In my last post I included a trace of the MtGox coin flows immediately after their Nov 2011 parade if 500k bitcoins. At the centre of the drawing there is clear "hub" for a lot of flow. The same hub showed up even better in some of the traces I did today. It turns out that that is Instawallet, which folded on 2013 after breaches in security. I'm wondering, is there a close relationship between MtGox and Instawallet. More particularly was it the security issues at Instwallet that somehow caused the funding crisis at MtGox? Does anyone have more info on this?
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