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Mt. Gox Rollback Due to a compromised Account
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Topic: Mt. Gox Rollback Due to a compromised Account (Read 1696 times)
RandyMarsh
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Mt. Gox Rollback Due to a compromised Account
June 19, 2011, 07:13:56 PM
#1
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.
Stan?! STAN?!?!
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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AngstHase
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Re: Mt. Gox Rollback Due to a compromised Account
June 19, 2011, 07:16:15 PM
#2
how to send back the 500k btc to the (verified?) user/account.
kokojie
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Re: Mt. Gox Rollback Due to a compromised Account
June 19, 2011, 07:20:29 PM
#3
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?
btc: 15sFnThw58hiGHYXyUAasgfauifTEB1ZF6
piuk
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Re: Mt. Gox Rollback Due to a compromised Account
June 19, 2011, 07:22:23 PM
#4
What price are they rolling back to? Something tells me that isn't going to hold when i comes back online.
Try a My Wallet Demo Account
ixne
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Re: Mt. Gox Rollback Due to a compromised Account
June 19, 2011, 07:25:29 PM
#5
Wait, I still don't get it, can we get 12 more threads started about this?
RandyMarsh
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Re: Mt. Gox Rollback Due to a compromised Account
June 19, 2011, 07:27:11 PM
#6
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?
Quote from: kokojie on June 19, 2011, 07:20:29 PM
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
Stan?! STAN?!?!
RandyMarsh
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Re: Mt. Gox Rollback Due to a compromised Account
June 19, 2011, 07:28:46 PM
#7
Quote from: ixne on June 19, 2011, 07:25:29 PM
Wait, I still don't get it, can we get 12 more threads started about this?
suck a dick
Stan?! STAN?!?!
bitbot
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Re: Mt. Gox Rollback Due to a compromised Account
June 19, 2011, 07:29:31 PM
#8
what about all the coins that were transferred and/or cashed out
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saqwe
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Re: Mt. Gox Rollback Due to a compromised Account
June 19, 2011, 07:30:24 PM
#9
Quote from: ixne on June 19, 2011, 07:25:29 PM
Wait, I still don't get it, can we get 12 more threads started about this?
sure just start your own
Bit_Happy
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A Great Time to Start Something!
Re: Mt. Gox Rollback Due to a compromised Account
June 19, 2011, 07:32:10 PM
#10
Quote from: ixne on June 19, 2011, 07:25:29 PM
Wait, I still don't get it, can we get 12 more threads started about this?
Why limit to only 12 more?
A serious question(?) about decentralization.
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bullox
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Re: Mt. Gox Rollback Due to a compromised Account
June 19, 2011, 07:41:24 PM
#11
Quote from: Monoquark on June 19, 2011, 07:33:01 PM
Quote from: bitbot on June 19, 2011, 07:29:31 PM
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
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Re: Mt. Gox Rollback Due to a compromised Account
June 19, 2011, 10:47:42 PM
#12
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?
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