Bitcoin Mt. Gox FLASH CRASH! Bitcoins at $0.01 Each

Follow me on Twitter:   / bookofnick  

Donate Bitcoin: bc1qgczqfunuctnkxyyp5la0ngx23xx0fgup4lqwml

Price crashes from $17.5 to $0.01. That i not a typo. ONE CENT. Here is the official statement from Mt. Gox:

"The bitcoin will be back to around 17.5$/BTC after we rollback all trades that have happened after the huge Bitcoin sale that happened on June 20th near 3:00am (JST).

Service should be back by June 20th 11:00am (JST, 02:00am GMT) with all the trades reversed and accounts available.

One account with a lot of coins was compromised and whoever stole it (using a HK based IP to login) first sold all the coins in there, to buy those again just after, and then tried to withdraw the coins. The $1000/day withdraw limit was active for this account and the hacker could only get out with $1000 worth of coins.

Apart from this no account was compromised, and nothing was lost. Due to the large impact this had on the Bitcoin market, we will rollback every trade which happened since the big sale, and ensure this account is secure before opening access again."

This excuse is weak.

Try TRADE HILL INSTEAD: http://www.tradehill.com/?r=TH-R1323
Use referral code TH-R1323 when signing up at Trade HIll and get 10% off commissions for the life of your account.

EDIT JUNE 2022 (11 YEARS AFTER THIS VIDEO): TRADE HILL NOW DEFUNCT, GOX IS LONG DEAD, BITCOIN TO THE MOON, IGNORE SH*TCOINS AND HODL ON.