Investigative report on the Mt.Gox exchange and the "Willy" bot

The mystery of the MtGox stock exchange continues to stir emotions a year after its bankruptcy. In addition to the ongoing official investigation into the matter, there are ongoing [...] https://www.pinterest.com/pin/1085437947660215829/

The mystery of the MtGox stock exchange continues to stir emotions one year after its bankruptcy. In addition to the ongoing official investigation into the matter, there are ongoing investigations by independent teams. Japanese company WizSec, which deals with network security and especially related to cryptocurrencies, published a report summarizing their investigation.   The mystery of the MtGox exchange continues to stir emotions a year after its bankruptcy. In addition to the ongoing official investigation into the matter, there are also ongoing investigations by independent teams. Japanese company WizSec, which deals with network security and especially related to cryptocurrencies, published a report summarizing their investigation.   Already during the stock market bubble in the last quarter of 2013, a bubble "led" mainly by MtGox, observant players observed oddly-playing exchange bots trading significant sums. A bot named "Willy", sometimes referred to as "Snail" in Polish bitcoin circles, was dispassionately buying up thousands of bitcoin pushing the exchange rate upwards. Suspicions were aroused by the fact that the bot was also trading at times when access to the exchange was cut off to users due to server problems, which suggested that in this way the exchange was manipulated by its owners. Meanwhile, in December 2013, the bubble began to burst, and soon after it became clear that MtGox had serious solvency issues. On February 28, 2014, the gie [...] [...] [...] [...] [...] [...] [...] [...] [...] [...] [...] [...] [...] [...] [...] [...] [...] [...] [...] [...] [...] [...] [...] [...] [...] [...] [...] [...] [...] [...] [...] [...]