Mt. Gox Rollback Due to a compromised Account

[RandyMarsh]

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

Nice to see that it was caught and sorted quite fast.

So im taken to believe here that this was all caused by an account being compromised and completely not the fault of mt. gox in any way?

If any blame can be put on mtgox here im going to be taking my business to tradehill. This is completely ridiculous.

[1714163619]

1714163619

[1714163619]

1714163619

[AngstHase]

how to send back the 500k btc to the (verified?) user/account.

[kokojie]

I think some one must be EXTREMELY stupid to leave 500k+ BTC in their mtgox? Is there even one person that owns more than 500k+ BTC? AND not care about it enough to have their password hacked?

[piuk]

What price are they rolling back to? Something tells me that isn't going to hold when i comes back online.

[ixne]

Wait, I still don't get it, can we get 12 more threads started about this?

[RandyMarsh]

So if he withdrew at the 1000$ a day limit, wen BTCs were trading at 0.01$/BTC does that mean that the hacker got away with 100,000 coins?

I think some one must be EXTREMELY stupid to leave 500k+ BTC in their mtgox? Is there even one person that owns more than 500k+ BTC? AND not care about it enough to have their password hacked?

Yeah this seems kinda nuts, I've been trading in relatively small amounts, although still keeping over half of my 3000 Coins on MtGOX, the other half is well secured offline, That just makes sense to me

[RandyMarsh]

Wait, I still don't get it, can we get 12 more threads started about this?

suck a dick

[bitbot]

what about all the coins that were transferred and/or cashed out

[saqwe]

Wait, I still don't get it, can we get 12 more threads started about this?

sure just start your own 

[Bit_Happy]

Wait, I still don't get it, can we get 12 more threads started about this?

Why limit to only 12 more?   

[bullox]

what about all the coins that were transferred and/or cashed out

Dollars cashed out? Might be reversible. BTC transferred to an address? Irreversible. Don't worry about your lucky 80 coins

If it was attacked as described, the person who sold all the btc, then purchased them again at .01btc would have moved the price such that they potentially could have withdrawn 100k BTC.  But that depends if mtgox uses a 1/2/14-day average or spot-price for how they determine their 1k limit.

[Meatpile]

You know what I think, the attacker thought that the withdraw limit was based on $1000 dollar value, so he tried to crash the price of them as low as possible, so he could get more out in one action.

So clearly he had access to mtgox for days to be able to figure out how this all worked. Now i wonder if he actually got to cash out more because of it... or if it failed because the $1000 limit was based on opening price or something?