raid_n
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February 19, 2014, 12:11:30 AM


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 a criminal selling stolen coins to obfuscate the money trial?


It is just one theory which did fit in well as a response to other more "extravagant" theories on the matter.
I think this is essentially the problem with Gox. Zip information about their status allows for wild speculation. Its the area 51 of bitcoin.

[edit] It would be interesting to know if Gox already has identified all successful exploits or if this is one giant cluster#$@# waiting to implode