Karpeles Admits to Running WillyBot, Pleads Not Guilty to

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A single-page blog called “The Willy Report” (removed in the meantime) has recently denounced an alleged plot to manipulate the price of Bitcoin through the use of bots.According to the report, authored by a cryptocurrency trader who claims to have analyzed several trading logs starting from November 2013, a bot named Willy is the one to blame for last year’s wave of volatility. Willy first started its trading spree in September of 2013, eventually leading to the bitcoin price bubble and crash months after. It is not hard to see how the Willy trading bot affected the Mt The bot earned its name from Mt. Gox traders concerned that the exchange’s volumes at its peak were the result of fraudulent bot trading. A dedicated research piece dubbed the ‘Willy Report’ is still available, having appeared as an attempt to find out what was happening inside the exchange while it was still operational. Karpeles’ defense team also stated there had been hacks November has been a bearish month for Bitcoin (BTC). This has been generated by tremendous debates about whether the price for BTC has reached the bottom.While it's extremely difficult to give an unequivocal answer to this question, some traders consider the present state of BTC to be the start of a sharp rally. The culprit goes by the name of Willy, and it is a bitcoin trading bot that only made an appearance on the Mt. Gox exchange. Willy first started its trading spree in September of 2013, eventually leading to the bitcoin price bubble and crash months after.

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