Just read the report. It's disappointing that the price can be manipulated in such a way. I'm inclined to believe this was all an inside job by Mark rather than hackers.

Bravo to the author of this article. Very convincing indeed, but I do not have the time to go through the same analysis that the author went through, so I'll just take his word for what it is.

Assuming this to be 100% correct, then how is it still free market when you don't know if other large exchanges like btc-china, bitstamp, or btc-e are doing the same thing? The only way the mtgox order book was analyzed was because the database was leaked. You can't expect other exchanges to conveniently leak their database for you to verify.

maybe it's happening in more than one exchange.

perhaps even someone had insider knowledge of this, perhaps she was operating one of these exchanges, and threatened to publicize this information?

-bm

Especially when you consider the fact that some of them exchanges and alt coins operate under one roof, Bitropolis, overseen by none other than Bitcoin's Boy Toy, Brock Pierce.

This is a little off topic but I have first hand seen price manipulated on smaller exchanges. I have no idea how they did it but I would see orders at the top of the list to be filled which were way under the last trade price. I told the admins of the sites and they acted like they had no idea and fixed the problem but it doesn't instill confidence if someone like me needs to tell them.

Mt Gox was 99.9% an inside job, most likely perpetrated by Mark Karpeles. He was at a minimum, majorly involved in some way.

From the blatant lies about transaction malleability, always trying to shift blame to something else, never accepting responsibility for anything.

I guess Mark thought he could get away with it. 570k bitcoins that he just straight stole from all of his customers...that represents an unbelievable amount of untold greed.. and extreme sociopathic tendencies.

It's fucking insane.

Let us hope there can be justice.

But in this world that is run by Greed..... I doubt it.

The exchanges are all going to be very close to each other in price (assuming of course you can get money in/out of each). Anything anything of them does to force the price up or down, is going to be mirrored in every other exchange whether they like it or not

eventually, someone is left holding the bag. -bm

Reading the article now, of which I see (via a search) that the author forgot to mention User # 44557 (44557,ttux,marc@ttux.net,$1$zRJRdGL.$VFrVkrM.g/DPp9A6eQH5D.) of that first Mt Gox dump, of which I just easily connected BTCINVEST.ORG to.