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Page 63 of 2117

First

13 43 53 58 59 60 61 62 63 64 65 66 67 68 73 83 113 163 263 563 1063

Last

06-19-2011 , 02:04 PM

#1551

gehrig

Carpal \'Tunnel

Join Date: Sep 2004 Posts: 8,241

Quote:

Originally Posted by Gullanian

Apparently what people are saying is someone just filled all the buy orders on MtGox, IE an early adopter selling off.

Someone literally entered a sell order of 500,000BTC at 1 cent.

That's not something an early adopter looking to make money would do.

Quote

06-19-2011 , 02:05 PM

#1552

doublec

journeyman

Join Date: May 2007 Posts: 315

The btcex exchange is going wild in ruble trades right now too.

Quote

06-19-2011 , 02:05 PM

#1553

Gullanian

Carpal \'Tunnel

Join Date: Dec 2006 Posts: 14,014

I read earlier there was a transaction in the block explorer of ~450,000 BC which was attributed to MtGox moving the users funds around. If 500,000 BC was really sold this looks like MtGox got hacked?

Quote

06-19-2011 , 02:07 PM

#1554

MasterLJ

Carpal \'Tunnel

Join Date: Dec 2005 Posts: 13,684

Yeah... I have a charter, and it's bounced off zero a whole bunch of times.

Let's just say there's an alarming amount of financial ignorance in the btc markets right now.

Quote

06-19-2011 , 02:08 PM

#1555

MasterLJ

Carpal \'Tunnel

Join Date: Dec 2005 Posts: 13,684

Quote:

Originally Posted by Gullanian

Yeah, I can't imagine that someone who acquired so many coins would be foolish enough to sell so ******edly, unless they know something we don't like a dupe exploit or some flaw in the fundamental structure of btc.

Quote

06-19-2011 , 02:10 PM

#1556

Gullanian

Carpal \'Tunnel

Join Date: Dec 2006 Posts: 14,014

If MtGox was hacked, an attacker could theoretically transfer all BC to their wallets, then create the sell orders. The MtGox BC balances are just promises. They could of done this just to cover their backs, cause confusion as they disperse their wealth into multiple wallets?

Quote

06-19-2011 , 02:11 PM

#1557

Gullanian

Carpal \'Tunnel

Join Date: Dec 2006 Posts: 14,014

Quote:

Originally Posted by MasterLJ

If they have stolen the BC already then the selloff wasn't real as it isn't backed by any actual BC. If this has happened then it's not good news for MtGox.

Quote

06-19-2011 , 02:20 PM

#1558

MasterLJ

Carpal \'Tunnel

Join Date: Dec 2005 Posts: 13,684

Looks like mtgox just pulled the plug

Quote

06-19-2011 , 02:22 PM

#1559

Freakin

bacon wannabe

Join Date: Sep 2004 Posts: 17,153

Anyone got tux on irc?

I suspect hacking, not large legit selloff

Quote

06-19-2011 , 02:22 PM

#1560

Freakin

bacon wannabe

Join Date: Sep 2004 Posts: 17,153

Gox is down.

Quote

06-19-2011 , 02:22 PM

#1561

MasterLJ

Carpal \'Tunnel

Join Date: Dec 2005 Posts: 13,684

If anyone wants to do bitcoin for PayPal, let me know, I'll pay a generous vig. Obviously you'd need to ship first, but I have tons and tons of references for successful cash trades on poker sites.

Quote

06-19-2011 , 02:23 PM

#1562

MasterLJ

Carpal \'Tunnel

Join Date: Dec 2005 Posts: 13,684

Quote:

Originally Posted by Freakin

Anyone got tux on irc?

I suspect hacking, not large legit selloff

The thing is, if any of their trades are automated, it might have honored some of those 0.01 trades.

Quote

06-19-2011 , 02:26 PM

#1563

anyhero

adept

Join Date: Mar 2008 Posts: 855

Hopefully no one withdrew the bitcoins they bought at ridiculously cheap prices before Mt. Gox pulled the plug, because then Mt. Gox can just reset the market to before the selloff.

Otherwise it probably spells the end for Mt. Gox.

Quote

06-19-2011 , 02:27 PM

#1564

Gullanian

Carpal \'Tunnel

Join Date: Dec 2006 Posts: 14,014

http://blockexplorer.com/address/18T...x52uzJNmVFw9y9

Quote

06-19-2011 , 02:29 PM

#1565

Freakin

bacon wannabe

Join Date: Sep 2004 Posts: 17,153

Quote:

Originally Posted by MasterLJ

The thing is, if any of their trades are automated, it might have honored some of those 0.01 trades.

If someone hacked the db and gave themselves 500k btc balance, they are not legit trades.

Tux could revert to a backup or undo trades from a certain point forward

Quote

06-19-2011 , 02:29 PM

#1566

MasterLJ

Carpal \'Tunnel

Join Date: Dec 2005 Posts: 13,684

Quote

06-19-2011 , 02:29 PM

#1567

doublec

journeyman

Join Date: May 2007 Posts: 315

Quote:

Originally Posted by Freakin

Anyone got tux on irc?

I suspect hacking, not large legit selloff

He was in #bitcoin-otc briefly (NZ times):

Quote:

06:18 <+MagicalTux> holy sh*t ?
...
06:21 <+MagicalTux> Gaming4JC: it's not a ddos
...
06:21 <+MagicalTux> Gaming4JC: not a ddos, now let me work

Just after that Mt Gox went down.

Quote

06-19-2011 , 02:30 PM

#1568

Gullanian

Carpal \'Tunnel

Join Date: Dec 2006 Posts: 14,014

Who is Tux?

Quote

06-19-2011 , 02:32 PM

#1569

MasterLJ

Carpal \'Tunnel

Join Date: Dec 2005 Posts: 13,684

I mean, it's clearly not DDOS, that's now what DDOS does. Someone clearly has control over his system, he needs to hire some security experts if he wants to maintain the top dog in the bitcoin exchange world.

Quote

06-19-2011 , 02:33 PM

#1570

Freakin

bacon wannabe

Join Date: Sep 2004 Posts: 17,153

Quote:

Originally Posted by Gullanian

Who is Tux?

Tux = mtgox

Quote

06-19-2011 , 02:35 PM

#1571

Freakin

bacon wannabe

Join Date: Sep 2004 Posts: 17,153

Quote:

Originally Posted by MasterLJ

It may already be too late for gox...

Quote

06-19-2011 , 02:40 PM

#1572

doublec

journeyman

Join Date: May 2007 Posts: 315

From IRC:

Quote:

06:37 <+MagicalTux> patapper: "wait 5min, I got things in hand and I'm writing a statement now"
...
06:41 <+MagicalTux> NxTitle: someone with lots of coins did get hacked

Quote

06-19-2011 , 02:45 PM

#1573

MasterLJ

Carpal \'Tunnel

Join Date: Dec 2005 Posts: 13,684

What does that mean though? As Freakin said, if they aren't legit trades they should be able to reverse them with no harm done to anyone.

MtGox is generating tons and tons of revenue, they can get some experts in there to help with security.