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Author Topic: [2015-02-21] CNBC: Bitcoin hack report suggests inside job  (Read 1890 times)
LiteCoinGuy
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February 21, 2015, 08:33:43 AM
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Bitcoin hack report suggests inside job

A group of hackers investigating the collapse of Mt Gox, the Tokyo-based bitcoin exchange, has lent weight to the idea that it was an inside job, publishing a report detailing the activities of an automated bot that appeared to game the fragile system by buying hundreds of thousands of coins with fake money.

http://www.cnbc.com/id/102442027


summary: Mark used two bots to hide this tracks. hopefully he had done some mistake.

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Clegg
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February 21, 2015, 09:15:18 AM
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This theory isn't new and this is exactly what people had speculated had happened and I personally think it is very likely this business what lead to the collapse. What we really need to know or find out is what happened to the money and who has it. I'm sure Karpales is responsible in some way but it could be some other hackers or manipulators but sadly there's no concrete evidence pointing to the true culprit.
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February 21, 2015, 10:34:05 AM
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So exactly what the Japanese authorities thought.
Filthy Karpeles, it was him for sure...
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February 21, 2015, 01:27:04 PM
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I read an article about it on some bitcoin news site weeks ago. Apparently people working at Gox didn't have full access and Karpeles was trying to do everything by himself and got overwhelmed. They were stealing from under his nose while he was busy coding his bots Cheesy

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February 21, 2015, 04:00:18 PM
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So exactly what the Japanese authorities thought.
Filthy Karpeles, it was him for sure...

We were several steps ahead of them when we all noticed the suspicious issues that MT.GOX constantly had, Mark Karpeles is either grossly incompetent or implicit in what he's doing, he shouldn't get any profits from anything to do with MT.GOX let alone have a say in how it's run.

The U-Turn the press will do in light of this information is going to be pretty ironic considering how they were screaming about the MT.GOX collapse so much back when it actually happened.
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