What Really Happened in Mungox?

mount gox was founded, or he worked ass, a bit coin exchange in two thousand ten. It was likely ran by single person at the time, jed mc caleb. There was two exploits related to montgoks integration of liberty reserve withdrawals. Users type in how much money they want to withdraw, but the code forgot to check for negative imputs and let users straw money they didn't have. Jed found these bugs and fixed them, but it wasn't until he had already lost 50 million dollars that he started talking with mark carpelis about taking over mungox.