Hack Flashback: The Mt.Gox Hack - The Most Iconic Exchange ...

This Bitcoin address associated with the MtGox hack has a balance of 75,957.20 BTC and not a single satoshi has ever been moved out of it

You can see the history of the address here: https://bitinfocharts.com/bitcoin/address/1FeexV6bAHb8ybZjqQMjJrcCrHGW9sb6uF
On March 1, 2011 it received 79,956 BTC in a single transaction in what has been reported by Mark Karpeles to be associated with the MtGox hack. Karpeles is MagicalTux on Reddit. He seems to indicate that he believes Jed McCaleb (who is mtgox apparently in the chat logs in the linked reddit thread) may have had some part in the hack.
It's kind of a weird cultural aspect of Bitcoin that people continue to send coins to specific addresses as a sign of appreciation or respect or worship or whatever. For instance, this address has received an additional 1.2 BTC over the years, from 317 other transactions, mostly just dust amounts. Another is the BitcoinEater unspendable address that has received over 13 BTC in 306 transactions over the years. Another one that I guess makes a bit more sense is the address associated with the coinbase from the first block reward, which has received an extra 18.2 BTC in over 1900 transactions over the years. ¯\_(ツ)_/¯
submitted by jwinterm to CryptoCurrency [link] [comments]

Founder of Bitcoin Builder, Josh Jones, and one of mtgox's largest creditors just lost $37 million in a sim hack.

In a now deleted post the user zhoujianfu pleads for help from miners/community after 59471 BCH (~$22 million) and 1547 BTC (~$15 million) vanished from his wallets.
To confirm the legitimacy of the address in question (1Edu4yBtfAKwGGsQSa45euTSAG6A2Zbone) from which the total sum of $37 million in crypto currency was stolen, he signed the address:
Text:
zhoujianfu owns me.
Signature:
HKo7vjjvoCbRZPx39rtf1dSjEmA8qigIR4+F85BGCpbpHzmdq1vm6D8bQ9KA6RzFrKdihT/QoOfENDzNPQzL85k=
I have verified the signature as valid. The post which confirms that zhoujianfu is indeed Josh Jones can be found here. According to the deleted post, this was a "sim hack". Which wallet service was used or how Josh was able to retrieve the private keys to sign that message remains unknown, however there has been speculation that he has used blockchain.info or blockchain.com.
This shouldn't have any impact on his claim with mtgox or his creditors in bitcoin builder, but it seems relevant here nonetheless.
submitted by warz to mtgoxinsolvency [link] [comments]

This Bitcoin address associated with the MtGox hack has a balance of 75,957.20 BTC and not a single satoshi has ever been moved out of it

submitted by mitus-2 to mtgoxinsolvency [link] [comments]

Craig Wright Lawyer told to the court that he Craig control the bitcoins from hacked MtGox exchange

submitted by eventica to Crypto_Currency_News [link] [comments]

Craig Wright Lawyer told to the court that he Craig control the bitcoins from hacked MtGox exchange

Craig Wright Lawyer told to the court that he Craig control the bitcoins from hacked MtGox exchange submitted by eventica to CryptoCurrencyTrading [link] [comments]

Craig Wright Lawyer told to the court that he Craig control the bitcoins from hacked MtGox exchange

submitted by cryptoallbot to cryptoall [link] [comments]

V. Buterin considers the failure to raise the blocksize as worse than the MtGox hack for Bitcoin.

V. Buterin considers the failure to raise the blocksize as worse than the MtGox hack for Bitcoin. submitted by 16th_hop to btc [link] [comments]

Vitalik Buterin: Bitcoin’s Failure to Increase Block Size Worse than MtGox Hack

Vitalik Buterin: Bitcoin’s Failure to Increase Block Size Worse than MtGox Hack submitted by NibiruHybrid to CryptoCurrency [link] [comments]

Vitalik Buterin: Bitcoin’s Failure to Increase Block Size Worse than MtGox Hack

Vitalik Buterin: Bitcoin’s Failure to Increase Block Size Worse than MtGox Hack submitted by NibiruHybrid to btc [link] [comments]

This Bitcoin address associated with the MtGox hack has a balance of 75,957.20 BTC and not a single satoshi has ever been moved out of it

This Bitcoin address associated with the MtGox hack has a balance of 75,957.20 BTC and not a single satoshi has ever been moved out of it submitted by scgco to GGCrypto [link] [comments]

Vitalik Buterin: Bitcoin’s Failure to Increase Block Size Worse than MtGox Hack

Vitalik Buterin: Bitcoin’s Failure to Increase Block Size Worse than MtGox Hack submitted by NibiruHybrid to dashpay [link] [comments]

Vitalik Buterin: Bitcoin’s *failure* to raise its blocksize by a significant amount in 2016–17 was a travesty and a great violation of many people’s expectations of the protocol, and one that led to more total losses due to excess txfees than the amount lost in the MtGox hack)

Vitalik Buterin: Bitcoin’s *failure* to raise its blocksize by a significant amount in 2016–17 was a travesty and a great violation of many people’s expectations of the protocol, and one that led to more total losses due to excess txfees than the amount lost in the MtGox hack) submitted by SoundSalad to Bitcoin [link] [comments]

MtGox and a bubble are short term indicators. New Bitcoin development projects left and right and security experts not being able to hack the platform are long term indicators

that is all
submitted by chiefy81 to Bitcoin [link] [comments]

Vitalik Buterin: Bitcoin’s Failure to Increase Block Size Worse than MtGox Hack

Vitalik Buterin: Bitcoin’s Failure to Increase Block Size Worse than MtGox Hack submitted by NibiruHybrid to Crypto_Currency_News [link] [comments]

Vitalik Buterin: Bitcoin’s Failure to Increase Block Size Worse than MtGox Hack

Vitalik Buterin: Bitcoin’s Failure to Increase Block Size Worse than MtGox Hack submitted by DCC_Official to altcoin_news [link] [comments]

Vitalik Buterin: Bitcoin’s Failure to Increase Block Size Worse than MtGox Hack

Vitalik Buterin: Bitcoin’s Failure to Increase Block Size Worse than MtGox Hack submitted by cryptoallbot to cryptoall [link] [comments]

Vitalik Buterin: Bitcoin Scalability Problem Worse than MtGox Hack

Vitalik Buterin: Bitcoin Scalability Problem Worse than MtGox Hack submitted by grittygatorr to CryptoCurrency [link] [comments]

Reminder! Take your bitcoins off exchanges if not actively being used. The current setting is ripe for a "hack." MtGox 2.0 could happen at anytime.

Stay safe!
submitted by darthmayter to Bitcoin [link] [comments]

Vitalik Buterin: Bitcoin’s Failure to Increase Block Size Worse than MtGox Hack

Vitalik Buterin: Bitcoin’s Failure to Increase Block Size Worse than MtGox Hack submitted by scgco to GGCrypto [link] [comments]

Former Hacked Bitcoin Exchange MtGox CEO is appointed CTO of a crypto currency company

Former Hacked Bitcoin Exchange MtGox CEO is appointed CTO of a crypto currency company submitted by MemoryDealers to technology [link] [comments]

I'd just like to point out that the MtGox hack is entirely a failing of a single exchange, not Bitcoin itself, details inside.

The Mt. Gox hack has caused quite a bit of discussion about bitcoins weaknesses, especially in regards to security.
But I want to remind everyone that the failing that occurred here was of a single site/exchange, and the policies/implementation thereof.
If Bitcoin is ever to become truly robust, multiple exchanges with different competing security practices must exist. A good idea for instance might be exchanges that keep incoming funds in offline wallets and require some delay time/manual intervention for withdraws.
Now all such policies are debatable, but the great value in Bitcoin is in decentralization allowing for competing exchanges with different security policies.
As much as it sucks to see such a massive heist, Bitcoin is doing it's job perfectly well in this instance, it's performing just like a precious metal that's infinitely easier to transport.
With Bitcoin transactions being non-reversable Bitcoin exchanges should probably be even slower at releasing funds than existing banks/exchanges. Multiple exchanges should spring up to cater to different the different needs and acceptable risk level of traders, but none should fail so miserably at website security.
I hope the incident helps to bring the light the issue of exchange security, and the market for competing exchanges with a stronger security focus.
submitted by go1dfish to Bitcoin [link] [comments]

[uncensored-r/Bitcoin] Coincheck hack predicted by MtGox Owner Mark Karpeles

The following post by Seneca7 is being replicated because the post has been silently removed and some comments within it have been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7twtxc
The original post's content was as follows:
MagicalTux 1 point 9 days ago There are a few things out there that feel like MtGox back in late January 2014. I sure hope I'm wrong.
3 days Ago: Coincheck hacked for largest theft in bitcoin history.
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

BitCoin HACK? MTGOX HACK : What do it mean? Cryptocurrency News - Mt. Gox Bitcoin Hack - Craig Wright Bitcoin News and the MtGox Hack on BBC News 1300 Dollar pro Bitcoin! Mt.Gox Entschädigung - IOTA News nach Hack - BTC Chart Bitcoin FUD - Mt Gox, Binance Hack, SEC Regulations!

The Mt. Gox hack. On 7 February 2014, Mt. Gox stopped all bitcoin withdrawals, claiming that it was merely pausing withdrawal requests “to obtain a clear technical view of the currency process.” After a number of weeks of uncertainty, on 24 February 2014, the exchange suspended all trading and the website went offline. About Mt. Gox. In February 2014 Mt. Gox suspended trading and filed for bankruptcy after approximately 850,000 Bitcoins were stolen, at the time, valued at more than $450m. This What Bitcoin Did series of interviews is with a number of the key people related to Mt. Gox. 79.956 BTC auf der Wallet-Adresse vom Mt. Gox Hack. Ein Blick auf den Bitcoin Block Explorer verdeutlicht recht schnell, dass sich auf der Wallet noch immer 79.956 BTC befinden. Dementsprechend liegen mehrere Millionen US-Dollar auf dem Konto der Angreifer. Auch Riccardo Spagni, Monero-Entwickler, scheint etwas überrascht von der aktuellen Entwicklung. Laut Spagni würde ein öffentliches ... Mt. Gox took a devastating hit in the largest bitcoin hack to date. Hackers accessed and stole 740,000 bitcoin from Mt. Gox customers and 100,000 from the company itself, roughly the equivalent of $460 million at the time. The event quickly spiraled out of control and the company was bankrupt by the end of February 2014. Der Mt. Gox Hack wird immer als einer der schlimmsten in der Geschichte von Bitcoin in Erinnerung bleiben. Die Opfer haben jahrelang auf eine Entschädigung gewartet und die Umsetzung des Rehabilitationsplans wurde wiederholt verschoben. Ein Dokument des Bezirksgerichts Tokio vom 30. Juni deutet allerdings darauf hin, dass eine Entscheidung über die Entschädigung bald abgeschlossen sein ...

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BitCoin HACK? MTGOX HACK : What do it mean?

Bitcoin News and the MtGox Hack on BBC News Tesla Fly. Loading... Unsubscribe from Tesla Fly? ... The Mt.Gox Story (Bitcoin Exchange) - Duration: 7:23. Digital Dojos 9,404 views. 7:23 . What is ... 1300 Dollar pro Bitcoin! Mt.Gox Entschädigung - IOTA News nach Hack - BTC Chart Mt.Gox Entschädigung - IOTA News nach Hack - BTC Chart Finanzielle Freiheit dank Kryptowährungen Mt. Gox, once the world's largest bitcoin exchange, is now offline after losing about $350 million to a two year-long hack that went undetected by the compan... The Curse of Mt Gox Still Haunts Us - Bitcoin Crash - Duration: 9:24. Bitraged 5,615 views. 9:24 . 80 Trillion Dollar Bitcoin Exit Plan - Duration: 22:12. Mineable 340,482 views. 22:12. Mix Play ... Cryptocurrency News - Mt. Gox Bitcoin Hack! Craig Wright has been in legal battles for a very long time now. Craig Wright also claims to be Satoshi and the creator of Bitcoin. In a recent ...

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