Post
Topic
Board Bitcoin Discussion
New research proves: MtGox bitcoins NOT stolen using transaction malleability
by
Cdecker
on 27/03/2014, 00:17:18 UTC
We just published some results about the use transaction malleability in the Bitcoin network with a special focus on MtGox:

Quote from: Conclusion
The transaction malleability problem is real and should be considered
when implementing Bitcoin clients.

However, while MtGox claimed to have lost 850,000 bitcoins due to malleability
attacks, we merely observed a total of 302,000 bitcoins ever being
involved in malleability attacks. Of these, only 1,811 bitcoins were in
attacks before MtGox stopped users from withdrawing bitcoins. Even more,
78.64% of these attacks were ineffective. As such, barely 386 bitcoins could
have been stolen using malleability attacks from MtGox or from other
businesses. Even if all of these attacks were targeted against MtGox,
MtGox needs to explain the whereabouts of 849,600 bitcoins.

The complete results are here: http://bit.ly/1rCqKED