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Question: Bitcoin bot manipulation today?
yes causes too high a price - 0 (0%)
yes causes too low  a price - 2 (66.7%)
no causes no price change - 0 (0%)
no bot manipulation now - 0 (0%)
no frigging idea on bot use - 1 (33.3%)
Total Voters: 3

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Author Topic: mt. gox article on use of bots to manipulate price 2/20/15 no surpise huh?  (Read 1557 times)
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February 20, 2015, 11:54:08 AM
 #1


Here is the link to the info that mt.gox used bots to manipulate price....(I know it is a big yawn....everyone figured this out a long time ago)

but for those that are interested here is the links

https://www.cryptocoinsnews.com/mt-gox-trading-bots-manipulated-bitcoin-price/


also the wizsec security link on how they got this info for the above article

http://blog.wizsec.jp/2015/02/mtgox-investigation-release.html

and anyone more knowledgeable about this kinda bot useage and/or if/who/what exchanges 'may be' into this kinda thing ....

feel free to chime in ...(or not)















 

 

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February 20, 2015, 12:12:58 PM
 #2

It's obvious that bots are still actively trading. The problem with Gox was that their bot was buying and selling on a credit. They knew they had to make up the loss, so they cheated by trading during downtimes, without paying fees and buying coins with their user's money, while at the same time delaying or blocking payouts. Karpeles should be in jail for this.

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