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Topic
Board Beginners & Help
Re: Is Bitscoins dead with this Mt. Goth Scandal?
by
cz_miner
on 26/02/2014, 14:21:08 UTC
Does anyone know what the exact security loop hole it was that brought these guys down, was it a Finney attack of some kind?  I thought it was something to do with people making it look like they were deposits on the block chain but they weren't actually getting deposited.

I think that security issue was just a bad excuse for the company. They claimed that users manually requested double spending, but anyone, who had experience with mtgox's support knows that it takes more then a week for them to get back with an answer to any question. I can not imagine they loose that much on this security flow. Something was wrong with a company for a long time, they just passed the point of no return and closed the service. Its a pity people lost so much fiat and coins with gox.