Mt.Gox countered the Bitcoin Foundation argument by saying that the bug it has discovered is pretty new and can effectively allow potential hackes and cyber criminals to steal Bitcoin from the valid owners wallet.The street is divided as to who is at fault but Bitcoin Foundation supporters who have long argued that this specific issue : transaction malleability has been known about for years and requires that companies like Mt. Gox develop their own safeguard against it. The issue has taken its toll on the value of Bitcoin with its value down to $578.00 from the highs of $1100.00 we saw in the month of December and start January. Yesterday it tumbled with a surprise dip to $102 but later recovered. The dip was said to have occurred when some user sold a huge block of 6,000 Bitcoins at $102 rather than the current market price.
