The History of the Mt Gox Hack: Bitcoin's Biggest Heist

What does /r/Libertarian think about the morality of the MtGox Bitcoin theft/rollback?

** The details of this are not 100% agreed upon yet, but I think the amount of information from both parties provides a moral dilemma **
Days ago the biggest Bitcoin exchange (MtGox) crashed with the value of BTC in USD going from $17.50 to $0.01 in 3 minutes. This happened because a single account was compromised with over $8 Million worth of coins, issuing a sell order for everything at $0.01 causing the market to crash as all the traders put lower and lower bids in, and eventually finding the lower bound and draining it. The market did make almost a full recovery in a few minutes, but MtGox pulled it offline.
Here is what they have to say:
Here are my questions:
Thank you reddit!
submitted by KayRice to Libertarian [link] [comments]

What does /r/Republican think about the morality of the MtGox Bitcoin theft/rollback?

** The details of this are not 100% agreed upon yet, but I think the amount of information from both parties provides a moral dilemma **
Days ago the biggest Bitcoin exchange (MtGox) crashed with the value of BTC in USD going from $17.50 to $0.01 in 3 minutes. This happened because a single account was compromised with over $8 Million worth of coins, issuing a sell order for everything at $0.01 causing the market to crash as all the traders put lower and lower bids in, and eventually finding the lower bound and draining it. The market did make almost a full recovery in a few minutes, but MtGox pulled it offline.
Here is what they have to say:
Here are my questions:
Thank you reddit!
submitted by KayRice to Republican [link] [comments]

What does /r/Democrats think about the morality of the MtGox Bitcoin theft/rollback?

** The details of this are not 100% agreed upon yet, but I think the amount of information from both parties provides a moral dilemma **
Days ago the biggest Bitcoin exchange (MtGox) crashed with the value of BTC in USD going from $17.50 to $0.01 in 3 minutes. This happened because a single account was compromised with over $8 Million worth of coins, issuing a sell order for everything at $0.01 causing the market to crash as all the traders put lower and lower bids in, and eventually finding the lower bound and draining it. The market did make almost a full recovery in a few minutes, but MtGox pulled it offline.
Here is what they have to say:
Here are my questions:
Thank you reddit!
submitted by KayRice to democrats [link] [comments]

Spain breaks up bitcoin cybercrime gang after $1.2 billion spree related to mtgox theft

Spain breaks up bitcoin cybercrime gang after $1.2 billion spree related to mtgox theft submitted by adolfaberHitler to Bitcoin [link] [comments]

Spain breaks up bitcoin cybercrime gang after $1.2 billion spree related to mtgox theft

Spain breaks up bitcoin cybercrime gang after $1.2 billion spree related to mtgox theft submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

A question about the MtGox situation and bitcoin theft in general

My understanding of the MtGox situation is thin, but my understanding is that hundreds of thousands of identifiable bitcoins are missing.
My question is, shouldn't it be impossible to spend/move/exchange a stolen bitcoin (let alone hundreds of thousands of them) without immediately getting caught?
Couldn't all the unique identifiers associated with all the missing bitcoins be put on a "no spend" list, so that any transaction attempted with them would immediately raise an alarm?
submitted by flossdaily to Bitcoin [link] [comments]

If you have an account with an exchange, how do you secure your bitcoins from possible theft or exchange issues like MtGox?

submitted by Arsene_Lupin to Bitcoin [link] [comments]

MtGox: The Bitcoin Police - What the largest exchange is doing about the Linode theft and the implications

MtGox: The Bitcoin Police - What the largest exchange is doing about the Linode theft and the implications submitted by BitcoinMagazine to Bitcoin [link] [comments]

How is btc safe if thefts like what happened to mtgox and bitfinex occur? /r/Bitcoin

How is btc safe if thefts like what happened to mtgox and bitfinex occur? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

French MtGox CEO to be rearrested over bitcoin theft claims in Japan

French MtGox CEO to be rearrested over bitcoin theft claims in Japan submitted by rotoreuters to betternews [link] [comments]

The troubled MtGox Bitcoin exchange filed for bankruptcy protection in Japan Friday, saying it had lost nearly half a billion dollars worth of the digital currency in a possible theft.

submitted by emman1993 to worldnews [link] [comments]

Slashdot's take on MtGox -http://news.slashdot.org/story/14/02/25/1343235/mt-gox-gone-apparent-theft-shakes-bitcoin-world

Mt. Gox Gone? Apparent Theft Shakes Bitcoin World
http://news.slashdot.org/story/14/02/25/1343235/mt-gox-gone-apparent-theft-shakes-bitcoin-world
submitted by deadmul3 to Bitcoin [link] [comments]

NYTimes writes about MtGox collapse: "Apparent Theft at Mt. Gox Shakes Bitcoin World"

NYTimes writes about MtGox collapse: submitted by afwaller to Bitcoin [link] [comments]

Bitcoin exchange MtGox offline amid rumours of theft

Bitcoin exchange MtGox offline amid rumours of theft submitted by matts2 to Libertarian [link] [comments]

MtGox implosion and theft explained by a Bitcoin hater

MtGox implosion and theft explained by a Bitcoin hater submitted by coinwatcher to Bitcoin [link] [comments]

Bitcoin is a Ponzi scheme! MtGox implosion and theft explained

Bitcoin is a Ponzi scheme! MtGox implosion and theft explained submitted by AgentZeroM to shitbitcoinhaterssay [link] [comments]

Bitcoin exchange MtGox offline amid rumours of theft

submitted by martinsaltpetre to worldnews [link] [comments]

Bitcoin exchange MtGox offline amid rumours of theft | Technology

Bitcoin exchange MtGox offline amid rumours of theft | Technology submitted by MyMotivation to Bitcoin [link] [comments]

Bitcoin exchange MtGox offline amid rumours of theft

submitted by rssr to test16 [link] [comments]

✅ The Infamous Money Heist On Cryptocurrency Exchanges

✅ The Infamous Money Heist On Cryptocurrency Exchanges
Every single day, we hear a news crypto-theft, account hacking, and exchange hacks, however, it is important to understand that bitcoin and any other decentralized currencies are quite secure due to the use of blockchain and cryptography. Hackers usually target the platform where it is stored to steal the digital currency.......Read here 👉 https://bit.ly/3fXLe8b
#Cryptotheft #Cryptocurrency #Hacking #Okcoin #Mtgox #Cryptography #Encrypted #Simonchoi #Nemtokens #Bitfloor #bitfinex #blockchain #Digitalcurrency #Hackers #ICOrating.com
submitted by cryptoknowmics to ckm_official [link] [comments]

Disappeared coins: Almost no talk

Why is it so little talk about the disappeared coins? I mean, it is such huge amounts and it must be a few persons who control a big chunk of it, it cannot be impossible to find these persons and get it back. Even if not all coins are recovered in time for distributions, I think it should be a clausal saying that any coins that are found also after distributions should be distributed as much as possible to the creditors. Has it been any discussions about this?
submitted by Marcus_678 to mtgoxinsolvency [link] [comments]

WizSec: Breaking open the MtGox case

WizSec: Breaking open the MtGox case submitted by nikuhodai to Bitcoin [link] [comments]

Bitcoin: Creation, Circulation, Usage, Problems & Advantages - Currency of Internet Mt. Gox - Bitcoin's Darkest Day Mt. Gox Shuts Down: Is Bitcoin Dead? Virtual Bitcoins worth $425 million disappear Craig Wright Claims To Own Stolen Mt Gox Bitcoin

Tokyo-based bitcoin exchange Mt. Gox filed for bankruptcy last week, saying hackers had stolen the equivalent of $460 million from its online coffers. The news rocked the bitcoin world, and it The prominent Bitcoin exchange was said to be on the verge of total collapse following a major theft, even as another company announced plans for a high-profile virtual currency market. The sixth richest Bitcoin wallet with nearly BTC 80,000 (c. USD 653 million) has been lying dormant ever since March 2011. The coins originate from the first major hack of the now bankrupt Mt. Gox exchange, and the owner of the wallet has never At the beginning of 2014, Mt Gox, a bitcoin exchange based in Japan, was the largest bitcoin exchange in the world, handling over 70% of all bitcoin transactions worldwide. By the end of February of that year, it was bankrupt. Anyone who was using Mt. Gox lost access to their assets, and it has been a cautionary tale for crypto investors. Uh. [Fri Apr 29 12:22:02 2011] Mark Karpelès: got another 15k from someone I guess [Fri Apr 29 12:22:09 2011] Mark Karpelès: (already forwarded to you [Fri Apr 29 12:22:47 2011] mtgox: you have to take in 15k or so a day or the price will drop right [Fri Apr 29 12:23:00 2011] mtgox: since there are 7k btc made a day [Fri Apr 29 12:23:08 2011] Mark Karpelès: europe already gets ~15k/day [Fri

[index] [2297] [27186] [1881] [834] [21857] [23798] [24756] [16504] [13398] [436]

Bitcoin: Creation, Circulation, Usage, Problems & Advantages - Currency of Internet

Mt. Gox, once the world's largest Bitcoin exchange, shut down following a reported theft of over 700,000 bitcoin. Affected users are despondent, and some analysts are wondering if this is the end ... Bitcoin Thefts Mt. Gox –mtgox.com, short for "Magic: The Gathering Online eXchange’ in 2006. World’s leading bitcoin exchange in 2013-14 - 850,000 bitcoins were stolen which amounted to $450 ... In this video I discuss what we know about the Mt. Gox theft. I cover many of the points made in Wizzsec's presentation as well as cover some additional angles they did not. If you want Wizzsec's ... One of the largest online exchanges for Bitcoins, a digital cryptocurrency "mined" by computers, has closed down amid allegations of theft. The founder of the Tokyo-based Mt. Gox website admitted ... One of the largest online exchanges for Bitcoins, a digital cryptocurrency "mined" by computers, has closed down amid allegations of theft. The founder of the Tokyo-based Mt. Gox website admitted ...

Flag Counter