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MtGox Shuts Down, CEO Resigns From BTC Foundation

posted by Dopefish on Tuesday February 25 2014, @06:00PM   Printer-friendly
from the that-didn't-end-well dept.
lennier writes "Has Magic the Gathering Online Exchange tapped all its mana? MtGox, the first and best known Bitcoin exchange, has abruptly shut down, and CEO Mark Karpeles has resigned from the Bitcoin Foundation after rumors of ongoing theft related to the transaction malleability issue reported several weeks ago. According to the latest news reports, Bitcoin has hit a three-month low of $465 USD per coin."
 
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  • (Score: 1) by tynin on Wednesday February 26 2014, @10:28PM

    by tynin (2013) on Wednesday February 26 2014, @10:28PM (#7594) Journal

    I suspect you are very much correct in your understanding of the problem. You should be able to analyze the blockchain for these occurances. However you'd first need to identify all of the wallets mtgox uses to send out btc's. You could analyze the entire blockchain, but I suspect you'll find a shockingly large number of false positives due to things like pool payouts where you can setup your threshold on when they payout or even people manually moving the same amount of bitcoins over and over. I've seen some automated/bot bitcoin sellers that slowly trickle out sales of the same size over and over again (with the purpose of slowly selling btc's so to not impact the market price).