I'm Kevin, here's my side.

[Tommy len]

All the user's coins are actually stored in a single large wallet, and the BTC you see in your account is just an accounting entry. They're no actually yours until you withdraw your amount from the main wallet. So the theft wasn't from some poor schmuck with a bad password, it was from everyone at the same time.

[nichoslalble]

What you think and what would happen in a court of law are two entirely different things. Someone hacking another persons account isn't right, and it also shouldn't allow for you to become a millionaire on wrong doing. It's pure greed plain and simple, and it's sad that you would want to "accept" what is basically stolen goods. Congrats....

[CoinSpeculator]

Here is the first bitcoin novel. when i read this i couldn't hold my tears for days. reading and crying situation was very educational for me.

[sikaola]

Regarding the lawsuit to stop the return, no lawyer can touch that with a 10-pin pole. I think he should return what he took at that moment.

[Laily alie]

Kevin's story is backed up by MtGox's own feed; and that showed that he could not have made the order before the crash. In fact, 6 people got in before him when the large order finally finished executing - which took 35ish minutes.

[maikala]

Thank you, I fully agree with your opinion, but I suspect the actual buying and selling is all done on a SQL database, and the only time the actual Bitcoin goes into play is when someone asks for a withdrawal. I think this method is a good idea, since it saves money for everyone. Consequently, though, 500k Bitcoin has been "stolen" may very possibly just be an arbitrary number in an account, which means nothing more than an IOU from MtGox.

[SeVenlast]

Here is the first bitcoin novel. when i read this i couldn't hold my tears for days. reading and crying situation was very educational for me.

It makes you tear and cry for a few days it seems like you really feel what has happened.

[Mozi moon]

There's no winner in this argument... You found a flaw, and took advantage of it. And Mt.Gox did what any normal business would do, and that is to try and keep ALL the customers happy. Doesn't matter anymore though since this forum post is so old.

[anhmai4155948@gmail.com]

Really. This is crazy. A huge amount of money

[kittikunor]

The greatest novel 

[Hua cuong]

Kevin if what you say is true call up the most expensive law firm in NY and get the ball rolling, maybe the law is on the side of the rollback, maybe not.  With 5M at stake you bet your ass I would be finding out.  With the nature of bitcoin and international laws and something so unprecedented it needs further examination.

[Jay51]

Kevin if what you say is true call up the most expensive law firm in NY and get the ball rolling, maybe the law is on the side of the rollback, maybe not.  With 5M at stake you bet your ass I would be finding out.

[tanjilrifat]

They're no actually yours until you withdraw your amount from the main wallet. Someone hacking another persons account isn't right, and it also shouldn't allow for you to become a millionaire on wrong doing.

[KseniaLard]

Honestly, I think you should just keep coins. I personally slept when a failure occurred, but in principle I do not think that actual BTC transactions should be canceled after they are completed in the chain. However, the reversal of trading on MtGox servers depends on the owners, since the actual BTC transactions are not added to the chain.

[cunicula]

You had 259,684 BTC and you round it off to 250,000 BTC  haahaa that is really funny. if even 10% of the left what you excluded from rounding off is given to anyone here then they will be happy.

[ninobtcx]

I’m Kevin and I'm the guy who bought 259684 BTC for under $3000 yesterday. I really wanted to keep this as quiet as possible, but I don't feel I can anymore. Here's my side of what happened.

This quote should go in every single history book.

This man made over 1 fucking BILLION $ (at today's price) out of 3000$, and had the integrity of giving it back.

Nowhere in history anyone ever made such an enormous profit overnight.. we are talking about 30000000% in a day.

[Tamilson]

So this was past with a historic amount of bitcoin. I'm curious if this even publish anywhere else aside from here, as this is sooo craaazzzyyy.

I'm thinking what Kevin has doing now with his life after he posted this.

This is a very interesting article to read.  Nice to know u, Kevin and I wish I was you.  But back in 2011, I was stuck in the casino playing slot machines and lost a lot of money.  I really wish somebody had told me about Bitcoin back then.

I loved that. Well back in 2011 I was slave by a corporate world and living in dull.

[saumang2m]

Do not let me know that somehow Bitcoin hack happened. And who did it. Because no one could tell.

[meandmrjones]

Did he HODL tho?

Or when did he sell?

[minhlee95]

why this old topic was pulled from the history of the forum? of course this is a very fascinating story, but it brings only envy and pity to the events of the past years