Mt. Gox. What more is there to say after all these years? Apparently still plenty. The hacked exchange which ended with the words "We had weaknesses in our system and our bitcoins vanished" is continuing their streak. This time due to double spending via Paypal transfers. I know I know, decentralized Bitcoin, centralized Bitcoin exchange, returning to the issue of double spending, it's almost too satirical to believe yet here we are:
This is just picture perfect. If it were a Mr Bean episode people would say that no one could possibly be that incompetent. If it were a SciFi people would say that's way to fictional for anyone to believe. If it were a horror people would not get scared because they could not possibly worry about all these different variables going wrong, if so then they might as well start worrying about getting struck by lightning in the blistering sun. If it were comedy no one would laugh because what are the odds of this actually happening, and yet somehow it did. Centralized Mt Gox actually used centralized payment service Paypal, which itself already jumped aboard the crypto train, to refund a portion of the stolen Bitcoins that were recovered 10 years later and they still managed to further disappoint and infuriate their former clients.
Well, not all clients I believe. For those that received the payout twice and didn't send it back found the most unique and bizarre method to double their investment I guess.😂 But that should actually not be a problem if Paypal acts fast enough. If they can take 2.500 Dollars from your account for spreading "misinformation", surely they can stop people from running away with other peoples' money right?