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Author Topic: The Willy Report: proof of massive fraudulent trading activity at Mt. Gox  (Read 713 times)
Aditya (OP)
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May 25, 2014, 05:21:25 PM
 #1

http://willyreport.wordpress.com/

Any comment of this?


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May 25, 2014, 06:37:20 PM
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Well, sheeeeeeeeeeeit.

This signature refers to itself.
DrApricot
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May 25, 2014, 09:31:11 PM
 #3

http://willyreport.wordpress.com/

Any comment of this?
Quote
(From the Willy Report) In the interest of full disclosure: I’ve known of everything I wrote in this report since basically a day after the database was leaked, well over 2 months ago. I’m sure there are at least some other people that knew about it – I mean, it’s there in plain sight, in publicly available data, so it surprises me that no one else has come out with it until now. I specifically waited for the Goxless, free market to finally break the ongoing downtrend on its own strength before releasing it. Barring similar shenanigans at other exchanges (looking at you China) I think this means we may be at a “fair” valuation now, and that this knowledge will not hurt the price all that much. That said, despite everyone’s expectations, it seems unlikely that there will be another huge “bubble”, seeing as they were never “real” in the first place. Hopefully, price can rise at a more controlled pace as more and more good news comes out; it will be much better for Bitcoin as a technology than the crazy volatility and outrageous valuations we’ve seen last year.
If there's such obvious evidence of fraud, did the author ever report this to the authorities? It could help the police in their investigation, or did he merely sit on this info while awaiting bitcoin to approach what he considered to be a 'fair' valuation. Also, why is this article unsigned on a wordpress blog with no previous posts?

Also, exactly how valid is the leaked Mt. Gox data upon which this report is based? Didn't the original database file contain malware designed to steal your bitcoins? See:
https://www.securelist.com/en/blog/8196/Analysis_of_Malware_from_the_MtGox_leak_archive
Why is this report not either a means to encourage more people to download the malware-infested data or else a classic FUD propaganda piece to help ensure that the bitcoin price only increases at a supposed "controlled pace."
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