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actually that is incorrect, that was suggested in the inital fall out of mt gox collapse, however further research indicates that willy was not responsible for
by celticninja 11y ago
actually that is incorrect, that was suggested in the inital fall out of mt gox collapse, however further research indicates that willy was not responsible for the rise or at leats not for all of the rise. There is a good review of the transactions associated with the willy bot and a decent analysis of wat they think it was doing.
- ikeboy 11y agoCould you elaborate? The most recent report I've seen, http://blog.wizsec.jp/2015/02/mtgox-investigation-release.html http://blog.wizsec.jp/2015/02/mtgox-investigation-release.ht..., says: >Willy bought a very large amount of bitcoin on MtGox during the period of September 27 – November 30 during 2013 (and later, though the leaked logs end on this date), a total of over 250,000 BTC. There is a very high probability that this had a large effect on the price of bitcoin, opening up the possibility that this may have been a plan to manipulate the market rather than (or in addition to) fraudulently acquiring bitcoins. and >There are even some suspicious incidents where Willy becomes absent and soon afterwards the market "corrects" itself to a lower price level.
- celticninja 11y agoI stand corrected.