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Author Topic: Question for the MtGox hacker.  (Read 2014 times)
epi 1:10,000
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June 19, 2011, 07:34:40 PM
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How did you do it?  Please give full details.  Was it just a standard SQL injection?  What tools did you use?
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Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
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June 19, 2011, 07:46:55 PM
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1. took magicaltux for a drink
2. got him super drunk
3. gave him db password

It is pitch black. You are likely to be eaten by a grue.

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epi 1:10,000
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June 19, 2011, 07:49:20 PM
 #3

you mean 12345 Wink
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June 19, 2011, 07:54:01 PM
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my question is: why?

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June 19, 2011, 07:56:28 PM
 #5

I would ask myself: why were you so dumb? You could simply send the bitcoins to one adress and, later, sell them slowly.

Why was there a huge crash like that?

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June 19, 2011, 08:03:41 PM
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@Ploum,
 I guess he wants to crash bitcoin...
And he's succeeding, other markets are crashing too now Sad
Lets hope btc can recover from this...

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philipp
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June 19, 2011, 08:09:14 PM
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I would ask myself: why were you so dumb? You could simply send the bitcoins to one adress and, later, sell them slowly.

Why was there a huge crash like that?

I suppose the MtGox withdrawal limit prevented her from getting the coins out of MtGox, so she did instead mess with the Bitcoin community for fun.
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June 19, 2011, 08:11:24 PM
 #8

I would ask myself: why were you so dumb? You could simply send the bitcoins to one adress and, later, sell them slowly.

Why was there a huge crash like that?

What people is speculating is that to avoid the $1000 limit of MtGox he sold to drop the price to 0.01 so he could remove as many bitcoins as he could.
Durr
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June 19, 2011, 08:14:30 PM
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I think the original hacker who hacked the MtGox database did not do this.

Instead he just looked the list out to some people. Which might have leaked it out further.

One of those in between probably felt like no being so sneaky and stealing people's money, but instead mess around hehe, oh and he did !

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June 19, 2011, 08:18:11 PM
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What I find particularly hard to believe is that one unique account had 500K bitcoins in it. That's a huge amount, even for the very early adopters. Even if the person doesn't understand bullocks of computer security and didn't want to protect them by himself, with such amount, he could have hired professional consultancy on how to do it..

Unless its a super-rich (for whom 500k isn't that much) making money out of trading only.
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June 19, 2011, 08:52:08 PM
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I think such things will just make BTC more successful as in more mature.
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