> The cold storage has been wiped out due to a leak in the hotwallet Sort of implies that "cold wallet" meant "bot-controlled wallet that could automatically refill 'hot-wallet'."
In other words, a second-layer hot-wallet. Never assume malice for that which is equally explainable with stupidity. On 25/02/14 03:35, Lodewijk andré de la porte wrote: > MTGOX just started serving this: > The requested page was not found on this server > > > The cold storage has been wiped out due to a leak in the hotwallet > > what? > > > Sorry but you do check your total balance every so often. > > I mean you do. > > > "Injections in coin are most useful (enough to run the exchange) but some > cash is also needed to not run a fractional reserve" > > This is actually really decent news. Running a fractional reserve would be > very tolerable. It's interesting they mention turning off trade for a > month, that's quite a lot. And it might just have started right now. > > > 744,408 were stolen > but they have a liability of 624,408 BTC > > Those numbers seem in the right order (if everything is kinda effed). > > > "Coins for equity, coin donations, and cash injections to buy coins at the > cheapMtGox price are some options among many." > > I think I could do with some equity. But I wonder if it'd be a good deal, > given their distinct lack of Bitcoin (according to this document). > > > "To avoid a bank run from customers, the daily amount of bitcoin and > cashwithdrawals will be limited." > > Seems nobody got burned. Just for a while. > > > Anyway. The question of how this happened is not really answered. "Poor > Bitcoin accounting" is an understatement. Your hot wallet leaking is also > not a very realistic thing, unless it was just a steady steal. > > How can someone steal all the money and not be detected (by anyone)? > > Can we somehow just revert the theft transactions? I'd at least like to > know what happened to the coins. Who has them? Who goes to jail for it? > > > > This is a pretty strange way for all this to turn out if you ask me. I > wonder who didn't get burned. > > > 2014-02-25 3:49 GMT+01:00 Rich Jones <[email protected]>: >> >> Alleged leaked doc from inside Mt. Gox: > http://www.scribd.com/doc/209050732/MtGox-Situation-Crisis-Strategy-Draft >> >> Nasty lookin', especially that assets and liabilities page! Although I > don't understand how the theft could affect their cold storage. >> >> Soooooo.. who got burned? >> >> R > -- Please help support my crowdfunding campaign, IndieBB: Currently at 27.4% of funding goal, with 17 days left: http://igg.me/at/yourfirstgmo/x/4252296 T: @onetruecathal, @IndieBBDNA P: +3538763663185 W: http://indiebiotech.com
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