The Half Million Dollar Mistake: User Sends 800 Bitcoins to Wrong Address Belonging to Mt. Gox
Think you're having a rough Monday morning? Probably not as bad as the guy in this next story and his mistake of epic proportions. Up on the bitcoin page at Reddit.com is a story that's no short of eye-catching. It starts with said user trying to send a bitcoin address funds. Except - oh dear - it's the wrong address. It's happened before, and it will continue to happen in the future, likely. But the amount sent is what's really eye-popping. In the words of the original poster: "If you just received 800 Bitcoin out of the blue, it was from me". You read that right. Eight hundred bitcoins.....
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Remember that post we had at the beginning of June that related to a man who mistakenly sent 800 bitcoins to the wrong address? If you haven't, check it out here. In brief though, we had happened was a user by the handle of 'TheDJFC' has created a post on social sharing website Reddit.com explaining his epic failure. Not only did he send his bitcoins to the wrong address, he sent them to an address belonging to defunct bitcoin exchange Mt. Gox. Interestingly enough, however, the story has an update - and it's a good one. 'TheDJFC' took to Reddit on the 4th of July to update the community,....
Crypto.com has been catapulted to the limelight once more after a mishap left a customer with more than $10 million. This is not the first time that crypto exchanges would be sending users the wrong amount by accident, but one thing that stands out about this case is how long it took for the company […]
Bitcoin's main problem is that every transaction is public. Such a feature makes it difficult to launder stolen bitcoins. Take this $5m thief as the example. The person controlling 19,000 of Bitstamp's coins has a problem. Anyone can follow the coins as they move between addresses. Lucky for them (or not as we'll see), there exist tools to assist in hiding, disguising, and making it difficult to prove where your bitcoins originate. Mixers combine your coins with the coins of others. Everyone sends coins to a central address. The mixer sends a transaction back to each user from the key....
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The owner of bitcoin betting site Just-Dice, a rival to SatoshiDice, had a severe moment of panic a few days ago when a user taking advantage of a human error caused him to lose 1,300 bitcoins (around $116,090 at the time of writing). Known only as 'dooglus', the owner revealed on the Bitcoin Talk forum that he had made something of a colossal mistake. What happened was this: a player won a load of bitcoins on the site and asked to withdraw them, dooglus paid out, but forgot to remove the balance from the user's Just-Dice account. The user then gambled - and lost - the bitcoins that were....