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Question: Who hacked MtGox and why did they do the mega sell-off?
A dumb hacker not knowning what he was doing
A insider / early adopter wanting to kick the speculants causing the bubble
Tradehill wanting to get a fast start
A finacial company wanting to stop the upcoming risk
A govermental agency striking back and wants to punish hackers
The incidents are not connected. It was already hacked and someone at MtGox simply did a wrong click

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Author Topic: Who and why?  (Read 1291 times)
George Carmack
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June 25, 2011, 08:15:43 PM
 #1

Did someone intentionally want to hurt the Bitcoin?
or economical interest was the reason? Or just a mistake?

What do you think?

BR
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grndzero
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June 25, 2011, 08:50:04 PM
 #2

Considering:

1) Someone posted online to try to get hashes cracked and get passwords.
2) They originally offered the database for sale.
3) They could have spent a few days rummaging through accounts and quietly extracted bitcoins before serious red flags went up instead of doing a massive sell-off and only getting away with $1000.
4) After the sell off and market freeze they posted the database for all to see.

It was someone with purposeful malicious intent.

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benjamindees
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June 25, 2011, 08:59:32 PM
 #3

Remember Hanlon's razor.

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allinvain
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June 25, 2011, 09:58:21 PM
 #4

Someone sees as all as a bunch of suckers, and is just trying to cash out. That is all. Nothing else to see. Move along. No CIA or FBI master plan here. Just the usual business of people trying to screw other people over. Such is the way of the world.

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June 25, 2011, 10:06:00 PM
 #5

Remember Hanlon's razor.

The only part of my list that could be attributed to Hanlon's Razor is if someone fat fingered a trade, and it would have to be really fat fingers to put a 0 in instead of 17 or 18 or else we wouldn't be facing a rollback. Everything else was intentional and not attributable to plain stupidity, ignorance, or carelessness.

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June 26, 2011, 04:00:55 PM
 #6

Oh I assumed you meant malice beyond just self-interest.  Everything you posted fits the profile of an unsophisticated thief who didn't really know what he was doing.

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June 27, 2011, 06:26:26 AM
 #7

It was a typical teenager attack, MtGox was crappy all the time. So there is nothing to be surprised about.

Misspelling protects against dictionary attacks NOT
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