A user story carrying a significant amount of Bitcoin on the trading site Mt. Goxwas hacked by an strange political party , who then attempted to sell the lot to themselves and exchange the Bitcoin into US dollars . Then all hell break free .
After word of this breach baffle out yesterday , the damage of Bitcoin plummeteddue to a monolithic sell off ( it was under $ 2 , presently around $ 4 ) , MT.GOX shut down for the day , and now they ’re wander back all trading to it ’s state before the breach .
The bitcoin will be back to around 17.5$/BTC after we rollback all trade wind that have happened after the immense Bitcoin sale that bechance on June 20th near 3:00am ( JST ) .
One account with a batch of coins was compromised and whoever stole it ( using a HK found IP to login ) first sell all the coin in there , to buy those again just after , and then tried to withdraw the coins . The $ 1000 / day withdraw limit was active for this story and the hacker could only get out with $ 1000 worth of coin .
Apart from this no score was compromised , and nothing was lose . Due to the large impact this had on the Bitcoin mart , we will rollback every trade which bechance since the big sale , and ensure this explanation is secure before open entree again .
It ’s still undetermined who was responsible for the hack , but the IP address originated out of Hong Kong . Mt. Gox is working to set ashore up any jam in their backend , and all users will be push to reauthenticate their accounts . But still , how were there not more stringent security measures for this entire economic ecosystem to start with ? [ Mt. GoxviaSlashdot ]
BitcoinCrimeHackersHackingHacksInternet
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