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Why would anyone keep $8,000,000 USD in an account where you can only (according to the operator's "rules") withdraw $1000 USD a day? It would take 21.9 years
by brown9-2 15y ago
Why would anyone keep $8,000,000 USD in an account where you can only (according to the operator's "rules") withdraw $1000 USD a day?
It would take 21.9 years to withdraw the full amount of that account.
- wmf 15y agoThe $1,000 limit is only for unverified accounts. Also, it's possible that the BTC was transferred into the account months ago when it was worth vastly less. Or the BTC was accrued through trading. Or it wasn't a real account...
- _ikke_ 15y agoAccording to MtGox they attackers ran into the $1000 limit, so it was not a verified account.
- danssig 15y agoThis part of their story was made up to cover themselves. The "attackers" didn't run into any limit. They sold off a bunch of bit coins. A legitimate user bought then and then (sensibly) tried to get them out of the system, hitting the limit.