Catching a Genius Hacker | The Mt. Gox Documentary
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- čas přidán 28. 05. 2024
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When Mt. Gox collapsed in the early months of 2014, it marked one of the largest financial heists in history - yet no one knew who was responsible for the hack. With billions of dollars missing and thousands of angry creditors demanding justice, the pressure was on to find the criminals behind it. In this mini-documentary, I tell the story of Mt. Gox. From its troubled beginnings to the masterminds behind its downfall.
0:00 Intro
1:13 The Beginning
5:33 Mark Karpelès
9:16 More Problems
12:28 The Collapse
15:48 Implosion
19:51 Investigation
22:59 ChainAlysis
26:45 Finding The Coins
29:28 Finding The Hacker
33:22 A Name
36:49 Capture
41:18 France
43:39 USA
I was inspired to tell this story after first reading about it in Andy Greenberg’s book “Tracers in the Dark” which tells this story and more in the fascinating detail only a book can. You can find it on Amazon here:
www.amazon.com/Tracers-Dark-G...
A big thank you to Peter McCormack and his show What Bitcoin Did for letting me use his interviews with Jed McCaleb and Mark Karpelès in this video.
Jed McCaleb on the Creation of Mt. Gox:
• Jed McCaleb on the Cre...
Mark Karpelès on the Collapse of Mt. Gox - WBD076:
• Mark Karpelès on the C... - Zábava
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😊yes
epic
It took you long enough, i've been waiting on a new video for months
@@seanjitsulewis2938 See you in another 6 months :)
Alexander Vinnik might at least survive the russian ukrainian war if the prison in the usa is safe
I woulf have added BITCOIN and MtGox into the title cause those are the keywords to attract viewers easier. I had known about the MtGox case but only till about 2017 or so by a 90 minute long german documentary without that whole turn around caused by Vinnik and this 650.000 bitcoin question.
What a wonder that an ordinary mediocre programmer owns a house and private beach in greek - and of cause he is innocent and can explain that he was paid 1000$ per hour or so. Still wonder why the USA take so long to start the trial in a case that should be fully prepared years ago when Vinnik was first arrested in Greece.
SBF and Vinnik then can exchange their experiences with the bitcoin mess and living as a rich.
But what about the 2 russians behind Vinnik, Verner and the other - canon fodder in a Wagner PMC unit or russian army ?
From Runescape videos to incredibly well edited and thorough crime analysis, and in a niche of your own. Another banger, keep it up
in 1 year he for real went from runescape videos to randomly dropping these high quality bangers
@@6z0I definitely love this style of video, definitely his sweet spot I'm so happy for his success related to these! I've been watching Crumb for like 5 years
Wait this used to be a runescape channel 😅?
I knew Crumb was an RS Channel I was like what is this bitcoin stuff? Love all the content tho I agree they’re all bangers
His niche is saturated there is thinker,Jack rhysider, criminist etc
Been rewatching your other docs like these. I don't know what it is you're doing Crumb, but your way of doing these videos and the subjects themselves is like no other I ever watched. I LOVE watching them, thank you for your work!
Too kind :)
@@CrumbRSnah man seriously great production on these
So true
@@CrumbRSyou’re crushing it bud, amazing productions!
Ok blow him now.
As a developer, I've got to say that I'm ASTONISHED they left such a huge vulnerability in their code where you could just change the value of the request (that's very easy to do btw - if you leave a vulnerability that blatant).
this is becoming really common nowadays with devs or extremely cheap employers just copypasta-ing from gpt. so much already lmao
Value of what 'Request'?? Just like you failed to explain, they made a simple mistake too; and I don't know how simple or complex it would have been to prevent hacking: clearly Bitcoin is the mecca where hackers can actually profit from hacking..
@@MF-kr4hfeveryone cheats in video games by altering the values in the game files. Some people use the same technique on bitcoin exchanges
The most astonishing part of Mt.Gox is that they expected traders to be honest about their holdings when executing trades 😮
42nd thumb
As someone in the cybersecurity community, love stories like this where theres a lot of research into them.
Aliaksandr Klimenka (one of the other two guys) was arrested in Latvia on December 21, 2023 and made an appearance in a San Francisco federal court on February 2nd, 2024, the department said. He faces up to 25 years in prison if convicted on all counts of money laundering conspiracy and operation of an unlicensed money services business.
Can u follow up on this? Read this at the very end of the video, and this name doesn’t match any of the 3 guys.
@@kalentho2137 Type Aliaksandr Klimenka into google. The 1st article is from the DoJ about his arrest.
@@kalentho2137You can google his name, it's apparently true.
Keep us updated if you can please, thanks for the info. Unfortunately, in California who knows what will happen. He might just be let go with a pat on the butt. I mean hell, people arrested for murder are being let go without bail just to go out and reoffend. Hopefully they end up with a judge that actually cares about Justice.
Relevant context on Japan's legendary conviction rate. 1. That figure refers to trials, and includes guilty pleas, which must still be taken to trial, and 2. more than anything it reflects the discretion of prosecutors to not try weak cases. Comparing like to like, the US federal conviction rate for cases where charges are brought to their conclusion is over 99.5%.
That 99.5% number is for federal cases. The feds dont charge you after the immediate onset of a crime. They let you buru yourself, and build a larger case not only for you but also your organization. Japan's rate is all levels of court
I have never been remotely interested in cybercrime but following your recent videos has me intrigued! You do so well to explain a difficult to comprehend concept so concisely and interestingly. The level of detail is perfect and your voice is very soothing to listen to. Keep up the good work!
Check out Jack Rhysider if you want other content that is on similar subjects and also packaged in a way that can keep literally anyone entertained.
It's been so cool watching you transition from a simple OSRS channel to doing these incredible deep dives into all sorts of different subjects. You're truly a credit to our community, Crumb.
Appreciate you man :)
crumb, your videos are always incredible quality while being about actually interesting topics. give this man an applause
Love you
As a non-techy type, whose never gamed - nor bought a dime of crypto or bitcoin …. I’m hooked on your channel.
Well done!
never gamed???????????????
@@Cossak870MC no, I’ve never been a gamer, lol 😂 I’m old.
I will admit the games out there are truly incredible with mind blowing visuals now. I wish I could play a couple but I am extremely slow, haha.
And I should add an edit, I see I wrote never bought bitcoin. I bought an etf of it - and managed to lose money!! I never understood how to buy the real bitcoinage 🪙. So I’ll never buy it again … once bitten: twice shy. It was a shitty lesson for me to learn.
@@Cossak870MC well maybe I have, I played Atari’s Pac-Man at a friends house in junior high one weekend , then tried Minecraft a couple times. And I’ve tried a few other apps, like Candy Crush … if that counts 😂
Waited for video for over 2 months but you never let anyone down keep it up man
You deserve way more subs. Its crazy how many good channels are popping up on my feed and you are definitely one of them.
these new videos are so captivating, and so well documented, easy to understand yet complete, please please continue! especially on SBF
Three bong rips down, best video ever. 10/10 IGN
Videos like this always blow my mind 10x more when I’m fried 😂😂
I swear to god I'm not the only one
fucking facts 😂😂😂😂😂😂😂😂😂😂
insane how fast you've grown. well done producing great content
your vids are so sick bro keep it up fr, i cant remember the last time i watched a 47 minute video on YT that wasn't a podcast😂
I've been watching you for years but never subbed until now. Your detailed breakdown of the technicals and the situation as a whole were very clear and concise. I'll be keeping an eye out for all futute content, keep up the amazing work Crumb!
Appreciate you:)
Great video Crumb, good content that is well edited, as always. Keep em coming!
What an incredible, well produced, and entraining video. Thank you for that, sir!
Excellent work crumb on this one. Had me hooked from start to finish.
Keep up the good work mate.
mark is a really good dude for beating that 99.8% conviction rate and reimbursing people all their coins instead of taking a profit
Good dude? He lost people's coins to the tune of $50k first time and falsified documents to keep exchange going basically having customers trade imaginary bitcoins when none where there. The he messed up again and again making the hole deeper and deeper finally stepping down when he turned first 50k screw-up into 500 million disaster. From there bitcoin went up like 200 times higher. At peak his screwup was worth like 100 billion lol. So he a good dude giving back 20% bitcoins left after losing 80% through incompetence and then fraud to cover his screwups? If he even tried keeping that money somone woulda put him 6 ft under. Only bright side to this is it took so long go through court's the 20% left is still probably more worth today than old customers woulda held out.
It's crazy to think some of the BTC I used to buy my drugs with could have been part of a massive hack
You used BTC for what???? Must’ve been during the Silk Road era
I'd be more sick over the fact that I essentially traded what would be hundreds of thousands of dollars lol
I could have been worth millions but let's be real if I didn't wipe my drive I would have probably sold my bitcoin for $100 bucks each as I received them for under 10 bucks each
@@user-ny6ng4mv5gcurrent era too, BTC and xmr are commonly both still used today.
@@notsobigbelow7819 think of it this way. Had you NOT spent that BTC, there's no guarantee it would have ever gained the popularity is has now. I'm not gonna pretend one person's actions would've been a huge impact but also shouldn't pretend like the aggregate of everyone didn't contribute.
Always got to drop everything to see the new crumb video! Great stuff as always!
The amountof research you must do for these videos are insane keep.up the great work giving us interesting stories
Hyped to see you uploaded today, almost done with the vid and its great so far. I hope you get some good ad rev because this one was really well made
i literally cannot sit down and eat a meal without playing one of your videos!!! please never stop making these
The best video format, thank you for the work you put into these. So enjoyable!
Switching from osrs content to real crime video essays was such a good move. Keep it up, you are great at this!
Let me ask you.. wtf is osrs...??
@@anthonydorsey7176 old school runescape i presume?
@@anthonydorsey7176old school RuneScape
@@anthonydorsey7176 Old School RuneScape
Super high quality well made documentaries . Props to you sir . And thanks
Crumb, just discovered you and watched this. Excellent production. Keep it up - your growth is imminent.
Crumb! Been watching you for your RuneScape vids for a long time now. The new content with these short docs on other internet topics is phenomenal man. Will be sticking around for a long time 👏
Love you big man
@@CrumbRS Love u 2 man, hope life is good ❤️
CZcamsrs like you makes my day , such an well edited and informative video 👍
Dude u do such a good job with these documentaries! Keep giving us more!
bro 10/10 video - when i saw mt gox i was like "oh i know this story but crumb explains so well ill watch" and then finished learning SO MUCH
I love your videos and I’ve been dying waiting for another documentary I’m gonna save this one for later
I am so glad you ventured out to do non rs content. these videos are great. can’t wait for the next
WOW what a story, thanks for posting!
This is the first video of yours I've had the pleasure of watching, and I subscribed directly after I was done. Now I'm gonna go through the rest of your channel - yeeay!!!!!! Have a nice one! Peace, from this Swedish woman living in Norway ;D
Love the tempo and overall way you laid out this whole masterpiece. Absolutely loving your work man, keep up the great job!
Bro I love your stories so much, they keep getting better
Thanks a lot
the content just keeps getting better and better
Awesome video!! Very interesting, informative and well laid out. Keep it up ❤
Great job on your research and reporting. Love the work. Thank you. 👍
Always good to see another Crumb video!
Love these vids mate, please keep up the good work! Subbed
I’ve never watched your videos before and I was unaware of this crime before clicking this. You took me on a ride and got me going back to listen to the whole story again. Great video, underrated channel and I hope you blow up soon the storytelling is unreal
Thank you for the kind words :)
The legend of documentaries is back with another certified banger. Ya love to see it, hell yeah. Keep up the good work, man! Always happy to see another video release.
Love you cowman
The effort you put into these videos is astonishing! Keep it up
And your astonishment is absolutely astounding!!! You go girl!!!
Your docs are amazing. Your editing style and narration is incredibly engaging!
@@Tactical_Nuke0???
please@@fivr.
@@Tactical_Nuke0 Lets get married
@@Tactical_Nuke0 that is a super valid legit question!
I’m wondering the same now that I’m buried into the comment section, lol 😂
just watched this today. I do remember some of those old sites. amazing editing as always
damn this is my first new crumb video after binging dozens of videos over the weeks
Been on you since last pre-EOC. Love these so much
The legend that is Crumb does it again, wild video man
Glad to see you still can upload
every 3 - 6 months youtube lets me do 1
Happy for you Crumb! Great video and I wish you the best in your yt journey.
Thank you!
these video are so greatly made, please keep making them
pls be single
I still don't believe I will ever see my mt gox funds. The roller coaster of emotions I've had over the years over 1.6 btc I lost is a enough for a lifetime I'm completely over it. I probably would of sold it at under $2000 anyways lol
Wow, I hadn't heard much of that story.
Thank you.
These videos are amazing, keep up the good work!
These videos are so good. i love these please never stop
I love the new direction of the channel (not that I didn't love the OSRS content)! Keep up the good work. :)
Love your videos, the information is spot on. Been watching your videos and enjoy them.
He’s just hoping Russia captures another woman’s basketball player to trade
Woke
Damn your docs deserve to be on top tier streaming services like netflix thats because how well theyre done. Just crazy to see this kind of content by youtuber. Even tho being youtuber and letting us enjoy these isnt a bad thing. I just mean i could confuse your videos to a discovery channel documents when it comes to overall execution. Bravo!
Sick to see Mental Outlaw's video featured!
thank you for blessing us with another vid!
I love your hacking documentaries, keep it up! New sub :D
couldnt have ever cared about runsecape but the quality of your latest vids made me go watch all o0f those too. so good crumb keep it up i see you clearing a mil for subscribers no problem
:) you're the best
Bro your underated these edits go hard
I knew I recognized you. Ty for the RuneScape and all the cool videos
Bro where have you been, missing your uploads. Binged all your past videos
Brilliant reporting!
Great videos, really enjoying your content. You deserve many subscribers. A bit sad about that guy's situation too, ie. not being able to see his wife properly again, and his kids growing up without their parents.. Sad situation. At the same time, if it's true what he was accused of, that's a lot of cyber crime and theft...
Bro youre bound to go viral just be consistent
Wow this was interesting. I love learning about the tenacity and out of the box thinking of human beings.
Seriously love your videos and glad you branched out from osrs
great video to have on in the background
When you made this video you were on 76 subs. You're on 257k now. That's damn impressive. Currently binging through your hacker documentaries
its always a good day when crumb posts a new video
such a detailed video, good content 🙏
I am so interested in this stuff, but I have no clue how to start all this I'm sure it takes some money to, but I appreciate you doing this. This is good stuff man thank you and keep it up.
This was both a great video but even better storytelling
Absolutely loving your content. May I recommend, when you are moving on to the next subject, maybe leave an extra second or so between the end of 1 subject and the beginning of a new one? As at first I found i didn’t realise straight away we were moving on! Apart from that, everything else is great! :)
It’s a good day when crumb uploads
Wow...amazing video. Great job
These documentaries are fascinating. WOW.
man i love when crumb posts
Was that your actual number of subscribers? Your channel is up now 👏🏽👏🏽👏🏽
Whatever feelings a person may have about vinnick, the situation of not being able to say goodbye to his wife really is gut-wrenching. It's a perfect real life example of how things aren't always black and white.
Well thats karma for stealing from normal everyday people.
It being Oct 24 and me seeing this makes me want to see what happens in 7 days. Good video. Thanks
Was that the date this was released? I guess I will check, I should pay attention to these things. But I recall binge watching, lol 😂
Wow this is an incredible story! I don't understand why Mark did not just agree to cash out the wallet or whatever the first option to pay everyone back as soon as possible.
Damn Crumb I remember 30k subs and OSRS videos. Good for you!!!
Another great video, keep doing these bro.👍
Love you
how inhumane keeping a man locked up on no charges
amazing video great work crumb
Hell of a video, very well made
Didn't even realize you used to make RS content until reading the comments on this video, watched a couple of your other recent videos. Big fan.
:) cheers man
I enjoy your vids way too much keep it up broski
Wait you're telling me the 3 hackers are all called Alex.