1 BTC = 1,000,000,000 USD?

[JompinDox]

Bug or Hack?



Check it out now.

[kentrolla]

tux says its legit.

[JompinDox]

tux says its legit.

Huh? Where?

[Technomage]

tux says its legit.

that statement is ridiculous. I have confirmations from dozens of people of DISAPPEARING ASK ORDERS. The system is bugged to hell, so it's NOT LEGIT. tux is out of his mind.

[Technomage]

trading has been halted apparently as they investigate the bug

[Sukrim]

Messed up the charts at bitcoincharts.com quite well...

Interesting that now MtGox seems to get hacked the other way round - probably buying BTC with fake USD?

[Technomage]

Interesting that now MtGox seems to get hacked the other way round - probably buying BTC with fake USD?

Unlikely to be a hack of any sort. Not much actual buying happened, ask orders simply disappeared. It's their trading engine that has a serious bug (most likely).

[TTBit]

Wasn't there a bug a few weeks ago that halted trading, and when resumed came back at a high of $9.70?

Start the rumor that $1B is trying to go through, and $100 coins are a reality.

[Technomage]

Probably a rollback to somewhere between $11 and $11.5 is going to happen.

[wrend]

If you have any info or comments, do share.

[kangasbros]

LOL, these guys have been doing this for couple of years now, and still these weird bugs...

[proudhon]

I was a momentary trillionaire.

[Spekulatius]

This resembles the recent btc-e.com hack very much. First USD are injected into the database, then all available btc are bought up and tried to send off the site.

[Ente]

Dammit!
I should have set a sell order for 1000US$, just to catch those, uhm, events! :-)
Since, you know, maybe someone with a lot of BTC messed up.. fat fingers, cat doing the keyboard walk, mixing up "," "." or simply a bot going amok. Knight bot, anyone?

I hope this will be rolled back, though. It messes up all those charts!  

Ente

[phorensic]

LOL, these guys have been doing this for couple of years now, and still these weird bugs...

LOL, Microsoft has been writing Windows code for 26 years now, and still these weird bugs...

[kentrolla]

How is it possible to roll back a glitch like this? since bitcoin transactions are non-reversible, what if someone made 200btc off of this glitch and withdrew his coins?  how could they fix that?

[wrend]

so what is the maximum daily Withdrawal from MtGox?, and multiply it by possibly 100 temporary accounts?

[kentrolla]

so what is the maximum daily Withdrawal from MtGox?, and multiply it by possibly 100 temporary accounts?

max daily is 200btc.  but, i would guess that more than 100 people withdrew coins

[Ente]

so what is the maximum daily Withdrawal from MtGox?, and multiply it by possibly 100 temporary accounts?

If you hack/steal/obtain a lot of bitcoins through one account, you can only transfer as much as your daily limit to temp accounts too. So that won't help. If you use many temp accounts to begin with, I hope MtGox alarms go crazy. It should look suspicious if hundreds of new, unused accounts (from the same ip maybe?) get loaded with billions of dollars at the same time..

We'll find out.

My guess so far: MTGOX WAS ZHOUTONGED!

(lol)

Ente

[wrend]

So maybe if MtGox had not prevented simultaneous withdrawals from different accounts this might be the biggest Heist?
Bitcoin is worth every penny in entertainment terms.

And you hope that not all of Pirates Coins were stolen.