need some time to get this thing stabilized again.

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maykelmoya
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June 19, 2011, 07:15:45 PM
 #9

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

1D7oFWmoC6aEa6EdN9itmtuTDp9bcZDxEe, thanks.
zenthor
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June 19, 2011, 07:16:29 PM
 #10

i was playing dragon tales yesterday and the bitcoin servers for it were down, maybe the games bitcoin account got hacked? maybe it was a pools account? who has that much btc just sitting around?

starving college student, will edit for btc, just pm me.
donations greatly appreciated
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hashme
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June 19, 2011, 07:18:09 PM
 #11

The bitcoin will be back to around 17.5$/BTC after we rollback

I pay back 50% commissions to my referrals
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EricSU
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June 19, 2011, 07:28:07 PM
 #12

MtGox needs to implement a daily trading limit to prevent this happening again.
One account should not be able to crash the market, hacked or otherwise.

OTOH, im writing a bot to buy at 0.01 and withdraw immediately Smiley
digimag
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June 19, 2011, 07:32:29 PM
 #13

https://bitmarket.eu/ was also a little bit impacted by the mtgox crash, time to buy before price growth back.

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