Ninjastic
Home
Search
Users
Boards
Addresses
Ctrl + K
Toggle theme
Open menu
Post
Edited versions
Quotes to this post
Post
8437549
Topic
746469
Board
Bitcoin Discussion
Topic OP
Was the price raise in November mainly driven by the MtGox hackers?
by
fairlay
on
19/08/2014, 15:51:23 UTC
Latest investigations on the MtGox case suggest that hackers found a possibility to create new accounts with a fake (fiat) balance. They used this to buy Bitcoin and withdraw them. This buys could have been the main reason for the price raise last November. We have just written a blog post on it with more details:
http://blog.fairlay.com/2014/08/connecting-the-dots-a-possible-connection-between-the-raise-in-november-mtgox-disaster-and-recent-price-drop/