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Author Topic: [2014-03-27] CCN: Evidence That Transaction Malleability Did Not Bankrupt MtGox  (Read 1466 times)
zeroday (OP)
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March 27, 2014, 06:45:48 AM
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http://www.cryptocoinsnews.com/2014/03/27/malleability-bankrupt-mt-gox/

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However, while MtGox claimed to have lost 850,000 bitcoins due to malleability attacks, we merely observed a total of 302,000 bitcoins ever being involved in malleability attacks. Of these, only 1,811 bitcoins were in attacks before MtGox stopped users from withdrawing bitcoins. Even more, 78.64% of these attacks were ineffective. As such, barely 386 bitcoins could have been stolen using malleability attacks from MtGox or from other businesses. Even if all of these attacks were targeted against MtGox, MtGox needs to explain the whereabouts of 849,600 bitcoins.


No surprise for me Smiley
According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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March 27, 2014, 01:32:35 PM
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http://www.cryptocoinsnews.com/2014/03/27/malleability-bankrupt-mt-gox/

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However, while MtGox claimed to have lost 850,000 bitcoins due to malleability attacks, we merely observed a total of 302,000 bitcoins ever being involved in malleability attacks. Of these, only 1,811 bitcoins were in attacks before MtGox stopped users from withdrawing bitcoins. Even more, 78.64% of these attacks were ineffective. As such, barely 386 bitcoins could have been stolen using malleability attacks from MtGox or from other businesses. Even if all of these attacks were targeted against MtGox, MtGox needs to explain the whereabouts of 849,600 bitcoins.


No surprise for me Smiley
Nice. More proof that Mark is a lying weaselly scumbag.  Cheesy
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