Post
Topic
Board Speculation
Re: Peter R's theory on the collapse of MtGox and its effect on the price of bitcoin
by
manifold
on 06/03/2014, 19:05:24 UTC
Later this day, a group of hackers gained access to MtGox servers and executed fake trades that the world could see, driving the nominal price of bitcoin near $0.  Mark was frantic.  He quickly regained control of the servers and learned the dark truth: the million bitcoins that had recently flooded in earlier that month were gone.  Mark admitted publically to the hack, rewound the false trades, but kept the truth of the missing coins a secret.  


Mark was in #bitcoin-dev at the time of the heist asking the bitcoin devs to roll back the blockchain, so that lines up with this theory.

Very interesting.  You wouldn't happen to have an IRC log or a link handy to a thread discussing this, would you?
Yes I'd like to see that too...

manifold  

PS: yes I also was goxxed... :-(
PPS: Interesting story, that at least explains all the events... but I hope it's not too close to the truth.
PPPS: The most puzzeling thing for me was the missing Fiat...  and your story (A bot selling/buying fake BTC) explains this....