I don’t believe 25k Bitcoins were ever stolen

Thursday, June 16th, 2011 at 12:00 am

According to this thread on the Bitcoin forums, some dude had is computer “hacked” and they stole his wallet.dat, which is the file Bitcoin uses to store the private keys of the transactions, ie, the coins.

Except I don’t believe it actually happened.

As far as I can tell, the user transferred 25,000 coins to another one of his addresses and is using this to intentionally depress the buying volume (by injecting irrational fear into the market) so Bitcoin prices will go down so he can buy more at “fire sale” prices.

If this was Wall Street, that would be fraud and insider trading.

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