Live data from Hacker News

500k Bitcoins traded in 1h, Mt.Gox market hacked + crash

bitcoincharts.com

81–90 of 262 posts

Re: 500k Bitcoins traded in 1h, Mt.Gox market hacked + crash

#81
post #60

Newest update: Apparently someone got the whole user account database of Mt.Gox I wont publish the link to it though for obvious reasons. Quick analysis: the database is legit, it contains user id, username, email if set, and a bcrypt hash. The hashes seem salted with a global salt.

[deleted]

Re: 500k Bitcoins traded in 1h, Mt.Gox market hacked + crash

#82
post #60

Newest update: Apparently someone got the whole user account database of Mt.Gox I wont publish the link to it though for obvious reasons. Quick analysis: the database is legit, it contains user id, username, email if set, and a bcrypt hash. The hashes seem salted with a global salt.

I don't think the db is public, it's being sold for a price.

http://evilrouters.net/wp-content/uploads/2011/06/accounts.c...

Re: 500k Bitcoins traded in 1h, Mt.Gox market hacked + crash

#83
post #32

Interesting that on bitmarket.eu there are a lot of buy offers for 0.01€ suddenly. I wonder if those are already bots trying to automatically react to the mtgox price.

More likely, people trying to make bank when (not if) it happens again.

Ah, true, taking advantage of market glitches. I should add some positions for that, too :-)

Re: 500k Bitcoins traded in 1h, Mt.Gox market hacked + crash

#84
post #79

The entire account database was also leaked: http://forum.bitcoin.org/index.php?topic=19543.0

So it was... I confirmed my username is in there but at least passwords are hashed. Luckily, I never added an email address and used a different Username and pw than I do everywhere else. Gotta take precautions with bitcoin!

Re: 500k Bitcoins traded in 1h, Mt.Gox market hacked + crash

#86
post #60

Newest update: Apparently someone got the whole user account database of Mt.Gox I wont publish the link to it though for obvious reasons. Quick analysis: the database is legit, it contains user id, username, email if set, and a bcrypt hash. The hashes seem salted with a global salt.

I don't think the db is public, it's being sold for a price.

Quite public. At least passwords seem to be hashed, though.

Re: 500k Bitcoins traded in 1h, Mt.Gox market hacked + crash

#87
post #9

i must admit i'm somewhat impressed how fast the hackers and cheaters managed to take over bitcoin trading. i think it's kind of cute. people hoped for an economy no government could control, and got exactly that: anarchy and a burning world.

You're right about the anarchy, but I don't see the burning world. I don't see hackers and cheaters "taking over" bitcoin. An account was compromised, and despite there being no government regulation, the exchange stepped in, protected their customer, rolled back the trades and protected the market. That is anarchy exactly! But no burning world. And it is yet another realworld test that has been successfully met by t…

> and despite there being no government regulation, the exchange stepped in, protected their customer, rolled back the trades and protected the market

You know that's basically the same thing - central entity with overarching authority exerts its will over the market, canceling transactions it's deemed 'fraudulent' between two independent consenting entities. "Free hand of the market" ain't present here, chief - this is regulation.

Re: 500k Bitcoins traded in 1h, Mt.Gox market hacked + crash

#88

There's an alleged database dump of Mt Gox floating around... https://twitter.com/#!/954/status/82531189705019392 UPDATE: looks legit. http://forum.bitcoin.org/index.php?topic=19543.0 https://support.mtgox.com/entries/20208066-huge-bitcoin-sell...

Damn, I'm in there. Glad I used a generated password (from LastPass) so I don't have to change my passwords on a lot of various sites.

Re: 500k Bitcoins traded in 1h, Mt.Gox market hacked + crash

#89
post #9

i must admit i'm somewhat impressed how fast the hackers and cheaters managed to take over bitcoin trading. i think it's kind of cute. people hoped for an economy no government could control, and got exactly that: anarchy and a burning world.

Did you not read the outcome? The accounts are being rolled back while other exchanges are operating fine. These kinks have to be worked out and it's better late than never - even though it's relatively early.

Re: 500k Bitcoins traded in 1h, Mt.Gox market hacked + crash

#90
post #58

Earlier quoted context omitted.

Where is anarchy? What's burning? Someone sold a huge amount of Bitcoins. The market acted accordingly. Expect a bounce back to the old exchange rate as soon as Mt. Gox is available again. Of course it might be possible that the computer of the person who sold the Bitcoin was cracked. But that's not the fault of Bitcoin - if someone is not capable of taking care of the security of his local computer, it's better not…

> Of course it might be possible that the computer of the person who sold the Bitcoin was cracked. But that's not the fault of Bitcoin. Just like it's not the fault of the dollar if someone mugs you at gunpoint. Except robbing someone typically requires you to take physical risks and (threaten to) use violence. I'll be very curious to see any effective way of tracking down bitcoin thieves. If you have to be a securit…

If you have to be a security expert to own more than a few dollars worth of bitcoins, the project has effectively failed already.

Why?

It's true that key management and security are not as good as they could be in the official client, but that doesn't mean the project has failed, merely that the client needs to be improved.

Post reply on HN