Guru3D.com
  • HOME
  • NEWS
    • Channels
    • Archive
  • DOWNLOADS
    • New Downloads
    • Categories
    • Archive
  • GAME REVIEWS
  • ARTICLES
    • Rig of the Month
    • Join ROTM
    • PC Buyers Guide
    • Guru3D VGA Charts
    • Editorials
    • Dated content
  • HARDWARE REVIEWS
    • Videocards
    • Processors
    • Audio
    • Motherboards
    • Memory and Flash
    • SSD Storage
    • Chassis
    • Media Players
    • Power Supply
    • Laptop and Mobile
    • Smartphone
    • Networking
    • Keyboard Mouse
    • Cooling
    • Search articles
    • Knowledgebase
    • More Categories
  • FORUMS
  • NEWSLETTER
  • CONTACT

New Reviews
ASUS ROG Rapture GT-AXE11000 WIFI6E router review
Backforce One Plus Gaming Chair review
ASUS GeForce RTX 3080 Noctua OC review
AMD Ryzen 5 5600 review
PowerColor RX 6650 XT Hellhound White review
FSP Hydro PTM Pro (1200W PSU) review
ASUS ROG Radeon RX 6750 XT STRIX review
AMD FidelityFX Super Resolution 2.0 - preview
Sapphire Radeon RX 6650 XT Nitro+ review
Sapphire Radeon RX 6950 XT Sapphire Nitro+ Pure review

New Downloads
Corsair Utility Engine Download (iCUE) Download v4.24.193
Intel HD graphics Driver Download Version: 30.0.101.1994
GeForce 512.95 WHQL driver download
AMD Radeon Software Adrenalin 22.5.2 driver download
AIDA64 Download Version 6.70
FurMark Download v1.30
Display Driver Uninstaller Download version 18.0.5.1
Download Samsung Magician v7.1.1.820
Intel ARC graphics Driver Download Version: 30.0.101.1732
HWiNFO Download v7.24


New Forum Topics
Review: ASUS ROG Rapture GT-AXE11000 WIFI6E router AMD changes its statements, Ryzen 7000 will consume up to 230W Info Zone - gEngines, Ray Tracing, DLSS, DLAA, TSR, FSR, XeSS, DLDSR etc. LG offers a 47,5-inch OLED gaming display with 4K resolution with up to 138 Hz refresh rate. AMD Radeon Software Adrenalin 22.5.1 WHQL driver download and discussion Rumor: Intel Raptor Lake and Sapphire Rapids processors will be available in October Fine Utilise Power of RadeonPRO Software & SweetFX Part 2 MSI AB / RTSS development news thread Free to grab: Bioshock: The Collection at Epic Games Store [3rd-Party Driver] Amernime Zone Radeon Insight 22.5.1 WHQL Driver Pack (Released)




Guru3D.com » News » Bitcoin Exchange Mt. Gox Goes Offline - $350 Million Hack

Bitcoin Exchange Mt. Gox Goes Offline - $350 Million Hack

by Hilbert Hagedoorn on: 02/25/2014 09:55 AM | source: | 20 comment(s)
Bitcoin Exchange Mt. Gox Goes Offline - $350 Million Hack

Mt. Gox, once the world's largest bitcoin exchange, has gone offline, apparently after losing hundreds of millions of dollars due to a years-long hacking effort that went unnoticed by the company. The hacking attack is detailed in a leaked "crisis strategy draft" plan, apparently created by Gox and published Monday by Ryan Selkis, a bitcoin entrepreneur and blogger (see below).

According to the document, the exchange is insolvent after losing 744,408 bitcoins - worth about $350 million at Monday's trading prices. The plan paints a bleak picture of the exchange's finances and outlines an arbitrage scheme to restore the exchange to solvency. "The reality is that Mt. Gox can go bankrupt at any moment, and certainly deserves to as a company," the document states. 

WIRED couldn't confirm the authenticity of the document. Reached Monday night, a Gox representative declined to comment on the document and referred us to the company's webpage, before abruptly hanging up. But the website went offline a few hours after the company suspended trading on its exchange, and if the document is indeed authentic, the situation it described could reverberate across the world of bitcoin and possibly hamper the future of the digital currency.







« Folding@Home App For Chrome · Bitcoin Exchange Mt. Gox Goes Offline - $350 Million Hack · Galaxy Gear Fit Is Samsung's Lesser Wearable »

Related Stories

Silk Road 2.0 'Hacked' Using Bitcoin Bug- All Funds Stolen - 02/14/2014 09:42 AM
The same bug that has plagued several of the biggest players in the Bitcoin economy may have just bitten the Silk Road: On Thursday, one of the recently-reincarnated drug-selling black market site's ...

Yahoo Malware Turned PCs Into Bitcoin Miners - 01/10/2014 09:44 AM
Researchers at security firm Light Cyber revealed this week that one of the malware programs aimed to use the resources of infected PCs to perform the calculations necessary to run a Bitcoin network. ...


4 pages 1 2 3 4


SirDremor
Senior Member



Posts: 586
Joined: 2008-06-20

#4772193 Posted on: 02/25/2014 10:08 AM
Mwu-ha-ha!

Sorry, but I can only gloat on this! If the history can NOT teach anyone anything, then only the harsh reality can!

BTW, I even know who performed this "hacking effort" - owners of Mt.Gox themselves.

V@IO
Senior Member



Posts: 494
Joined: 2010-04-12

#4772275 Posted on: 02/25/2014 01:45 PM
This is the reason why is am a skeptic of bitcoin.

main_shoby
Senior Member



Posts: 1047
Joined: 2006-02-06

#4772314 Posted on: 02/25/2014 02:33 PM
ok! All I care is a $500.00 290X. This will pull 780ti's prices down a little... so I can SLI :D :banana:

Speed Weed
Senior Member



Posts: 1066
Joined: 2011-12-04

#4772334 Posted on: 02/25/2014 03:12 PM
Brilliant stuff!
Good to see that the likes of the Shadow Crew are still keeping their hand in, targeting easy marks like this! :)

Rich_Guy
Senior Member



Posts: 12767
Joined: 2003-05-11

#4772352 Posted on: 02/25/2014 03:41 PM
Bitcoin in freefall

http://vr-zone.com/articles/bitcoin-freefall-mt-gox-closes-doors/72773.html

4 pages 1 2 3 4


Post New Comment
Click here to post a comment for this news story on the message forum.


Guru3D.com © 2022