>> (p.1)
    Author Topic: Psychopath dumped 500k btc, at least 261k of it at $0.01 [screenshot]  (Read 5758 times)

    • hazek (OP)
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    June 19, 2011, 06:33:37 PM
     #1
    I guess this is how mental illness looks like:
    My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right)

    If however you enjoyed my post: 15j781DjuJeVsZgYbDVt2NZsGrWKRWFHpp

  • hazek (OP)
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    June 19, 2011, 06:37:09 PM
     #2
    you can see the 500k volume at the top and the 261k order the at very right bottom.
    My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right)

    If however you enjoyed my post: 15j781DjuJeVsZgYbDVt2NZsGrWKRWFHpp

  • Bit_Happy
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    June 19, 2011, 06:40:08 PM
     #3
    Might have been a hacker, this could all be fake, maybe.
    Homeless Token (HOME) You Can Make Good Honest Money By Helping People In Urgent Need. | +++ Positive Coin +++ Stay Tuned!

  • Durr
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    June 19, 2011, 06:41:58 PM
     #4
    I think it's more in the trend of MtGox hacked, wallets of all customers emptied.

    Or Satoshi knowing that the system is flawed and leaving.

    Only Satoshi knows the algorithm.. no one else on this forum or from the developers know how it actually works since they can't break it (not even with the source).

  • TraderTimm
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    June 19, 2011, 06:42:42 PM
     #5
    If you don't mind, I'm going to put up what I saw on bitcoinmonitor.com here, since it is a screen shot thread...

    First Pic:



    Second Pic:



    Upon further reflection, seems an order this large could absorb all intervening bids/offers - but you should see those taken out in the trade history, not just crossing at 0.01. So, something is obviously messed up here. Waiting for an official comment from MagicalTux.
    fortitudinem multis - catenum regit omnia

  • AtlasONo
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    June 19, 2011, 06:44:25 PM
     #6
    The free market at work

  • Durr
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    June 19, 2011, 06:45:31 PM
     #7
    What are you talking about TradeTimm?

    The whole bid side of the Market Depth graph was emptied out.. Definitely all buy bids were completed.. With 260k left over at 0.01

  • DamienBlack
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    June 19, 2011, 06:45:50 PM
     #8
    It did take out everything in between, I can confirm that.

  • philipp
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    June 19, 2011, 06:47:01 PM
     #9
    Quote from: Durr on June 19, 2011, 06:41:58 PM
    I think it's more in the trend of MtGox hacked, wallets of all customers emptied.

    Or Satoshi knowing that the system is flawed and leaving.

    Only Satoshi knows the algorithm.. no one else on this forum or from the developers know how it actually works since they can't break it (not even with the source).

    Or some early adopteri wanting to counter all the whining about early adopters getting rich once Bitcoin takes off.

  • Isosceles
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    June 19, 2011, 06:48:12 PM
     #10
    Hazek, do you have a screenshot of the rest of the trades?

    Putting the numbers from your screenshot in to Excel, there was only $5.3k traded, of which $2.7k was >$10, and the remaining was the stub order

  • datafish
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    June 19, 2011, 06:49:34 PM
     #11
    Psychopath or government operative.  But I repeat myself.

  • semarjt
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    June 19, 2011, 07:03:36 PM
     #12
    Quote from: Durr on June 19, 2011, 06:41:58 PM
    I think it's more in the trend of MtGox hacked, wallets of all customers emptied.

    Or Satoshi knowing that the system is flawed and leaving.

    Only Satoshi knows the algorithm.. no one else on this forum or from the developers know how it actually works since they can't break it (not even with the source).

    what 'algorithm' are you refering to? sha256? http://en.wikipedia.org/wiki/SHA-2 ECDSA? http://en.wikipedia.org/wiki/Elliptic_Curve_DSA

    All algorithms used in the bitcoin protocol are very well documented. thousands of people 'know the algorithm'

    So, what exactly are you talking about. ....I suspect you do not know. And I have just wasted 7 minutes of my life.

  • hazek (OP)
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    June 19, 2011, 07:06:32 PM
     #13
    Quote from: Isosceles on June 19, 2011, 06:48:12 PM
    Hazek, do you have a screenshot of the rest of the trades?

    Putting the numbers from your screenshot in to Excel, there was only $5.3k traded, of which $2.7k was >$10, and the remaining was the stub order

    Nope sorry, that's most of what I caught when I was refreshing..

    Here's something missing from the screenshot:
    Code:
    Jun 19, 2011, 17:51:16 0.01000 261383.76
    Jun 19, 2011, 17:51:15 0.01000 1000.00
    Jun 19, 2011, 17:51:14 0.01000 50.00
    Jun 19, 2011, 17:51:13 0.01000 9.00
    Jun 19, 2011, 17:51:12 0.01000 0.07
    Jun 19, 2011, 17:51:11 0.01000 0.07
    Jun 19, 2011, 17:51:11 0.01000 100.00
    Jun 19, 2011, 17:49:33 1.02500 21.98
    Jun 19, 2011, 17:49:22 1.02500 4.49
    Jun 19, 2011, 17:49:22 1.02500 0.33
    Jun 19, 2011, 17:49:17 1.02500 12.50
    Jun 19, 2011, 17:49:17 7.40000 0.41
    Jun 19, 2011, 17:49:17 9.01000 27.63
    Jun 19, 2011, 17:49:17 10.60000 9.14
    Jun 19, 2011, 17:48:06 10.60000 3.00
    Jun 19, 2011, 17:47:50 10.60000 4.36
    Jun 19, 2011, 17:44:33 13.00000 1.00
    Jun 19, 2011, 17:43:06 13.00000 0.83
    Jun 19, 2011, 17:43:06 13.05000 0.42
    Jun 19, 2011, 17:16:21 17.02010 13.55
    Jun 19, 2011, 17:16:21 17.03000 1.00
    Jun 19, 2011, 17:16:21 17.05000 8.67
    Jun 19, 2011, 17:16:21 17.05000 6.82
    Jun 19, 2011, 17:16:21 17.05000 20.00
    Jun 19, 2011, 17:15:36 0.01000 10000.00
    Jun 19, 2011, 17:15:36 0.01000 1000.00
    Jun 19, 2011, 17:15:36 0.01000 895.00
    Jun 19, 2011, 17:15:36 0.01000 1000.00
    Jun 19, 2011, 17:15:36 0.01000 1.00
    Jun 19, 2011, 17:15:36 0.01000 10000.00
    Jun 19, 2011, 17:15:36 0.01000 30.00
    Jun 19, 2011, 17:15:36 0.01100 3000.00
    Jun 19, 2011, 17:15:36 0.01235 0.09
    Jun 19, 2011, 17:15:36 0.01235 0.32
    Jun 19, 2011, 17:15:36 0.01235 0.86
    My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right)

    If however you enjoyed my post: 15j781DjuJeVsZgYbDVt2NZsGrWKRWFHpp

  • Isosceles
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    June 19, 2011, 07:09:29 PM
     #14
    Someone uploaded it to pastebin. Answer here : http://forum.bitcoin.org/index.php?topic=19505.msg244493#msg244493

  • bitbitcoincoin
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    June 19, 2011, 07:10:59 PM
     #15
    Huge Bitcoin sell off due to a compromised account - rollback

    Mark Karpeles
    posted this on Jun-20 04:07

    The bitcoin will be back to around 17.5$/BTC after we rollback all trades that have happened after the huge Bitcoin sale that happened on June 20th near 3:00am (JST).

    Service should be back by June 20th 10:00am (JST, 01:00am GMT) with all the trades reversed and accounts available.

    One account with a lot of coins was compromised and whoever stole it (using a HK based IP to login) first sold all the coins in there, to buy those again just after, and then tried to withdraw the coins. The $1000/day withdraw limit was active for this account and the hacker could only get out with $1000 worth of coins.

    Apart from this no account was compromised, and nothing was lost. Due to the large impact this had on the Bitcoin market, we will rollback every trade which happened since the big sale, and ensure this account is secure before opening access again.

    mtgox.com

  • lonestranger
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    June 19, 2011, 07:13:14 PM
     #16
    But still unexplained is why Mt Gox reported out that the btc price fell to $.01...

  • Yeti
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    June 19, 2011, 07:16:20 PM
     #17
    Because they report the price of the last sale?! If that was the "last" sale for a couple of minutes then that was the price being reported, even if bid and ask might have been higher.
    1YetiaXeuRzX9QJoQNUW84oX2EiXnHgp3 or http://payb.tc/yeti

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  • lonestranger
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    June 19, 2011, 07:18:34 PM
     #18
    What kind of theif hacks an account and sells for $.01?

  • Grant
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    June 19, 2011, 07:19:05 PM
     #19
    To all of you who wonder, don't panic!

    <MagicalTux> we'll just rollback all affected trades

    It appears that 500k BTC trade was illegitimate, trading will resume after a rollback to its previous state, last trade was ~17$ Smiley

    Btw. i just sold almost all my bitcoins last few days i was hoping for the opposite, but this seems most fair for all to reverse an illegitimate trade.

  • lonestranger
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    June 19, 2011, 07:19:39 PM
     #20
    Uh, that's thief...I AM a true grammarian.
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