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

[Dobrodav]

I am think that MG can do rollback. But also, i am think they can not await that somebody, will return them already withdrawn funds, - it is just stupid. It will be disappointing, if Kevin will do such a thing. MG should suffer.

[1714940302]

1714940302

[1714940302]

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[Klestin]

...what really happened in the much larger picture. Whose account actually was compromised and why, how we are going to proceed, etc.

Would love to hear any info from MtGox on this.  One account compromised?  With 500k BTC?  Is that the truth?

[Schleicher]

If is telling the truth I believe that he should be allowed to keep the Bitcoins he legally bought

Well, I don't know other country's laws that well, but here in germany the transactions would be invalid.
MtGox would have no choice and has to do a rollback.

[matsh]

I'm not totally sure I know all the details in this case, but according to Swedish law (IIRC) buying something in good faith doesn't give you possession of what you bought, in case it was previously stolen.

For example, if someone comes to you and offers to sell you diamonds at a discounted price, and you buy, that doesn't mean you can keep them if it turns out they were stolen in the first place.

In this case, if I have understood this correctly, it means:

1. You did nothing wrong
2. You have to give the BTCs back to the original owner

I also think MtGox should reimburse you the money you paid for the BTC, but I'm not sure about the legal case here. In any case, it would be the only decent thing to do.

Putting the BTCs in escrow looks like an OK move right now, but I would just have handed them back right away.

[unemployed]

Don't drop the soap 

[phelix]

I am not sure MTGox has learned to be transparent, yet. Still, I understand the heavy load you are carrying right now, Kevin. As a solution, I would sacrifice myself to take them. Just send em to me once they get out of clearcoin 

to be serious: make sure they will not go after you, then donate some of the money to amnesty or an organisation of your choice and live happily ever after.

[unemployed]

Donate money to my address. I will gladly take over all responsibility 

[OgNasty]

An exchange cant revert hours of trades back just because one account got hacked.

Why do you speak lies?  Ever heard of the flash crash?  Trades are backed out all the time on global exchanges.  You are ignorant and uneducated.

[arkados]

Oh look, it's THIS thread again. Gonna repeat myself.

-> accident (account intrusion)
-> abnormal market (all open bids fulfilled by selling of the stolen coins)
-> transactions not legit
-> hand the withdrawed coins back

[aral]

This is a sensible thing to do while the dust settles and gives MTGOX time to make a full and truthful disclosure.  Frankly they have not shown themselves trustworthy enough at this point to be sure they would return the coins to their proper owners.  I would have said 'hand them' back if it were clear that were the case but if GOX had accused me of colluding with the hacker and I was innocent I would have done the same as Kevin.

[RomertL]

Escrew was a good move, in one month we will hopefully know all details. But right now I'm leading towards pay back, I can't find a scenario were buying at 0.05 while other markets sell at around 17 is legit...

[chuckypalumbo]

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.

Kevin,

This I can applaud and support fully. Well done.

[dust]

I'm glad to see that Kevin is much more mature and reasonable than his supporters.

[Bind]

There is one fact to all of this.

MT Gox doesnt lose anything.

Why is that ?

After all, it was 100% their fault by their own admission.

Shitty security or shitty choice in who they hired to audit is irrelevent, the buck stops with MT Gox.

What if this was all an elaborate contrived ruse on MT Gox's part to skim money and bitcoins.

Yes, yes I know lots trust MT Gox, but havent we all know people we trusted that we thought were honest, for much longer periods of time than any of us have known MT Gox, just to learn they lied, cheated, deceived, and/or stole from us ?

Ex-significant others, ex-friends, associates, even that bad seed relative ...

How much documented absolute fact is known ?

none.

just throwing it out there.

[kjj]

Petition to FREE KEVIN!!

Finally!  A chance to bust out my old yellow bumper stickers!

[jhansen858]

Why drag out this situation?  Basically, your only making $3000 off of keeping the stolen coins.  Doesn't make sense to ruin your reputation over such an insignificant amount that you put 0 work into getting. 

Either give them the fuck back or tell everyone to go fuck them selves.. Dragging out the situation makes no sense.  Pretty sure no one cares at this point either way.

[Rob P.]

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

600 accounts won't even get you 1 BTC. 

[demonofelru]

Why drag out this situation?  Basically, your only making $3000 off of keeping the stolen coins.  Doesn't make sense to ruin your reputation over such an insignificant amount that you put 0 work into getting. 

Either give them the fuck back or tell everyone to go fuck them selves.. Dragging out the situation makes no sense.  Pretty sure no one cares at this point either way.

I couldn't agree with this comment more.

[Tasty Champa]

My loyalty is for sale. 
1CRcJUNAPvHYd888jLiwRZacwSQDNSFPfh

[bbjansen]

An exchange cant revert hours of trades back just because one account got hacked.

Why do you speak lies?  Ever heard of the flash crash?  Trades are backed out all the time on global exchanges.  You are ignorant and uneducated.

I was referring in terms of Bitcoin exchange, my bad for not making that clear. If we were to follow the Bitcoin philosophy than reverting hours of trading would go against that philosophy and that's why so many people are against the idea of changing the trades back.