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November 20, 2013, 06:46:25 AM

It looks like the API has been hijacked somehow. It's playing the same series of trades over and over again, made to look like a crash is happening. Meanwhile the real price stays at 585.

There is nothing hijacked.  This happened many times before where gox"loops" trades.

Are you saying these trades actually happened? I have heard evidence to the contrary from several people with outstanding orders within the range depicted in the loop.