WordPress.com has moved quickly to ban a micro site set up to publish the Willy Report. The report, an analysis of the Mt Gox logs which claimed to show attempts to fix the exchange rate of bitcoin, was published published only the day before (25 May).
The rapid and unexpected move points to concerns that the report will attract litigation by the former Mt Gox CEO, named as a potential conspirateur.
The report follows the leak of the entire Mt Gox log into the public domain earlier in February. Analysis since then has shown that a number of automated bots were making significant trades at key times, effectively moving the market as a whole. On one occasion this included a single trade which reversed a downward trend in the currency. The bots highlighted as fraudulent on the report claim to have been funded by editing the database directly rather than buying in to the position with fiat currency. In total $112m appears to have been traded.
It’s likely that the report will appear elsewhere as the anonymous author attempts to republish. It’s also likely that others will attempt to analyse the data set to independently verify or dispute it’s findings. Given wordpress.com’s move, however, any publication is likely to attract legal attention.