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Exchanger MtGox stopped working

This morning, MtGox has finally gone offline .

For several weeks, the largest cryptocurrency exchange, MtGox, was malfunctioning. After detecting a critical vulnerability in the own implementation of a Bitcoin wallet, it turned out that the bug allows double waste of coins when carrying out internal transactions on the site. After that, MtGox froze the withdrawal operation.

“But it turned out that the damage has already been done. At the moment, 744 408 BTC has been lost due to fraud related to vulnerability, according to an internal MtGox document dealing with a crisis situation that was in open access. “The backup storage was devastated by a leak in the active wallet.”

“We believe in the value of the Bitcoin system, in its ability to change the world and its principles of transparency. But most of all, we are worried about the users of MtGox and other Bitcoin-businesses who may feel the consequences of [the bankruptcy of MtGox]. ”
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The document suggests the following steps to get out of the crisis: stop operations for 1 month, ask the community for help, restart under the new Gox brand.

Meanwhile, Coinbase, Blockchain and some other companies published a joint statement condemning the "tragic violation of user confidence" by the management of MtGox and express the hope that these events will not affect other companies and the entire Bitcoin ecosystem.

Source: https://habr.com/ru/post/213763/


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