Experts Find Mt.Gox Only Lost 386 Bitcoins Due To Transaction Malleability

The title is not accurate. Mt.Gox could have lost <i>at most</i> 386 BTC to transaction malleability. From the report&#x27;s conclusion: &quot; As such, barely 386 bitcoins could have been stolen using malleability attacks from MtGox or from other businesses.&quot;<p>In other words, the set of &quot;successful&quot; transaction malleability attacks totalled a sum of 386 BTC among which some may or may not have been targeted at Mt.Gox (impossible to know without knowing Mt.Gox addresses).

While very interesting, the scope of this study is limited by the fact that their data collection only goes back to January 2013, so anything that happened before that was not considered. I don&#x27;t want to defend Gox, but it is conceivable that they lost significant amounts of BTC prior to this via TM and were just doing business with a deficit of BTC.

How easy&#x2F;difficult would it be to assemble and analyze the full set of transactions going back to mt gox&#x27;s start, assuming we know what we&#x27;re looking for and can just sift through looking for those, as the researchers did?

It may be inconvenient to keep as much of your holdings in cold storage as possible, but it&#x27;s much more convenient than assuming the third party service you&#x27;re using is secure&#x2F;not a bad actor.

I don&#x27;t know much about this, but is it possible that Mt Gox simply stole the bitcoin themselves and blamed it on hackers? I imagine the coin is supposed to be cryptographically protected, but I don&#x27;t know where users stored their keys. Bitcoin is so new that we all seem to have bought the malleability loss claim, but it could have been a red herring. Disclaimer: That is all speculation, I know nothing about this.

This seems to suggest that if someone did a thorough audit of MtGox&#x27;s mess they might be able to figure out where these bitcoins went.

While this doesn&#x27;t explain MtGox losses, this is still around 200k$ at today&#x27;s worth, enough to interest a lot of criminals

How can I get in on the class action lawsuit?

I know this sounds trollish, but why is the tech community so bullish on Bitcoin when theft seems so rampant&#x2F;easy?

386 - not a round number but a pretty recognisable one nonetheless.

Experts? Conspiracy. Inside job... <i>sigh</i> Popcorn. Bored. Ambivalent. Shadenfreude. Apathy.