[P2P-F] MtGox Bitcoin Exchange Hacked Crashes Market

Michel Bauwens michelsub2004 at gmail.com
Mon Jun 20 14:22:35 CEST 2011


very interesting Kevin!

I'm hoping you or Sepp can do an update on bitcoin developments in a week or
so?

On Mon, Jun 20, 2011 at 6:32 AM, Kevin Flanagan <kev.flanagan at gmail.com>wrote:

> Hey,
>
> I've been following bitcoin recently trying to get my head around it.
> I created an account on MtGox the exchange but never used it. I own 0
> bitcoins :) However I found out this evening that MtGox has been
> hacked and this crashed the bitcoin market. Gmail soon alerted me to
> suspicious activity on my account. I don't use the same passwords so
> my account was fine but I guess someone managed to brute force the
> encrypted passwords on MtGox and tried logging in to my Gmail from a
> suspicious IP address.
>
> The video below is kind of fascinating to see the speed at which this
> all happened.
>
> Video - https://twitter.com/#!/BitcoinAnalyst/status/82526560351031296
> Bitcoin Forum -
> https://twitter.com/#!/bitcoininfo/status/82528153020542976
>
> Best
>
> Kevin
>
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