Making it public: I have moved the disputed 643.2771 BTC into an escrow account

[toasty]

The 643.2771BTC I withdrew from Mt Gox before trading was halted has been used to question my motives. To try to prove my intentions, I have moved the entire balance to an escrow account at Clearcoin:

https://clearcoin.appspot.com/status/r_H5PyEWwb5wEa8RTbrMTY8k

I cannot retrieve them for a month now. The options are:

1) I press the release button and donate them to the Bitcoin Faucet

2) The FBI accepts "Kevin logged in within 15 minutes of the attacker" as enough evidence to arrest me and seize my wallet as evidence and/or I end up convicted and the FBI buys some new socks and night lights for the whole office with the balance.

3) One month from now, when things have calmed down and I am obviously not arrested, they'll be returned to me and hopefully by then we will have determined their rightful home.

It would be an incredible show of faith if Mt Gox would volunteer to do something similar, but I'm not making this demand off them.

[Enochian]

1) I press the release button and donate them to the Bitcoin Fountain

I think the word you're grepping for here is "Faucet."

[toasty]

1) I press the release button and donate them to the Bitcoin Fountain

I think the word you're grepping for here is "Faucet."

Can you tell I've barely slept for two days?

Edited original post to look smarter than I am.

[dinker]

Petition to FREE KEVIN!!

[airdata]

Kevin is a class act.

Kevin : what were you suggesting mtgox could do as a show of good faith?  ( aside from be 100% honest )

[DamienBlack]

Why not return them? They are just going to be subtracted from your mt gox balance anyway. Or did you not have that much before the hackcrash?

[HaRRo]

Kevin, was right in this case.

[GeniuSxBoY]

Just return them.




But tell them you have a 95% transfer fee.

[Yankee (BitInstant)]

Why not return them? They are just going to be subtracted from your mt gox balance anyway. Or did you not have that much before the hackcrash?

Why should he, they are rightfully his

[myrkul]

Kevin, was right in this case.

No offense, but your your word really isn't helping his case.

I Can't really see what MT can do as a similar show of faith, Except, you know, Stop dodging.

[DamienBlack]

Why not return them? They are just going to be subtracted from your mt gox balance anyway. Or did you not have that much before the hackcrash?

Why should he, they are rightfully his

The trades are being rolled back, but withdrawals and deposits aren't. He withdrew 600+, it will be subtracted from his balance.

[lonestranger]

...
 I end up convicted and the FBI buys some new socks and night lights for the whole office with the balance.

...more like colombian cocaine and hookers, but I digress...

[TiagoTiago]

The 643.2771BTC I withdrew from Mt Gox before trading was halted has been used to question my motives. To try to prove my intentions, I have moved the entire balance to an escrow account at Clearcoin:

https://clearcoin.appspot.com/status/r_H5PyEWwb5wEa8RTbrMTY8k

I cannot retrieve them for a month now. The options are:

1) I press the release button and donate them to the Bitcoin Faucet

2) The FBI accepts "Kevin logged in within 15 minutes of the attacker" as enough evidence to arrest me and seize my wallet as evidence and/or I end up convicted and the FBI buys some new socks and night lights for the whole office with the balance.

3) One month from now, when things have calmed down and I am obviously not arrested, they'll be returned to me and hopefully by then we will have determined their rightful home.

It would be an incredible show of faith if Mt Gox would volunteer to do something similar, but I'm not making this demand off them.

Lemme see if i got this right:

With number one the money, stolen or otherwise, gets sent to charity.

With number two the money automaticly goes back to your wallet and whoever has access to it will have the choice of what to do with them


And with number 3, if all clears out, one month from now the money gets returned to the rightful owner whoever that is.



Is that it?

[myrkul]

Lemme see if i got this right:

With number one the money, stolen or otherwise, gets sent to charity.

With number two the money automaticly goes back to your wallet and whoever has access to it will have the choice of what to do with them


And with number 3, if all clears out, one month from now the money gets returned to the rightful owner whoever that is.



Is that it?

Yeah, seems about right.

[£]

I am heading over to the Bitcoin faceut with my sleeping bag and camp stove (and my 600 Gmail accounts).

 

[toasty]

Correct. I can't just run off with it now, sell it or anything like that. If the coins are actually "stolen" and it's even possible for them to be considered "stolen" in a case like this, they're being held by an uninterested third party right now. I want everyone to move past this point so we can figure out what really happened in the much larger picture. Whose account actually was compromised and why, how we are going to proceed, etc.

[bitplane]

MtGox already publicly said they wouldn't pursue you for the BTC you withdrew, but your account would be in negative balance. You should have just kept them

[DamienBlack]

Correct. I can't just run off with it now, sell it or anything like that. If the coins are actually "stolen" and it's even possible for them to be considered "stolen" in a case like this, they're being held by an uninterested third party right now. I want everyone to move past this point so we can figure out what really happened in the much larger picture. Whose account actually was compromised and why, how we are going to proceed, etc.

All said and done this seems a good move. I applaud you.

[bbjansen]

Although I am new to the community and been only a Bitcoin follower and trader for a week now I have analyzed and studied many articles and papers about Bitcoin. I follow the market closely and I have ready dozens of articles, threads, and comments relating to the Mt. Gox incident. As a web developer and using my logic my personal opinion is that Mt. Gox fucked up big time when we look at their website security and how they are handling this. Although we can't verify if the account with the 500k Bitcoins really existed or not does not matter when you look at the dispute between Mt. Gox and Kevin.

So far Kevin has done nothing wrong, just like anyone would do in this situation and tried to buy as many Bitcoins as possible for .01 cents and than tried to withdraw them as fast as possible before the market and Mt. Gox crashed. If I had 3000 dollars on my Mt. Gox account I would have done the same freaking thing. Some people argue that it's impossible that Kevin was able to place a bid after the hacking started as the website was to laggy or down. This is different for every PC and totally depends on the connection, DNS, location, server, etc. A website may be down or slower for someone than for someone else.

If is telling the truth I believe that he should be allowed to keep the Bitcoins he legally bought even if the account with the 500k Bitcoins was hacked. In a real exchange the same thing would happen. An exchange cant revert hours of trades back just because one account got hacked. No matter how much money there is on it. If Mt. Gox reverts all the traders because of this than I want to see them do the same thing when my account gets hacked and my 10 Bitcoins get sold.

[CharlieContent]

You're a class act Kevin, you've been totally honest this whole time and now you've put this up to prove it. You're clearly ten times the man that MagicalTux is, the lying sack of shit who fucked us all over.