Category Archives: arbitrage

I don’t work for MtGox and I can’t help you recover your funds

On February 25th, 2014 ~2:00 am GMT MtGox died. I’m sorry for all the bitcoin users who lost fiat money or bitcoins in there, and especially for some of them who were using the bitcoin arbitrage toy I wrote.

During the last 6 hours, I received ~20 emails, some of them threatening me, most of them insulting me (+1 for turkish insults). To be clear: I don’t work and I never worked for MtGox and I can’t help you recover your funds. I even warned about the risks of arbitraging bitcoin markets in a previous post, I repeat: Arbitraging is not risky, but putting fiat money or bitcoins in any exchanges is risky. Don’t trust bitcoin exchanges, even those labeled “too big to fail”.

Note: this actually revealed that the tool is used by far more people I was expecting.