Why did anyone still trust mtgox after they lost their entire password database?

[kokojie]

After mtgox lost their entire customer info+password database in 2011, I was completely done with them, never used them after that, and I still hate them for losing my information, because I'm still receiving occasional phishing emails.

How can anyone still have faith in mtgox security, after something so catastrophic happens? I can't understand. My logic tells me, if a company's security policy is so bad, that it loses all their customer information including passwords, then it will probably happen again, because security is actually a mindset, not a specific technology, there's no evidence that the mindset at mtgox has changed at all. My policy is that I never do business with a company that had a catastrophic security loss, unless there's evident that the security mindset at the company has improved.

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[bitcoinminer]

I think you're missing the more important point from that scandal, which was the first GOXXXing that I remember anyhow... It was revealed that they didn't have any outside parties auditing their books or verifying their security practices.

That never changed!

[shadyz]

I think you're missing the more important point from that scandal, which was the first GOXXXing that I remember anyhow... It was revealed that they didn't have any outside parties auditing their books or verifying their security practices.

That never changed!

Shrem says they were getting audited

[bitcoinminer]

I think you're missing the more important point from that scandal, which was the first GOXXXing that I remember anyhow... It was revealed that they didn't have any outside parties auditing their books or verifying their security practices.

That never changed!

Shrem says they were getting audited

Who the fuck is shrem?  Where are the audit results?  Where are the books?

"Hi, welcome to the Merril Lynch board meeting.  For our quarterly results SHREM is going to present our financial statement..."

lol you people amaze me.

[T.Stuart]

I think you're missing the more important point from that scandal, which was the first GOXXXing that I remember anyhow... It was revealed that they didn't have any outside parties auditing their books or verifying their security practices.

That never changed!

Shrem says they were getting audited

He was also very confident about the "good news" this week.

Suspicious as hell if you ask me.