Bitcoin Forum
December 14, 2017, 10:57:25 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Poll
Question: Did Karpeles and his accomplices steal 850,000 coins?
Yes
No
To da moon
OP did it!

Pages: [1] 2 3 »  All
  Print  
Author Topic: Did Karpeles and his accomplices steal 850,000 coins?  (Read 3679 times)
yrtrnc
Hero Member
*****
Offline Offline

Activity: 606



View Profile
February 28, 2014, 10:59:33 AM
 #1

One of the biggest heists in human history! Do you think Karpeles acted on his temptations to steal 850,000 coins which would seem to be easy to get away with? Search your heart as a human being, put yourself in his shoes. 850,000 coins sitting right infront of you. No one will know if you take them! Do you think he did it? Maybe even pressured into doing it by drug overlords!

http://falkvinge.net/2014/02/28/the-gox-crater-crowd-detectives-reveal-billion-dollar-heist-as-inside-job/
1513292245
Hero Member
*
Offline Offline

Posts: 1513292245

View Profile Personal Message (Offline)

Ignore
1513292245
Reply with quote  #2

1513292245
Report to moderator
1513292245
Hero Member
*
Offline Offline

Posts: 1513292245

View Profile Personal Message (Offline)

Ignore
1513292245
Reply with quote  #2

1513292245
Report to moderator
1513292245
Hero Member
*
Offline Offline

Posts: 1513292245

View Profile Personal Message (Offline)

Ignore
1513292245
Reply with quote  #2

1513292245
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513292245
Hero Member
*
Offline Offline

Posts: 1513292245

View Profile Personal Message (Offline)

Ignore
1513292245
Reply with quote  #2

1513292245
Report to moderator
1513292245
Hero Member
*
Offline Offline

Posts: 1513292245

View Profile Personal Message (Offline)

Ignore
1513292245
Reply with quote  #2

1513292245
Report to moderator
Ibian
Legendary
*
Online Online

Activity: 1456


View Profile
February 28, 2014, 11:02:28 AM
 #2

Probably. Even if it is just gross incompetence, it would be on such a scale that jail is justifiable.

There is no bubble.
T.Stuart
Sr. Member
****
Offline Offline

Activity: 476



View Profile
February 28, 2014, 11:07:32 AM
 #3

I think it could be true just based on the following:

If the theory is correct then it is quite possible the coins were already stolen in 2011. This was a time when it may have seemed a remote possibility that Bitcoin would go beyond a few dollars a coin. So insiders thought they would get a few million dollars. It was also a time when the idea of worldwide regulation, real government interest, etc. might also have seemed unlikely. In fact if anything it might have seemed like Bitcoin did not have that much longer to go. So why not steal them? It was the real Wild West, it could easily be blamed on hackers, and it was a relatively small amount of money.

Any insider considering stealing 750k Bitcoins today would have to think a lot harder about it!

                                   
  ███████████████████████████████U
  ███████████████████████████████U
  ███████████████████████████████U
  ███████████████████████████████U
  ████████████▌     ]████████████U
  ████████████▌     ]████████████U
  ████████████▌     ]████████████U
  ██████""""""       """"""██████U
  ██████                   ██████U
  ██████                   ██████U
  ████████████[     ]████████████U
  ████████████▌     ]████████████U
  ████████████▌     ]████████████U
  ████████████▄▄▄▄▄▄▄████████████U
  ╙█████████████████████████████▀ 
    ╙█████████████████████████╜   
      `▀███████████████████▀'     
          ╙█████████████▀`         
              ╙▀███▀╜`             
                                   
 
 






.✫ Forex in crypto for everyone ✫.
 
 






T.Stuart
Sr. Member
****
Offline Offline

Activity: 476



View Profile
February 28, 2014, 11:08:16 AM
 #4

Probably. Even if it is just gross incompetence, it would be on such a scale that jail is justifiable.

I think the opposite. They were nicked in 2011, when worth a lot less but when the crime seemed a lot easier to cover up.

                                   
  ███████████████████████████████U
  ███████████████████████████████U
  ███████████████████████████████U
  ███████████████████████████████U
  ████████████▌     ]████████████U
  ████████████▌     ]████████████U
  ████████████▌     ]████████████U
  ██████""""""       """"""██████U
  ██████                   ██████U
  ██████                   ██████U
  ████████████[     ]████████████U
  ████████████▌     ]████████████U
  ████████████▌     ]████████████U
  ████████████▄▄▄▄▄▄▄████████████U
  ╙█████████████████████████████▀ 
    ╙█████████████████████████╜   
      `▀███████████████████▀'     
          ╙█████████████▀`         
              ╙▀███▀╜`             
                                   
 
 






.✫ Forex in crypto for everyone ✫.
 
 






Ibian
Legendary
*
Online Online

Activity: 1456


View Profile
February 28, 2014, 11:12:51 AM
 #5

Probably. Even if it is just gross incompetence, it would be on such a scale that jail is justifiable.

I think the opposite. They were nicked in 2011, when worth a lot less but when the crime seemed a lot easier to cover up.
Keeping things running as if nothing happened under that scenario would fall under incomprehensible incompetence. And probably fraud as well.

There is no bubble.
T.Stuart
Sr. Member
****
Offline Offline

Activity: 476



View Profile
February 28, 2014, 11:16:48 AM
 #6

Probably. Even if it is just gross incompetence, it would be on such a scale that jail is justifiable.

I think the opposite. They were nicked in 2011, when worth a lot less but when the crime seemed a lot easier to cover up.
Keeping things running as if nothing happened under that scenario would fall under incomprehensible incompetence. And probably fraud as well.

...on such a scale that jail is justifiable.

That's what I am referring to - that at the time of the theft I'm sure that an insider would not think jail a possibility.

                                   
  ███████████████████████████████U
  ███████████████████████████████U
  ███████████████████████████████U
  ███████████████████████████████U
  ████████████▌     ]████████████U
  ████████████▌     ]████████████U
  ████████████▌     ]████████████U
  ██████""""""       """"""██████U
  ██████                   ██████U
  ██████                   ██████U
  ████████████[     ]████████████U
  ████████████▌     ]████████████U
  ████████████▌     ]████████████U
  ████████████▄▄▄▄▄▄▄████████████U
  ╙█████████████████████████████▀ 
    ╙█████████████████████████╜   
      `▀███████████████████▀'     
          ╙█████████████▀`         
              ╙▀███▀╜`             
                                   
 
 






.✫ Forex in crypto for everyone ✫.
 
 






WompRat
Full Member
***
Offline Offline

Activity: 232


View Profile
February 28, 2014, 11:18:24 AM
 #7

So when he said 'more or less', what he actually meant was that he had lost more than 750,000 coins.
uhoh
Hero Member
*****
Offline Offline

Activity: 728


Circle gets the Square


View Profile
February 28, 2014, 11:19:17 AM
 #8

C'mon, stop with the conspiracy theories. He lost the coins because he's an idiot. Plain and simple. Lack of even the most basic accounting by a company that didn't have the talent or expertise to be operating such a large enterprise.
Ibian
Legendary
*
Online Online

Activity: 1456


View Profile
February 28, 2014, 11:19:52 AM
 #9

Probably. Even if it is just gross incompetence, it would be on such a scale that jail is justifiable.

I think the opposite. They were nicked in 2011, when worth a lot less but when the crime seemed a lot easier to cover up.
Keeping things running as if nothing happened under that scenario would fall under incomprehensible incompetence. And probably fraud as well.

...on such a scale that jail is justifiable.

That's what I am referring to - that at the time of the theft I'm sure that an insider would not think jail a possibility.
Money is serious business. Far more serious than, say, accidentally running over an old lady. You don't accidentally millions. Not without repercussions.

There is no bubble.
Puppet
Legendary
*
Offline Offline

Activity: 966


View Profile
February 28, 2014, 11:20:46 AM
 #10

I remember reading someone claiming that Mark at one point said something along the lines of there being a big secret that when revealed would have a huge impact on bitcoin (price). I cant recall who said it where, much less find a direct quote, does anyone know what Im referring to?
T.Stuart
Sr. Member
****
Offline Offline

Activity: 476



View Profile
February 28, 2014, 11:21:30 AM
 #11

So when he said 'more or less', what he actually meant was that he had lost more than 750,000 coins.

 Cheesy

                                   
  ███████████████████████████████U
  ███████████████████████████████U
  ███████████████████████████████U
  ███████████████████████████████U
  ████████████▌     ]████████████U
  ████████████▌     ]████████████U
  ████████████▌     ]████████████U
  ██████""""""       """"""██████U
  ██████                   ██████U
  ██████                   ██████U
  ████████████[     ]████████████U
  ████████████▌     ]████████████U
  ████████████▌     ]████████████U
  ████████████▄▄▄▄▄▄▄████████████U
  ╙█████████████████████████████▀ 
    ╙█████████████████████████╜   
      `▀███████████████████▀'     
          ╙█████████████▀`         
              ╙▀███▀╜`             
                                   
 
 






.✫ Forex in crypto for everyone ✫.
 
 






yrtrnc
Hero Member
*****
Offline Offline

Activity: 606



View Profile
February 28, 2014, 11:22:39 AM
 #12

C'mon, stop with the conspiracy theories. He lost the coins because he's an idiot. Plain and simple. Lack of even the most basic accounting by a company that didn't have the talent or expertise to be operating such a large enterprise.

One does not simply "LOSE" 850,000 bitcoins!
yrtrnc
Hero Member
*****
Offline Offline

Activity: 606



View Profile
February 28, 2014, 11:29:38 AM
 #13

And here's the meme

Richard Branson
Hero Member
*****
Offline Offline

Activity: 506

Screw It, Let's Do It


View Profile WWW
February 28, 2014, 11:30:54 AM
 #14

One does not simply "LOSE" 850,000 bitcoins!

It's not that hard.
Just write your code very bad -> rounding errors and with enough trades all your BTC are gone (if withdrawn).

Byteball address: CYV4YITSUKGIYCA5GUPIUPP377OF4NWQ
uhoh
Hero Member
*****
Offline Offline

Activity: 728


Circle gets the Square


View Profile
February 28, 2014, 11:31:39 AM
 #15

Mark Karpeles can



Still, at least it's all over now. They can file for as much protection as they want but they have no assets! If they owned the office building then at least there would be some carcass to crawl over, but there's nothing. No brand to sell. No system to sell (because it was strung together with chewing gum and PHP). Nothing. I feel sorry for everyone that has lost from this. The 1 mil (and 500k verified) accounts are the only playing card they have.
chessnut
Legendary
*
Offline Offline

Activity: 896



View Profile
February 28, 2014, 11:33:22 AM
 #16

only one thing is certain - he is very thick.

you cannot own an exchange steal 700k coins and get away with it. I simply don’t buy that theory.

He simply screwed it up. He allowed double spending, he warmed up his cold storage, he took no caution and he had no expertise.

- or maybe the FBI has played a part in it - that I can believe.

WompRat
Full Member
***
Offline Offline

Activity: 232


View Profile
February 28, 2014, 11:34:06 AM
 #17

If not he is not directly involved I just have to say - how can Mark Karpelles remain so calm having lost so much money. What the fuck is in that coffee?
schizoid
Member
**
Offline Offline

Activity: 73


View Profile
February 28, 2014, 11:34:23 AM
 #18

Another possibility is the coins never existed in the first place. Karpeles could have naked shorted them in 2011 and was never able to cover.
noob2001
Hero Member
*****
Offline Offline

Activity: 630


View Profile WWW
February 28, 2014, 11:37:39 AM
 #19

the coins never existed. He was selling bitcoins he didn't have.
ie Fractional reserve ponzi scheme.
yrtrnc
Hero Member
*****
Offline Offline

Activity: 606



View Profile
February 28, 2014, 11:39:39 AM
 #20

only one thing is certain - he is very thick.

you cannot own an exchange steal 700k coins and get away with it. I simply don’t buy that theory.

He simply screwed it up. He allowed double spending, he warmed up his cold storage, he took no caution and he had no expertise.

- or maybe the FBI has played a part in it - that I can believe.

Why can he not get away with it? Have you seen his smug face?

FBI? More like NSA or Japanese government!
Pages: [1] 2 3 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!