Post
Topic
Board Bitcoin Discussion
Re: Freedom and Responsibility - or: why you FAILED if you lost money in MBC crash
by
joepie91
on 03/08/2011, 04:46:57 UTC
...remember how hundreds of accounts were cleaned out, all to the same address, and not a single automated red flag regarding fraud was triggered, letting through all the payments? How such an obvious fraudulent transaction went through, and was claimed to have been 'stopped manually', with no real security measures in place?

Can you tell me more about this event?  Was it the one posted by "Todd Bethell"?
I'm guessing that joepie91's talking about the mass clearout of mybitcoin accounts where people had used the same password for as their Mt Gox account after the Mt Gox database leak.
Exactly, this.

Hundreds of accounts were cleared out, I believe over 4000 BTC in total, all to the very same address. 3 friends of mine lost funds in that one, all of them went to the same address.