Peter R
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February 19, 2014, 12:05:38 AM

I've never used Gox but I'd speculate that they didn't just find out by accident.
Their accounting probably didn't add up which caused them to investigate.
The question is would Gox notice if this happened on a small scale?

So if you successfully executed the exploit with a small amount you'd sure as hell try to transfer those coins back in to further multiply them.
After this whole thing went down and Gox stopped anything from going out there could very well be exploiters with btc stuck on gox on an account that is or will get implicated.
Do you really think that they will get to keep these btc without any dispute?

It was just a thought that occurred to me. The reality can be totally different but at least I do think that it is a possibility.


Let me see if I understand your theory:

- the group that was exploiting Gox's mishandling of the malleability issue got greedy and deposited a lot of bitcoins to go for a final "moon shot" fraudulent withdrawal,

- meanwhile, Gox realized that they had been robbed and locked down all accounts,

- the thieves became worried that Gox could link the stolen bitcoins to certain large accounts held at Gox,

- but Mark didn't have proof of what account it was yet, so the thieves were still able to trade,

- the thieves start the incessant dumping, selling indiscriminately to random people but also to certain accounts that they control.  This way, although they don't get to keep all the loot, they get to keep some of it.


I guess I'm skeptical of this theory because wouldn't Mark have shutdown trading if he could see that the dumping was coming from just a few accounts?  Isn't no trading better than someone selling stolen coins to obfuscate the money trial?