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There was no widespread use of malleability attacks before the closure of MtGox

81 pointsby roasbeefabout 11 years ago

7 comments

sillysaurus3about 11 years ago
What&#x27;s there to say? This is yet another piece of evidence that Mt. Gox was grossly incompetent. Unfortunately, it&#x27;s very difficult to prove whether or not there was any criminal fraud involved. If there was, and it could be proven, then at least justice could be served. If there wasn&#x27;t any fraud, and that could be proven, then at least it could be shown that Karpeles was just a bad businessman, not a fraudster, and his name could be cleared. This limbo leaves so many questions unanswered that it&#x27;s hard to know if we&#x27;re ever going to find out what truly happened.<p>Mt. Gox recently claimed they found 200,000 BTC that they&#x27;d lost track of. If their claim can be taken at face value, then I think it&#x27;s plausible they may have panicked back when their losses first became clear to them in February, leading them to blame it on malleability even though they didn&#x27;t really have a clue where their money went or why. They probably felt they had to tell people <i>something</i>, and saying &quot;we lost track of &gt;750,000 BTC for unknown reasons&quot; may have been less desirable than blaming their problems on something tangible, like transaction malleability. Unfortunately for them, it turns out that they were wrong about that.<p>So here we are. All that&#x27;s been demonstrated is that consumers currently have very little protection in this space, and that patio11 and others were right to warn people to be very careful with bitcoin.
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gargarplexabout 11 years ago
I personally believe that Karpeles committed fraud and stole users&#x27; money, but I believe that category of risk was absolutely known and correctly priced into the instrument. What do you folks think?<p>EDIT: A rational response is a much more satisfying outcome for you, if you can pull it off, rather than mere downvoting to attempt to force your hopes for reality onto the world.. yes, you do achieve a minor victory, a move forward against the hurt, downvoted opponent.. but not truly closer to victory, secure in a rational interpretation of events.
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reinhardt1053about 11 years ago
Karpelès was found guilty of a financial computer crime and of money transfer fraud when he was somewhere between 13 and 18 years old. The court gave him a 3 month suspended sentence and no criminal record.[0]<p>[0] <a href="http://en.wikipedia.org/wiki/Mark_Karpel%C3%A8s" rel="nofollow">http:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Mark_Karpel%C3%A8s</a>
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bobjordanabout 11 years ago
Take it with a grain of salt but at least there is a rumor that MtGox has found 670K more coins: <a href="http://theblogchain.com/news/mtgox-found-bitcoin/" rel="nofollow">http:&#x2F;&#x2F;theblogchain.com&#x2F;news&#x2F;mtgox-found-bitcoin&#x2F;</a>
negamaxabout 11 years ago
Blockchain is readable as this text. Just get a particular date range and check all transfers for that, filter by an amount!
wodzuabout 11 years ago
MtGox certainly benefited from these attacks as it proved the problem is real.<p>The real question is who was behind these attacks?
singularityyyabout 11 years ago
That seems like the most plausible scenario anyway. Karpeles was just trying to take down Bitcoin with him by blaming it on a &#x27;Bitcoin bug&#x27;. All this is a joke just like everything else in this sad saga, such as &quot;cold storage leaking&quot;.<p>I wouldn&#x27;t attribute to malice what could be explained by incompetence, but seriously, this cannot be explained by incompetence.