Bitcoin Forum

Economy => Service Discussion => Topic started by: AxelMi on July 17, 2013, 10:25:22 AM



Title: MTGox. Bank tries to get back the Withdraws
Post by: AxelMi on July 17, 2013, 10:25:22 AM
Today, i got an Message from my Bank. The Bank 'MIZUHO CORPARATE BANK' is trying to cancel 2 transfers from Mtgox. The value is about ~8000€. The Transfer were on the 7.6.13 and 18.6.13.
We rejected the cancelation of this Transfer.
We also have still a Withdraw in the Pipe that is confirmed but not paid.

Has anybody the same Problem ?




Title: Re: MTGox. Bank tries to get back the Withdraws
Post by: painlord2k on July 17, 2013, 10:57:39 AM
Today, i got an Message from my Bank. The Bank 'MIZUHO CORPARATE BANK' is trying to cancel 2 transfers from Mtgox. The value is about ~8000€. The Transfer were on the 7.6.13 and 18.6.13.
We rejected the cancelation of this Transfer.
We also have still a Withdraw in the Pipe that is confirmed but not paid.

Has anybody the same Problem ?


This could be a problem of Mizuho Corporate Bank and not a problem of MtGox.
Maybe one of the reason Mizuho stalled the withdraws from Mt.Gox.

How is the leverage of Mizuho Bank?
How much capital they have compared to expositions to loans?
Could be possible the rapid request  of a lot of withdraw from Mt.Gox (and from their account at Mizuho) have cause a lack of liquidity (or worse) to Mizuho?

This could be just a fuck-up of the bank system.



Title: Re: MTGox. Bank tries to get back the Withdraws
Post by: cedivad on July 17, 2013, 11:04:50 AM
This could be just a fuck-up of the bank system.
Denial?


Title: Re: MTGox. Bank tries to get back the Withdraws
Post by: Rampion on July 17, 2013, 11:05:24 AM
This could be just a fuck-up of the bank system.
Denial?

Yep, fear is approaching - then panic.


Title: Re: MTGox. Bank tries to get back the Withdraws
Post by: AxelMi on July 17, 2013, 11:06:24 AM
The withdraw from the 23.6 they didn't try to chargeback.


Title: Re: MTGox. Bank tries to get back the Withdraws
Post by: jl2012 on July 17, 2013, 11:36:37 AM
Today, i got an Message from my Bank. The Bank 'MIZUHO CORPARATE BANK' is trying to cancel 2 transfers from Mtgox. The value is about ~8000€. The Transfer were on the 7.6.13 and 18.6.13.
We rejected the cancelation of this Transfer.
We also have still a Withdraw in the Pipe that is confirmed but not paid.

Has anybody the same Problem ?


This could be a problem of Mizuho Corporate Bank and not a problem of MtGox.
Maybe one of the reason Mizuho stalled the withdraws from Mt.Gox.

How is the leverage of Mizuho Bank?
How much capital they have compared to expositions to loans?
Could be possible the rapid request  of a lot of withdraw from Mt.Gox (and from their account at Mizuho) have cause a lack of liquidity (or worse) to Mizuho?

This could be just a fuck-up of the bank system.



Headline : "The second largest Japanese bank is illiquid due to Bitcoin"


Title: Re: MTGox. Bank tries to get back the Withdraws
Post by: cedivad on July 17, 2013, 11:37:03 AM
Yep, fear is approaching - then panic.
This time they will be cheap for real.


Title: Re: MTGox. Bank tries to get back the Withdraws
Post by: Rampion on July 17, 2013, 11:38:47 AM
Yep, fear is approaching - then panic.
This time they will be cheap for real.

Well, IMO the impossibility to withdraw is distorting the USD/BTC exchange rate making it way higher than it would be if people could realize their fiat profits. If you cannot get your dollars out, only way is to buy BTC.


Title: Re: MTGox. Bank tries to get back the Withdraws
Post by: cedivad on July 17, 2013, 11:45:49 AM
If you cannot get your dollars out, only way is to buy BTC.
And to sell them on Bitstamp wondering whatever i should send the fiat to my bank or what. I'm in the middle of that.
Imo, the mtgox exchange rate as of now is completely unrealiable. It could spike to 140$, and bitstamp could follow at 120, but everyone would be wondering whatever that money that bought those btc to make the price higher on mtgox exists or not.


Title: Re: MTGox. Bank tries to get back the Withdraws
Post by: tutkarz on July 17, 2013, 12:06:55 PM
Yep, fear is approaching - then panic.
This time they will be cheap for real.

Well, IMO the impossibility to withdraw is distorting the USD/BTC exchange rate making it way higher than it would be if people could realize their fiat profits. If you cannot get your dollars out, only way is to buy BTC.

And to make things worse, nobody will sell their bitcoins for unrecoverable cash ...


Title: Re: MTGox. Bank tries to get back the Withdraws
Post by: joesmoe2012 on July 17, 2013, 12:11:13 PM
Today, i got an Message from my Bank. The Bank 'MIZUHO CORPARATE BANK' is trying to cancel 2 transfers from Mtgox. The value is about ~8000€. The Transfer were on the 7.6.13 and 18.6.13.
We rejected the cancelation of this Transfer.
We also have still a Withdraw in the Pipe that is confirmed but not paid.

Has anybody the same Problem ?




SEPA or SWIFT?

I assume SEPA since EUR but not sure...


Title: Re: MTGox. Bank tries to get back the Withdraws
Post by: Cyberdyne on July 17, 2013, 12:36:04 PM
everyone would be wondering whatever that money that bought those btc to make the price higher on mtgox exists or not.

Whether it exists or not, it's still able to pay for bitcoins on Mt Gox.   So, selling bitcoins for "Mt Gox USD" is still useful (for buying them back later).


Title: Re: MTGox. Bank tries to get back the Withdraws
Post by: EuroTrash on July 17, 2013, 12:37:05 PM
This could be just a fuck-up of the bank system.
Denial?

Yep, fear is approaching - then panic.

This + video of Roger Ver reading a script.
Strange thoughts in my head.

I sense a sudden urge to go home, open the cold storage wallet, send all BTC to Stamp and sell them all for fiat until the waters have calmed down.
Resisting to it so far.

 :o


Title: Re: MTGox. Bank tries to get back the Withdraws
Post by: zeroblock on July 17, 2013, 03:03:51 PM
The Ver statement is a desperate attempt by Mt.Gox to shore up confidence.  Once again, they are quite terrible at communicating with their customers, as the video neither relays confidence nor affirms that they are liquid.  Also where is Mark Karpelles in the video?


Title: Re: MTGox. Bank tries to get back the Withdraws
Post by: AxelMi on July 17, 2013, 04:41:33 PM
Today, i got an Message from my Bank. The Bank 'MIZUHO CORPARATE BANK' is trying to cancel 2 transfers from Mtgox. The value is about ~8000€. The Transfer were on the 7.6.13 and 18.6.13.
We rejected the cancelation of this Transfer.
We also have still a Withdraw in the Pipe that is confirmed but not paid.

Has anybody the same Problem ?




SEPA or SWIFT?

I assume SEPA since EUR but not sure...

It is a SEPA Transfer. My Bank is located in Iceland. ;)


Title: Re: MTGox. Bank tries to get back the Withdraws
Post by: OhShei8e on July 17, 2013, 04:59:14 PM
Today, i got an Message from my Bank. The Bank 'MIZUHO CORPARATE BANK' is trying to cancel 2 transfers from Mtgox. The value is about ~8000€. The Transfer were on the 7.6.13 and 18.6.13.
We rejected the cancelation of this Transfer.
We also have still a Withdraw in the Pipe that is confirmed but not paid.

Has anybody the same Problem ?

Never ever had such problems.
I expect the next payment from Gox this week but only 1000€.


Title: Re: MTGox. Bank tries to get back the Withdraws
Post by: sd on July 17, 2013, 05:17:53 PM
This could be just a fuck-up of the bank system.

It could be a fuck-up of the bank, or it could be a fuck up of GOX who have a very long history of fucking up, lying, and acting unprofessionally.

Which is more likely?


Title: Re: MTGox. Bank tries to get back the Withdraws
Post by: zeroblock on July 17, 2013, 08:48:05 PM
This could be just a fuck-up of the bank system.

hahaha. So you trust Gox more than a bank?