Mt. Gox hack and vulnerability exploit confirmed, user’s buttcoins lost.
The Mt. Gox vulnerability we posted on earlier was confirmed today.
I received an anonymous tip:
From: buttcoined
Subject: Reports of MtGox being hacked ARE REAL
Message Body:
A member of the bitcoin forums does seem to indicate that a vulnerability in Magic The Gathering Online Exchange’s site was exploited.
Users corroborate that their accounts were drained as well.
And earlier today Mt. Gox admitted the flaw in their site.
Why these guys put their faith in trust in this one site beyond my comprehension. Isn’t the whole point of buttcoin is that it’s P2P, decentralized? Then why does the entire bitcoin economy rely on this one site to not only determine the value of a bitcoin, but to even turn it into USB, a currency they can actually use?
The buttcoin libertarians set up their own Fed, the one thing they wanted to get away from.
Jason
June 18, 2011 @ 10:15 pm
These kids are getting exactly what they asked for. A currency without gvmt involvement. Good luck getting this investigated and resolved people. Your glorious new world currency is turning out to be a security nightmare. The way you all run your mouths alone at how great these fantasy tokens of just makes me think of one thing and one thing only. You deserve to be the victim of theft for your arrogance.
WTF just happened!?! Bitcoins lose all value, drop to a penny. - Buttcoin - The P2P cyrpto-currency for butts.
June 19, 2011 @ 6:28 pm
[…] also worthy to note how much power Mt. Gox has over the entire market, a large sell over literally destroys the entire […]
Is MtGOX manipulating the Bitcoin market? - Buttcoin - The P2P cyrpto-currency for butts. - Buttcoin - It's Bitcoins with Butts! - Buttcoin.org
April 8, 2013 @ 3:15 pm
[…] it on maintenance, infrastructure, or administration. The site is notoriously laggy, has been hacked, DDoSed (if its admins are to be believed,) and appears at most times to be held together by […]