Feb 21, 2015
New Post has been published on Bitcoin:Views
Bitcoin hack report suggests inside job
20 February 2015 | Ben McLannahan | cnbc.com
A group of hackers investigating the collapse of Mt Gox, the Tokyo-based bitcoin exchange, has lent weight to the idea that it was an inside job, publishing a report detailing the activities of an automated bot that appeared to game the fragile system by buying hundreds of thousands of coins with fake money.
The report by WizSec, a five-man security consulting firm, provides the clearest account yet of what could have happened at Mt Gox, which went bust almost a year ago saying it had lost track of 850,000 coins then worth almost $500m.
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